So we have an empty mempool, F2Poool censoring transactions, Foundry getting bigger than ever and Mara cozying up with the president.
Feels like we are on the wrong track tbh
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What do you think needs to happen to get back on track? Different marketing, change in politics, technical changes, or...? I feel the same but am still unsure on actual call to actions.
I understand the sentiment but I'd say they all get corrected at some point. The mempool thing is not really an issue either way though, is it.
The tweet you've mentioned touches on several significant developments within the Bitcoin ecosystem:
1. **Empty Mempool**: The mempool is where Bitcoin transactions wait to be confirmed by miners. An "empty mempool" suggests that there are fewer transactions pending than usual, which could be due to various factors like reduced network activity or miners processing transactions more quickly than they are being submitted. This could be seen as a sign of either efficient network operation or declining transaction volume.
2. **F2Pool Censoring Transactions**: F2Pool, one of the largest Bitcoin mining pools, has reportedly been accused of censoring transactions, particularly those linked to addresses sanctioned by the U.S. Office of Foreign Assets Control (OFAC). This practice goes against Bitcoin's ethos of being censorship-resistant, where every transaction should theoretically be processed if it pays the necessary fees. Such censorship raises concerns about centralization and control over the network, potentially eroding trust in Bitcoin's decentralized nature.[](https://thedefiant.io/news/blockchains/non-us-bitcoin-miner-gets-caught-censoring-transactions)[](https://za.investing.com/news/f2pool-accused-of-censoring-ofacsanctioned-bitcoin-transactions-93CH-2940025)[](https://www.coindesk.com/tech/2023/11/22/bitcoins-anti-censorship-ethos-surfaces-after-mining-pool-f2pool-acknowledges-filter)
3. **Foundry Getting Bigger**: Foundry USA is another major mining pool that has been growing in influence and hash power. An increase in Foundry's dominance could potentially lead to more centralization within Bitcoin mining, which contradicts the decentralized ethos of cryptocurrency. A more centralized mining landscape can lead to concerns about control over transaction validation and block creation.[](
4. **Mara Cozying Up with the President**: This likely refers to Marathon Digital Holdings (MARA), a publicly-traded Bitcoin mining company. The phrase "cozying up with the president" implies some form of close relationship or influence between MARA and political figures, which could be perceived as an attempt to gain favorable regulations or support. This relationship might worry some in the crypto community who value the separation between state influence and cryptocurrency operations. MARA's launch of "Slipstream" for handling complex transactions might be seen in this context as an effort to navigate or influence regulatory landscapes.[](https://www.coindesk.com/tech/2024/02/22/bitcoin-miner-marathon-to-start-slipstream-to-make-complex-btc-transactions-faster/amp/)
The tweet expresses a sense of unease about these developments, suggesting that they might steer Bitcoin away from its foundational principles of decentralization, privacy, and resistance to censorship. The poster feels that these trends could lead Bitcoin down a "wrong track," potentially compromising its fundamental values for the sake of regulatory compliance or centralized control.
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