BTC161: Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic (Bitcoin Podcast)
The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network
Stig Brodersen
4.6 • 3.6K Ratings
🗓️ 20 December 2023
⏱️ 98 minutes
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Transcript
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| 0:00.0 | You're listening to TIP. |
| 0:02.0 | Hey everyone, welcome to this Wednesday's release of the Bitcoin Fundamentals Podcast. |
| 0:07.0 | On today's show I have Bitcoin Technical Expert and co-founder at the New Ocean Mining Pool Mr. Bitcoin mechanic. |
| 0:14.3 | Although most people are familiar with the process of Bitcoin Mining Polls, |
| 0:18.2 | many might not be aware of a growing centralizing force that's starting to materialize for pool owners and operators. |
| 0:25.0 | Specifically, the ability of a couple major pools to determine which transactions do and |
| 0:30.0 | don't get included in the blocks, how nearly all require KYC information, and whether there's a better way |
| 0:36.0 | to track how fees are paid out to the ones providing the hash rate. |
| 0:40.1 | Finally, there's been a ton of controversy over ocean censoring of certain transactions, |
| 0:45.2 | and so we talk about all of that and much, much more. This conversation gets fairly technical, |
| 0:50.4 | but I promise you it's well worth your time to understand the risks, the opportunities, |
| 0:55.4 | and most importantly, what the battle for free and open borderless money is all about. |
| 1:00.2 | So with that, let's get to the interview. |
| 1:02.6 | You're listening to Bitcoin Fundamentals by the Investors Podcast Network. |
| 1:10.8 | Now for your host, Preston Pish. |
| 1:14.0 | Hey everyone. |
| 1:17.0 | Hey everyone welcome to the show. I'm here with Bitcoin Mechanic and boy we have a |
| 1:28.8 | hot topic to talk about here there's been quite the buzz in the community over this new mining pool called |
| 1:35.2 | Ocean and here to talk to you about it is Bitcoin Mechanics. So welcome to the show. |
| 1:41.2 | Thanks for having me, man. |
| 1:43.1 | Thrilled to have you, I want to start off with a quote |
| 1:47.4 | from Austin Barnhill, who I just recently got to meet |
... |
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