Well, OCEAN has mined their first block. Can anyone point to a single transaction that didn't get confirmed due to OCEAN's "censorship"?

Didn't think so.

I have other issues with OCEAN as a pool, but so-called "censorship" ain't one of them.

Replying to https://twitter.com/ROWEBOT3339/status/1730667157816582313:

@ROWEBOT3339 No, diminished NGU for Bitcoin is not a downside I was referring to. There are liquidity issues that arise, the issue of "pegging" any decentralized asset to another, centralizing pressures that occur on "high speed" blockchains... The trade-offs are numerous.

Looks like OCEAN found a block. Can anyone point to a transaction that didn't go through because of OCEAN's "censorship"?

Didn't think so.

I have other issues with OCEAN as a pool, but "censorship" ain't one of them.

Replying to https://twitter.com/ROWEBOT3339/status/1730646674429628582:

@ROWEBOT3339 Of course there is downside. There is always a trade-off. We just have different opinions about what constitutes an acceptable trade-off, or else you are ignorant of the trade-offs.

Replying to https://twitter.com/ROWEBOT3339/status/1730636534372581854:

@ROWEBOT3339 So, rather than having a single money that we scale in layers, your solution is to have multiple different monetary assets? So houses might be priced in Bitcoin, but lawn mowers will be priced in Litecoin, and a cup of coffee will be priced in what? Doge?

Replying to https://twitter.com/ROWEBOT3339/status/1730557825628201045:

@ROWEBOT3339 All you end up doing in that case is start showing the inability for Litecoin to scale without causing centralization, just like Bitcoin.

Litecoin has traded off security and decentralization in favor of scalability. It just doesn't know it yet because no one uses it.

Replying to https://twitter.com/itme_brain/status/1730307612871176520:

@itme_brain @reardencode @ocean_mining THIS! 100%

With the vast majority of the hashrate pointed at other pools, there is no way that OCEAN will be "blocking" any transactions.

Sure, they won't be in OCEAN's block, but they'll be in the very next one mined by ANY other pool.

Replying to https://twitter.com/AeccORG/status/1730485233462497408:

@AeccORG @ocean_mining Yes, exactly. There's a limit on the number of outputs that can be part of this transaction, and also OCEAN is limiting it to payouts of at least 1,048,576 sats.

@ROWEBOT3339 Litecoin would be just as bad for small transactions if it had as large a market share as Bitcoin.

Replying to https://twitter.com/ROWEBOT3339/status/1730478555081920621:

@ROWEBOT3339 Bitcoin would be pretty great for small, frequent transactions too, if it only had 160k transactions over the last 24 hours.

Lightning on its own is surpassing that transaction volume daily, and the base chain is doing 400k+ transactions a day.

Replying to https://twitter.com/ROWEBOT3339/status/1730475719656870146:

@ROWEBOT3339 You don't believe Bitcoin can do that. I do. My only point with the price chart is to show that the market seems to disagree with you.

Replying to https://twitter.com/ocean_mining/status/1730467738210959757:

@ocean_mining Well... They'd be in the miners' wallets that have enough of a share of the PoW to be over the payout threshold. The rest of us have to wait until Lightning payouts are live... Sometime next year™.

Cool story, bro. I think the market has spoken. https://t.co/GNUD0nYWS8

Replying to https://twitter.com/bc1pyiannis/status/1730403632476979293:

@bc1pyiannis @ocean_mining So far they haven't found a block, so they haven't censored anything. Presumably, anything they leave out of a block they do find would end up in the very next block, so they still wouldn't have censored anything.

Replying to https://twitter.com/BitcoinOoze/status/1729987349591757223:

@BitcoinOoze @ocean_mining Too ambiguous to answer in a tweet. Will you be using the waste heat? Do you have the appropriate power service for a beefier ASIC? What's your price/kWh for energy?

Replying to https://twitter.com/derekm00r3/status/1730262425696432189:

@derekm00r3 @ocean_mining Moreover, I will wait to see if they are weeding out OFAC sanctioned addresses or Ordinals until they actually find a block.

Replying to https://twitter.com/derekm00r3/status/1730262425696432189:

@derekm00r3 @ocean_mining Question, my friend. What happens to a transaction that OCEAN leaves out of a block they mined?

Oh... It remains in the mempools and likely gets included in the next block that any other pool mines. Real effective censorship, eh?

Replying to https://twitter.com/RickBakas/status/1730092348850512227:

@RickBakas @ocean_mining Cart before the horse, my dude. Pools don't usually sell miners. Check out @kaboomracks to get you hooked up with the hardware first.

Replying to https://twitter.com/AeccORG/status/1729918736558141610:

@AeccORG @ocean_mining It's non-custodial for miners who will be receiving 1m+ sats paid directly from the block reward to their address, but custodied for the majority of us plebs until we can build up enough sats to be over the threshold for payout, or lightning goes live, whichever comes first.

Replying to https://twitter.com/Lewified/status/1729934522291011840:

@Lewified @ocean_mining Don't worry. The 0% fees will be ending after the first couple months. And they assure us that we will "want" to have fees.