BoringBTCNYB's avatar
BoringBTCNYB 6 months ago
Sure, but why do the pools centralize? Because no one wants to float the capital required to sustain an FPPS payout structure, which the vast majority of hashers demand. This is a problem of incentives not protocols. A potential solution to the problem: spin up an FPPS pool that sells Bitcoin bonds to raise capital to float the variance risk then pay your bonds out with a fraction of the puny margins that mining pools operate on. Until then Ocean et al are just LARPing. I support their ability to LARPing, but there should be no illusions that they’re attacking pool centralization.

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Pools centralizing isn't the problem. Polls controlling what the miners mine, *since* they centralize, is the far more concerning issue. In other words, if a pool couldn't attack the network even if they have 60% of the hash power, then the existence of the pool isn't that big of a deal. This is the point of DATUM.