BTC161: Decentralizing Bitcoin Mining Pools w/ Bitcoin Mechanic (Bitcoin Podcast)

Preston Pysh sits down with Bitcoin Mechanic to discuss Ocean's disruptive mining pool model, emphasizing non-custodial payments and transparent block templates. They tackle the current mining centralization trend, the innovative PoW marketplace for 2024, and respond to the controversy around the alleged censorship of certain Bitcoin transactions. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 18:24 - The significance of transparent block templates in mining. 18:24 - Details of Ocean's upcoming proof of work (PoW) marketplace. 29:00 - The impact of miners constructing their own block templates. 37:35 - Ocean's response to the community's concerns about transaction selection. 49:50 - The arguments for and against transaction censorship in Bitcoin. 56:59 - Ocean's unique non-custodial payment system for miners. 01:15:57 - The role of centralization in the current Bitcoin mining ecosystem. 01:15:57 - Insights into the potential future of Bitcoin mining and network security. Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Check out Ocean mining pool at ocean.xyz. Bitcoin Mechanic on Twitter. Check out the books mentioned in the podcast here. NEW TO THE SHOW? Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel Learn more about your ad choices. Visit megaphone.fm/adchoices