Seems like very few care.
Memes about water are more important right now.
Looks like they're doing their way of censoring blocks too.
Anyways if ocean is registered in us and there will be censorship forced by us law what they can do about it?
This thing bothers me hard since yesterday.
What's the point of bitcoin if censorship of specific transactions can be forced on miners and majority of hashrate will be forced to obey?
Did we already lost?
I have difficulties to track all of that and explaining it to someone not familiar is even harder.
Is there a web page tracking and agregating all cool features that are built based on nostr?
I'm thinking about utilities not clients?
Npub has no nationality.
GM citizens of Nostr. ☕
The orchestra plays so loudly that no one heard the iceberg hit.
Did Bitcoin mining change forever yesterday 🤔
Hey nostr:npub1zmc6qyqdfnllhnzzxr5wpepfpnzcf8q6m3jdveflmgruqvd3qa9sjv7f60 l, @npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk, and @npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr, I watched the announcement yesterday but came away with a lot of unanswered questions that I'll detail below. I would legitimately love to hear the answers to these if at all possible!
How is Ocean non-custodial for the average miner?
On the stream it was mentioned that payout thresholds are 0.0108 BTC (but nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr was unsure), a number that would take a pleb miner with an S9 ~470d to reach.
Until he reaches that payout point, all of his mined sats seem to be entirely custodied by Ocean.
How does Ocean decentralize mining today?
I was so excited by the teases and pre-announcements for Ocean as it sounded like exactly what I wanted in a Bitcoin pool. Unfortunately, it sounds like all of the decentralization possible is yet to be release, including StratumV2 and any ability for miners to submit block templates themselves.
Did I miss anything that makes Ocean more decentralized than other pools today?
Why is Ocean not open source?
If Ocean is as revolutionary and decentralizing as it's being made out to be, wouldn't the best thing for Bitcoin be that all pools switch over time to the same mode?
If so, why isn't Ocean open-sourcing any of it's protocol or code? In the announcement it seemed that nostr:npub1wnlu28xrq9gv77dkevck6ws4euej4v568rlvn66gf2c428tdrptqq3n3wr was bragging that no competitor would be able to "reproduce" their lead dev's code, thus keeping their competitive edge.
There was no mention to my knowledge of open source, but it's possible I missed it!
What guarantee do miners have that you won't censor transactions?
As miners cannot submit their own block templates right now and the source is not open code, miners have to rely on manually checking a visual block template on your site to find censorship.
nostr:npub1lh273a4wpkup00stw8dzqjvvrqrfdrv2v3v4t8pynuezlfe5vjnsnaa9nk has a history of censoring what he viewed as "spam," and there was a lot of time spent in the conference talking about how bad Ordinals are and how bad pools are that mine them.
What guarantees or promises do miners have that you won't censor transactions you don't like?
How will Ocean handle regulatory pressure to enact KYC?
In the event that regulators of the Feds come knocking and want you to implement KYC (as seems to be the case with other pools), what will you do?
What will Ocean's fee model be after the 0% period?
There was a lot of talk about how most pools subsidize larger miners and charge exhorbitant fees to smaller miners during the conference. One thing that wasn't ever mentioned was what Ocean's fee policy will be after the 2mo 0% fee period.
Could you explain how the fee model will work?
Conclusion
That's enough questions for now, I think, but I look forward to getting answers to these! We have a desperate need for decentralized mining in Bitcoin and a massive gap today.
I look forward to hearing back 🙂
Good and important questions. Thank you for posting them.
Based on recent F2Pool ofac based TX censorship.
If most of hash rate is centralized in big pools/institutionals from us what stops govt to force them to censorship any transactions under threat of financial penalties or charges?
For ex. 'you cannot process transaction to non-KYCed bitcoin address'.
I guess UE would happily hop on that train too.
Are my concerns correct?
OCEAN solves this?
I'm driving same since a year. It's best android experience you can get.
More of that coming sadly.
We should be focusing on fixing privacy on Bitcoin, avoiding censorship of transactions and ofac regulated btc mining, build more ways to obtain non-KYC BTC.
Empowering entrepreneurs to accept btc as payment method, building circular economy, spread the knowledge.
Not fucking starring at charts.
ETF on Bitcoin or any other institutional ways of laying their hands on Bitcoin is not the kind of adoption growth we need or should be cheering about.
Reactions that I observe on every price spike on Bitcoin shows that there is still a lot of orange painted fiat maximalists in here.
You just want to lure as much people as possible and drop your bags exiting to USD.
Like a proper shitcoiners do.
I've just reminded myself about this badges craziness that was happening here a while ago.
Best Ukraine war video I've seen
https://video.twimg.com/ext_tw_video/1729559853658443776/pu/vid/avc1/320x266/6tSHZX1IvniW40Ip.mp4
Make love not war
I'm trying to sell my workstation since I don't need it anymore and it's still a beast.
People on all those second hand markets are so fucking annoying.
Probably you still believe 2000 was 10 years ago.
It always been there.
Instagram is the most harmful social media of them all.