Gm, Bitcoin mining pool payouts should be in ecash so that the submitted work and reward can be decoupled for increased privacy and simpler accounting.
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Replies (16)
Good morning, Calle!
GM this is a good idea
GM 🧡
Why not bolt12?
GM. Sounds nuts.
Wasn't the stratum protocol invented so we can mine in pools without trust.
Why should we give pools that trust? Imo historically speaking we shouldn't.
You can still put your Bitcoins in Ecash afterwards if you like to.
GM ☕💜
GM🧡☀️
I agree, but what do you think of the BOLT12 integration done by Ocean, is that private enough. I also spoke about a way to have Silent Payment addresses implemented, but I think Luke says it's kinda like a nothing burger (I am giving a watered down version of what he said, of course)
All of these options are cool but they don't address the issue. Only ecash can truly unlink the work from the payout.
This can increase network security as well!
Compared to onchain distribution of rewards, ecash would allow small miners with otherwise insignificant hash power. They would have rewards below the dust level and go for custodial solutions with centralized block templates.
GM PV Fren
LIVE FREE, Fix the money fix the world
@Luke Dashjr FYI
Ecash tokens for shares do not materially improve pool privacy View quoted note →
GM 💜
because it's limited availability!! mainly only CLN has it, working correctly... phoenixd has bolt12 but doesn't work on ocean for example!