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Dutch Shaefer’s Humble Fan Heat punk 🔥🤘 Node runner
Replying to Avatar Dikaios1517

Here's how I understand it, and nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr can correct me if I have anything incorrect.

Pool-mining normally requires the pool to create the block templates using their node, which are sent out to the miners on the pool to hash. Any block found is then sent to the pool and broadcast out to the network using their node. The template they send to the miners does not include any kind of reward split, because ALL of the rewards goes to the pool, and they internally credit sats to each miner's account, after taking their fee.

DATUM changed this whole dynamic. Miners on nostr:npub1qtvl2em0llpnnllffhat8zltugwwz97x79gfmxfz4qk52n6zpk3qq87dze that are using DATUM are not getting a block template from the pool at all. They are connecting their miners to their own Bitcoin full-nodes to get block templates to hash, and if their miner finds a block, their own node will broadcast that block to the network. As such, they are solo-mining, since there is no need to send the block to the pool for it to be broadcast using the pool's node.

The only thing that DATUM requests from OCEAN is a reward split. This is entirely voluntary, though. They could just give themselves the entire reward. However, this means that OCEAN would exclude them from the reward splits that other miners are including in their block templates. OCEAN knows how much should go to each miner because DATUM sends OCEAN the valid shares they produced. Part of those shares being considered valid by OCEAN is that they are using the reward splits provided to them, rather than lottery mining by only paying themselves the reward from any block they might find.

Ok, so if I understand that correctly, Datum flow assumes that miners behave honestly. What if there are bad actors that would join Ocean with their own Datum servers and then when block is found included only their address in coinbase? Is that even an attack? Does that rouge miner win anything? Does it disrupt Ocean’s operations? At first glance I do not see any incentive for bad actors to act like that. Not sure if I miss anything.

https://ocean.xyz/docs/datum

I bet my city Mayor would pay around EUR 2mil for such an outstanding piece of art.

🤌💩

Replying to Avatar Slick

Great! You’re a heat punk now!

🫡

Short list of macro/ geopolitical podcasts I listen to

Jacob Shapiro

https://fountain.fm/show/CAfHOEVuC67nNAlS2EkQ

Soon there will be separate show with Marco Papic

Alf

https://fountain.fm/show/tWge61uB7t7mVI05oF1L

Preston Pysh

https://fountain.fm/show/JrDb3urY8o1C9UclELhV

There are quarterly reviews of global liquidity with Matthew Mezinskis and Bitcoin Mastermind Discussions , apart of other interesting stuff.

They are silent guardians, watchful protectors. Dark knights.

🫡

Pompliano is one of those guys in “crypto sphere” I really would not recommend, to say it lightly. I was frequent listener of his podcast some time ago and I remember his great interviews with such great visionaries and enterpreneurs like SBF, Do Kwon. I think Solana and Cardano were also at play there. Those must have been such a great opportunities. No risk. SAFU.

Yeah, of course, he also had some positive persons interviewed but let me just remember him for his reckless shill on shitcoin scams.

🖕🖕🖕

GONGO

Government Owned Non Government Organizations

🤡🌍

Replying to Avatar Gigi

GM

GM and GN

I think I had this enlightening moment in 2020 when lockdowns happen and everyone started printing en masse and I thought “no, this will not help at all, what are they doing?” Then I started looking for sources to understand what is the scale of the problem and by accident I discovered Bitcoin, Austrian Economisc, Larry Leppard, James Lavish, Lyn Alden, Gigi, James Check as well as some smart guys from tradFi or geopolitics Alfonso Peciatello (MacroAlf), Jacob Shapiro.

So it has been 5 years of detox and I am clean, happy and humble to say I still know shit.

Well, I am Master in Economics and honestly I can tell that my diploma is worth fuck all (apart from some hard math classes like statistics or econometrics). I am currently learning it again from scratch.