Replying to Avatar ODELL

the two largest bitcoin mining pools in the world - Foundry USA and Antpool - require identity verification on all miners that use them

53% of global bitcoin hash rate has been doxxed between these two pools...
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Rijndael 2y ago

53% of blocks are constructed by entities that have ID verification on their miners. We need StratumV2.

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Sjors Provoost 2y ago

We do, but in this case we just need miners to use a different pool.

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Rijndael 2y ago

In the foundry case, i think its hard for those miners to switch pools

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Sjors Provoost 2y ago

I'm not worried about Foundry knowing about their own miners, but I am worried about a pattern of US miners seemingly feeling the need to use a KYC pool.

But then I've always been in favor of keeping US hash rate below 10% and cynically applaud the likes of senator Warren whenever they come up with another economic suicide plan with that effect.

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Time Bandit 2y ago

I thought I was the only one.

They want to "protect" us from ourselves so bad, maybe we should let them.

Then they can finally learn the consequences of their ideas.

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Chris Monetary Maximalist Eleutheropraxeology 2y ago

Why hard for those miners to switch pools?

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Rijndael 2y ago

They’re regulated US companies. The reason they use foundry is because foundry handles all the checkboxes that they need.

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Sjors Provoost 2y ago

And therein lies a very serious problem. Too much hash power in Checkboxistan.

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Sjors Provoost 2y ago

And more pools with the same checkboxes isn't going to help.

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Léo 2y ago

Isn’t Foundry using StratumV2?