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In this episode we're joined by Bitcoin Mechanic to talk about how Ocean Mining is revolutionizing the Bitcoin mining pool concept while fighting malicious attacks on Bitcoin through ordinal and inscription spam.
Key Points Discussed: šŸ”¹ Overview of Ocean Mining Pool's mission šŸ”¹ The growing concern of spam on Bitcoin šŸ”¹ Ethical considerations in Bitcoin mining
What You Will Discover: šŸ”¹ How Ocean Mining is defending Bitcoin from malicious attacks šŸ”¹ Mechanic's insights on mining dynamics šŸ”¹ Future directions for ethical and effective Bitcoin mining practices
Chapters: 0:00 Intro 01:39 Miner Competition Incentives 18:44 FPPS and Mining Pool Payouts 25:13 Being Talked About 28:19 Risk of Mining Centralization 36:13 Wasabi and Censorship 40:05 Ocean and Bitcoin Spam 47:44 The Risk from Ordinals and Inscriptions 58:56 Owning Stars 01:05:21 Satoshis Don't Exist 01:07:51 Scarcity of Block Space 01:12:33 The Attack on Bitcoin 01:16:31 Bitcoin Mechanic's Freedom Footprint 01:23:35 The Ocean Launch 01:25:48 Ocean.xyz 01:40:02 Wrapping Up
Full transcript in the link.