BitcoinAlchemist on Nostr: Mining pool game theory for censorship resistance is non-trivial. Your bitaxe or army ...
Mining pool game theory for censorship resistance is non-trivial. Your bitaxe or army of bitaxes will not stop compliant pubcos and pools from orphaning your blocks filled with blacklisted transactions.
For that you need substantial hashpower (+30% of global hashrate) to ensure non-OFAC compliant transactions are able to be settled.
That means big international miners cooperating to resist censorship, and big pools resisting censorship. It’s not as simple as virtue signalling with a desktop toy if you are actually considering the ramifications of state censorship of the base layer.
https://bitcointalk.org/index.php?topic=312668.0
For that you need substantial hashpower (+30% of global hashrate) to ensure non-OFAC compliant transactions are able to be settled.
That means big international miners cooperating to resist censorship, and big pools resisting censorship. It’s not as simple as virtue signalling with a desktop toy if you are actually considering the ramifications of state censorship of the base layer.
https://bitcointalk.org/index.php?topic=312668.0