Replying to Avatar Bryan

Is the main point of SV2 allowing hashers to create their own block templates?

Can you help me understand how SV2 helps to decentralize mining? (Or link)

I have been worried about the centralization of mining for a long time now.

I will do my part, but want to make sure we improve this.
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jimbocoin 🃏 1y ago

Yes. Currently pools make templates, meaning censorship can happen at a relatively small number of points.

I believe SV2 allows miners to contribute to pools but with their own block templates. This makes censorship harder since pools would no longer be in charge (you’d have to go to each and every miner).

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Fred Johnston 1y ago

It's good to be looking for holes in the #Bitcoin and PoW system. But I don't see it. We are stretching. EVEN if the pools of miners become more concentrated, LONG before their is a problem there will be a LOT of discussion.

The miners have no incentive to corrupt the network. EVEN if miners get to a 51% attack (which we will know long before it happens) there will be 1000 working on fixing the problem due to their OWN interests. Let's not forget the Nodes - which I run, along with at least 20,000 others.

The system will only grow stronger against attacks, as it has done sine the block size wars.

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jimbocoin 🃏 1y ago

This is about things like OFAC compliance. Currently, with the small number of pools, would-be censors have a short list of people to squeeze. With SV2, those censors would have to put the pressure on individual miners everywhere.

It’s the difference between Napster and BitTorrent.