Global Feed Post Login
Replying to Avatar Derek Ross

Ordinal Inscribers are now paying Bitcoin mining pools to construct blocks for them with zero or minimal financial transactions, so that all of their images get inscribed in sequential order. They are not using the normal block construction methods. They are including these in the next block over the counter or behind closed doors. This has happened 3 times so far with 3 different pools. Luxor, Foundry, and the latest one was from Terra Pool. These out of band blocks are creating a secondary marketplace outside of Bitcoin's normal block construction methods. Miners are now talking about selling blocks before they are found. Thoughts?

Avatar
RobOK 🔸 2y ago

Out of band transactions seem like a bad bad thing. Not sure how to stop any of it though- people are technically using the Bitcoin protocol as defined. It’s a good test. Bitcoin will survive

Reply to this note

Please Login to reply.

Discussion

a1
Another person of uninterest 2y ago

Out of band tx break the trust bond between miners and pools. The reason miners can trust pools is that the fees are right there, easy to audit.

Miners need to take a stand before this becomes the norm.

Thread collapsed