THE MINING POD: Is Bitcoin Mining Centralized? With Peter Todd

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CoinDesk

Business News, Daily News, News, Tech News

4.7 • 698 Ratings

🗓️ 7 May 2024

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

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Summary

Bitcoin core developer Peter Todd joins The Mining Pod to discuss mining pool centralization threat vectors, MEV on Bitcoin, JPEGS, and hidden attacks to Bitcoin. Follow along on your favorite podcast player of choice by clicking here. We headed down to Bitcoin ++ in Austin, Texas last week to discuss all things Bitcoin development, and it turns out mining is a big part of that! We sat down with Peter Todd, a Bitcoin core developer with extensive work on decentralizing Bitcoin’s tech stack. We dig into pool centralization threats, the what and if of miner extractable value on Bitcoin and what he thinks of JPEGs on Bitcoin! Chapter Markers: 00:00:00 Start 00:02:35 Open Timestamps does election fraud 00:07:19 Timestamp the internet? 00:08:19 Peter Todd Intro 00:10:45 Antpool block template use 00:16:33 Does Stratum V2 solve pool control? 00:17:18 Ocean Pool 00:18:19 Developers Incentivisation 00:20:19 Mining Testnet 00:21:30 Resetting Testnet 00:21:56 Ordinal Streisand Effect 00:24:16 OP_RETURN 00:24:58 1MB Runes incoming w/ Libra Relay? 00:28:23 MEV is dangerous 00:30:35 RBF transactions 00:31:20 MEV types 00:32:53 Libra Relay vs Core filters 00:34:50 Libra Relay is a political project 00:36:10 Suggestions for miners 00:37:36 OP_CAT 00:42:40 OP Code prediction Published twice weekly, "The Mining Pod" interviews the best builders and operators in the Bitcoin and Bitcoin mining landscape. Subscribe to get notifications when we publish interviews on Tuesday and a news show on Friday! 👉 Check out Bitcoin Season 2 and The Gwart Show. 👉 Watch our newest documentary, The Big Empty! 👉 Watch our livestream on Samourai Wallet! Follow our host on Twitter, @wsfoxley. - Thank you to our sponsor, CleanSpark, America’s Bitcoin miner! And thank you to Foreman Mining, Master Your Mining! "The Mining Pod" is produced by Sunnyside Honey LLC with Senior Producer, Damien Somerset. Distributed by CoinDesk with Senior Producer Michele Musso and Executive Producer Jared Schwartz. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:45.6	That's audible.com slash Wondery, UK.
0:49.7	Hey, welcome back to the mining pod.
0:50.9	On today's show, we are joined by Bitcoin core developer Peter Todd.
1:00.0	We recorded this conversation down at Bitcoin Plus Plus last week in Austin, Texas, along with my co-host Charlie Spears.
1:12.3	We basically went through mining pool centralization. And should Bitcoin miners be concerned that a lot of the hash rate is now flowing to Ant Pool and Foundry, mostly AMP pool, by looking at a lot of these different disbursements to Bitcoin miners and Bitcoin mining holding addresses. So we went through that with Peter Todd.
1:18.1	Thank you to him for joining the show. And thank you to Bitcoin Plus Plus for opening up the venue
1:21.9	for us to record. We have a little more content from Bitcoin Plus Plus coming up as well,
1:27.1	including some stuff that's already live on our Twitter account.
1:30.7	Okay, before we get into the show, we want to thank our sponsors, Clean Spark, America's Bitcoin Miner and Foreman Mining, Master Your Mining.
1:37.4	Thank you to both these sponsors for making the show possible, and you'll hear more from them in a little bit.
1:42.9	Okay, before we get into the show, we also want to push
1:45.0	the Blockspace podcast network where we have two other podcasts that are growing pretty quickly.
	...

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