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:
š¹ Overview of Ocean Mining Pool's mission
š¹ The growing concern of spam on Bitcoin
š¹ Ethical considerations in Bitcoin mining
What You Will Discover:
š¹ How Ocean Mining is defending Bitcoin from malicious attacks
š¹ Mechanic's insights on mining dynamics
š¹ 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.