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From: Eric Voskuil <eric@voskuil.org>
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Date: Mon, 6 Sep 2021 10:26:00 +0200
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To: "David A. Harding" <dave@dtrt.org>
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Cc: Bitcoin Protocol Discussion <bitcoin-dev@lists.linuxfoundation.org>,
Billy Tetrud <billy.tetrud@gmail.com>
Subject: Re: [bitcoin-dev] Braidpool: Proposal for a decentralised mining
pool
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Switching pools has always been possible. But the largest pool is the most p=
rofitable, and centralized pools are easily controlled. Decoupling selection=
without decoupling payout is an engineering change without a pooling pressu=
re change.
e
> On Sep 6, 2021, at 10:01, David A. Harding <dave@dtrt.org> wrote:
>=20
> =EF=BB=BFOn Mon, Sep 06, 2021 at 09:29:01AM +0200, Eric Voskuil wrote:
>> It doesn=E2=80=99t centralize payment, which ultimately controls transact=
ion selection (censorship).
>=20
> Yeah, but if you get paid after each share via LN and you can switch
> pools instantly, then the worst case with centralized pools is that
> you don't get paid for one share. If the hasher sets their share
> difficulty low enough, that shouldn't be a big deal.
>=20
> I'm interested in whether braidpool offers any significant benefits over
> an idealized version of centralized mining with independent transaction
> selection.
>=20
> -Dave
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