Post
Topic
Board Bitcoin Discussion
Re: Jack Dorsey wants to decentralize Bitcoin mining with new investment
by
348Judah
on 29/11/2023, 13:33:41 UTC
Let us make it not long.

It is about the mining pool to be called Ocean that Jack Dorsey has raised funding for to.

After a mining pool mine a block, the mining pool have the reward before paying miners that join their pool. But with Ocean, the sharing of reward is going to be decentralized in a way not the pool that will first have the coins, but the reward will be shared in a decentralized way.

https://cointelegraph.com/news/jack-dorsey-raise-decentralize

But is this necessary? I am thinking it is a good idea, but what about you people. Is it a good ideas?

This is not necessary to me, we know Jack Dorsey, we know about his reputation and business, he's coming to claim that he's going to offer something he himself is not capable of, what is the decentralization that can comes in with anything that has to do with someone like Jack Dorsey, maybe we shouldn't be too far fetched in being decieved by those that always try to show they are helping whereas the profits is to their own pocket.