Author: Peter Todd 2015-12-28 20:02:21
Published on: 2015-12-28T20:02:21+00:00
The discussion on the bitcoin-dev mailing list centered around the potential impact of KYC and DRM technology on block withholding attacks, which can be used to prevent dishonest behavior in mining pools. Emin Gün Sirer argued that such measures would negatively impact decentralization, as they would require identity verification and locked-down equipment, making it harder for new players to contribute hashing power and potentially centralizing control over the network. He also noted that some proposed solutions, such as Luke-Jr's idea of a secret k for each share, would require changes to the Bitcoin PoW. Ultimately, the thread emphasized the need for better mechanisms to keep mining pools in check without stifling innovation and decentralization.
Updated on: 2023-06-11T02:29:58.126989+00:00