Read_702 – FediPools as a Solution to Centralization Risk [Marty Bent]

“If Fedipools prove to be viable we could find ourselves in a world where bitcoin mining pool centralization risk is significantly reduced and the worries that many have today cease to exist. By creating a federation of different miners who act as guardians of a mint dedicated to producing blocks and distributing rewards you create a completely new and more robust incentive model at the pool layer.” – Marty Bent

Today we dig into another Bent by good ol’ uncle Marty on a potential and exciting solution laid out by Matt Odell to the mining pool centralization problem. What if we could use Fedimints, a federated network for payment privacy, as a way to distribute and protect the incentives in operating a mining pool? Listen to find out more.

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“A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990’s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them. I think this is the first time we’re trying a decentralized, non-trust-based system.” – Satoshi Nakamoto
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