Replying to Avatar Rigly

Rigly was born of 3 determined founders and has a connection to Chaincode Labs, a Bitcoin research and development center in New York City.

One of our co-founders is Adam Jonas, CEO of Chaincode Labs. He was the one to suggest multisig on-chain escrow.

This is how our hashrate marketplace was born. But it wasn’t a new idea.

We just use the same approach for mining that has worked since bitcoin's early days where 2 parties want to trade with each other, but can't trust each other.

With our 50/50 escrow, miners have incentive to sell their hashrate and buyers also make a good investment. 🤝

https://rigly.io/learn/rigly/our-story

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epsql 11mo ago

I was just reading about the "why" of Rigly on your blog, very interesting stuff.

One thing which isn't clear to me is the following: if we expect increasing total hashrate and therefore increasing difficulty, wouldn't buying hashrate forwards be generally unprofitable? Or maybe this assumption doesn't make a lot of sense?

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