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106 sats \ 4 replies \ @aeonBTC 25 Mar \ parent \ on: OCEAN's Jason Hughes shares weird details about the two-block reorg bitcoin bitcoin_Mining

So all miners are submitting their shares to a centralized pool operator.

Hence why its not decentralized.

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111 sats \ 3 replies \ @Filiprogrammer 25 Mar

The block templates are constructed by each individual miner.

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9 sats \ 2 replies \ @aeonBTC 25 Mar

That doesn't make Ocean decentralized. Ocean has can reject the template or shares you submit to their pool server. The state can easily target Ocean and mandate conditions on what temaplates/shares they accept. This is what we call a central point of failure.

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4 sats \ 1 reply \ @Filiprogrammer 25 Mar
Ocean has can reject the template or shares you submit to their pool server. The state can easily target Ocean and mandate conditions on what temaplates/shares they accept.

Yes they could.
But they cannot stop a miner from broadcasting a valid block.

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132 sats \ 0 replies \ @aeonBTC 26 Mar

Any interventions imposed on Ocean would be enforced before any block is found. Like any centralized pool, condition can be put on the operators before anyone is even allowed to join the pool, let alone mine a block.

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