The real problem with mining is 35% of the hash rate is controlled by public, regulated US miners on a KYC pool who 100% will censor transactions if asked to.
It's an actual 51% attack happening in real time.
We cannot allow this
Discussion
Agree! My real frustration is that ocean overall should be CLEARLY WAY BETTER than current KYC pools; so why even go down this controversial path for a personal vendetta to achieve“filtering spam”? You’re missing the real goal.
This is very not good. Very very not good. They want our sats bad and we are handing them the keys.
STOP USING KYC SERVICES
their convenience is fatal.
In the end there will be only bitcoin.
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The Middle East and Russia are behind when it comes to hashrate but given their massive energy reserves, this won’t be the case for long. The hashrate will become more globally distributed over time but will centralize amongst those with the greatest energy density
If there was a "we" that could choose to allow this or not, it would just perpetuate the same problem.
I agree it's a problem. It's not going away quickly. Bitcoin metamorphosising in response to it is inevitable.
We can not allow it by mining more ourselves and reducing their share of the pie, and building miners that are friendly for everyday ppl to run imo
Yup đź’Ż
This trap will likely spring in the near future.
Interesting that no one seemed ready for this, seems bloody obvious with the way things are going
Although it won’t happen as people will point their hashing elsewhere
Totally… I have no money to buy a mining rig, if I would have I would run it rn!!
What else can we do?
It would be bad for their business if they did