Pools are centralized trusted third parties at the end of the day.
Ocean needs a good narrative to convince miners to switch pools, as there are already quite a few well-capitalised pools offering guaranteed and consistent FPPS payouts.
I don’t think diversity of pools is a bad thing, but the narrative that Bitcoin would be more decentralized if everyone mined for ocean (or any other pool for that matter) is simply not true.
Decentralized = many small independent pools (offering PPLNS payouts because they are more sustainable and incentive compatible)
The only way we achieve that decentralization of hashrate long term is if more pools like Ocean pop up and miners use them. But Ocean isn’t decentralizing hashrate by offering this new service, its decentralizing hashrate through its very existence by offering miners another pool to use to reduce their payout variance.
BitcoinAlchemist / James Pierog
npub1u8…xjcky
2024-09-30 16:39:24
in reply to nevent1q…grjp
Author Public Key
npub1u8r69esh5r7jt29nj9ufmz4yvuwp6cwl5xqp4e3d46vl8wla5smsexjckySeen on
wss://relay.damus.ioPublished at
2024-09-30 16:39:24Event JSON
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