🫡🟧 #bitcoin #plebchain #bitaxe
It's time for Lightning⚡️ and it's time for BOLT12🔩
As of today, OCEAN miners can attach a BOLT12 offer to their #Bitcoin address and get paid out over Lightning!
BOLT12 offers allow us to request multiple invoices for any amount while only requiring the miner to set things up once.
Miners simply sign a message containing the offer using the private key associated with their Bitcoin address.
Using BOLT12 also allows us to prove to the world that a payment was made, the size of the payment, the node to which it was paid, and that it was paid by us.
This means we can continue to offer fully transparent and verifiable pooled mining while no longer being restricted by the base layer!
Using the Bitcoin stack to its fullest is how we eliminate the need for trust and bring sovereignty to mining.
Discussion
Lightning is really important for decentralization. When blocks MDKs are coming online en masse we have to conquer a large percentage of the hashrate across the globe. In the Netherlands we’ll keep our focus on excess and heating as we already have been doing. It was not feasible for people at home before. It soon will be.
100% agreed. Decentralization of mining is very important and I believe it will accelerate in the not too distant future also thanks to #bitaxe project. Todays possibilties for the #pleb to do and be part of #bitcoin are tremendous.