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-decentralizeBut is this necessary? I am thinking it is a good idea, but what about you people. Is it a good ideas?
Stupid excuse to start a funding project. I'm sure someone else could build this without needing a penny.
The truth about Jack Dorsey is that he has come from the web2 world thinking that he will be web3 genius, but everything he has created resembles web2 in some way, and nothing innovative or special when you look at it from a web3 perspective. He clung on to Bitcoin as it was easiest to comprehend, but he is struggling to innovate. Now he has settled for this somewhat pointless objective to garner investments for something that a group of talented individuals here or elsewhere could probably build themselves if they put their minds to it.
This might serve well for large mining operations in the US or elsewhere, but it does not need investment to be created nor does it need to be a commercialized product. I doubt Dorsey will make it open source, but it very well should be - or even built into the protocol itself.