Quote from: o_e_l_e_o on December 17, 2022, 01:34:18 PM

Quote from: ETFbitcoin on December 17, 2022, 12:05:13 PM

Rather than proposing complex mechanism, isn't it more practical to revive P2Pool (decentralized pool) and encourage miner to use decentralized pool?

There are also protocols such as Stratum V2 which should be encouraged which allow miners in big pools to decide for themselves which transactions to include in their candidate block.

IIRC it require pool owner to enable such feature manually, so IMO it's not really useful.

Quote from: LegendaryK on Today at 02:09:36 AM

Quote from: ETFbitcoin on December 17, 2022, 12:05:13 PM

Quote from: LegendaryK on December 17, 2022, 08:45:25 AM

And how long do those 3 mining pool operators need to doublespend to destroy trust in BTC.
Less than ½ hour,
and if they are on an exchange or markets that lets them short BTC or short companies that own BTC,
they could become insanely rich in a single day, and no longer need to run a mining pool.

1. 0.5 hours would be difficult since some exchange require 6 confirmation.
~~2. Huge withdraw usually is reviewed manually or checked more thoroughly by the system.~~
Does not Matter, all that matters is a doublespend happens, and trust is lost. Amount is irrelevant. Fiat Price crashes.
~~3. Unless they swap BTC for decentralized altcoin, they face risk their fiat or altcoin frozen or reversed.~~
Does not Matter, all that matters is a doublespend happens, and trust is lost. Amount is irrelevant. Fiat Price crashes.
~~4. They'll be arrested unless they could secure cooperation with various corrupt government worker.~~
Doubtful you know who they are, or they claim they were hacked.

Some exchanges only require 1 and many only require 3, which is why less than ½ hour was listed.
Plus the money can be made shorting bitcoin in different ways.

Your initial claim is "they could become insanely rich in a single day", so point 2-4 matters a lot to them (the one who perform double spend). And about point 4, exchange definitely have some data of account used to short BTC.