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44 sats \ 2 replies \ @028559d218 5h \ on: OCEAN mining pool - Bitcoin Mechanic here - AMA AMA
Do you think Foundry miners (sorry hashers) will eventually recognize the damage they are doing to Bitcoin? Will they eventually choose to leave once they see the damage they do to censorship resistance?
I saw this a few hours ago and it's the only thing concerning me about Bitcoin long term (foundry 7 blocks in a row)
Thank you
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100 sats \ 1 reply \ @BitcoinMechanic OP 5h
No, I think if/when they leave it'll be because FPPS just becomes unsustainable for the pool. It's overkill as far as variance reduction goes to such an extreme degree that miners at some point get fed up paying for it. Sadly clown world economics persist and as a result money finds its way to places it shouldn't.
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0 sats \ 0 replies \ @028559d218 4h
Thank you so much. Keep up the great work at Ocean... hopefully the Foundry people get with the program and diversify.
I've never heard of/read about a 7-block reorg, but it would cause final settlement to default to 7 blocks totally self-inflicted
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