If you understand #Bitcoin and you're against it, your are my enemy. If you don't understand #Bitcoin and you're against it, I still have work to do.

"What do prostitutes, blackmailers, slumlords, and Bitcoin miners who censor transactions all have in common? ...They are heroes of the free market."

Bitcoin Magazine

Defending The Undefendable: The Censoring Miner

Bitcoin is built on the principles of free association, and market incentives pushing people into a consensus arising out of that free association ...

Malaysian flight MH-370 solved? You decide. Fascinating times we live in. cc @Blue Collar Bitcoin based on your conversation with Matt Pines, you may find this interesting. https://rumble.com/v3yij14-the-truth-about-malaysian-flight-mh-370-with-ashton-forbes-and-ian-crosslan.html

Ditch braiinspool and mine in the @OCEAN

There is a big problem in Bitcoin mining today, and it needs a lot more attention. @Bitcoin Mechanic recently wrote an extensive article in @bitcoinmagazine about the centralized state of block template creation by large pools who have the ability and incentive to censor transactions, conduct block withholding attacks, create block templates which include transactions paid for via side channels (removing those fees from the mempool thereby screwing the plebs who are providing the hashrate), screw plebs yet again by charging them higher fees while big players get royal treatment, all the while making it impossible to verify payouts in a transparent way under the FFPS model. This really opened my eyes to some problems I really wasn't aware of. I've been a big supporter of the PPLNS model which was the reason I mined exclusively with @braiinspool. But today braiins just announced they are switching to the FFPS model. Now I'm now saying that braiins is a bad actor, but this does not support the decentralization of Bitcoin mining. On top of that, when I voiced my concern on their telegram channel, the began deleting my comments. This, from an OG Bitcoin company who have done so much great work over the years, is just really disappointing. We certainly don't need more censorship at a time when Bitcoin is coming under attack from the state, especially from a fucking Bitcoin company! What can you do as a miner to help decentralize Bitcoin mining and protect this beautiful thing we have? Educate yourself on the issues with the FFPS model, and what alternatives exist out there. Here are some resources 👇

Bitcoin Magazine

Block CEO Jack Dorsey Leads $6.2 Million Investment Round In Decentralized Bitcoin Mining Pool

Jack Dorsey is backing a Luke Dashjr-led initiative to decentralize bitcoin mining globally with a transparent, non-custodial mining pool.

Fountain

Stephan Livera Podcast • Bitcoin Mining Decentralisation with Ocean - Bitcoin Mechanic (SLP528) • Listen on Fountain

Has Bitcoin’s Mining ecosystem become centralised? What can be done about it? Bitcoin Mechanic from Ocean joins me to talk: Hashers vs Miners ...

Bitcoin Magazine

Are Mining Pools Becoming A Problem?

A thorough analysis of the entire mining ecosystem, from ASICs to mining pools, looking at the systemic risks and issues that exist throughout the ...