The Most Important Project in Bitcoin (You probably haven't heard of)

<p>What is the most important project in Bitcoin? It isn't BIP 110 or some shiny new payment protocol. We actually have a massive security vulnerability sitting at the base layer: Bitcoin mining isn't really mining anymore.</p>
<p>Right now, we have millions of hashers but barely a handful of real miners deciding what transactions make it into a block. And that means a few centralized pool operators could easily censor the network.</p>
<p>In this Take, I explain why the critical distinction between a hasher and a miner matters. But more importantly, I outline how newer protocols are finally fixing a decade-long mistake.</p>
<p><strong>Chapters</strong> </p>
<p>(00:00:00) - The most important project </p>
<p>(00:00:29) - Hashers vs miners </p>
<p>(00:01:35) - Pools choose transactions </p>
<p>(00:03:06) - The few pools who can censor </p>
<p>(00:04:21) - Nodes and block templates </p>
<p>(00:06:15) - Holding your own keys </p>
<p>(00:06:55) - Datum and Stratum V2 </p>
<p>(00:08:50) - The single giant pool risk </p>
<p>(00:11:31) - Spam, Slipstream, BIP110 </p>
<p>(00:13:22) - Ocean, DMND, and what's next</p>
<p><strong>Affiliate Links</strong></p>
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<p><strong>Host Links</strong> </p>
<p>⁠Guy on Nostr ⁠(Link: <a href="tinyurl.com/2xc96ney">http://tinyurl.c…;) </p>
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<p>Guy's Takes on YouTube (Link: <a href="youtube.com/@GuysTake">https://www.you…;) </p>
<p>Guy Swann on YouTube (Link: <a href="youtube.com/@theguyswann">https://www.…;) </p>
<p>⁠Bitcoin Audible on X⁠ (Link: <a href="twitter.com/BitcoinAudible">https://tw…;) </p>
<p>The Guy Swann Network Broadcast Room on Keet (Link: <a href="tinyurl.com/3na6v839">https://tinyurl.…;)</p>
<p><strong>References from the episode</strong> </p>
<p>Bitcoin StackExchange #1: <a href="tinyurl.com/279wnyjgD-CentralTech">htt…; </p>
<p>D-CentralTech: <a href="tinyurl.com/284e3gdhStratum">https://t…; </p>
<p>Stratum v2: <a href="tinyurl.com/26wn5kpsPavlenex's">ht…; </p>
<p>Pavlenex's X post: <a href="tinyurl.com/23w828acLNhance">https://t…; </p>
<p>LNhance: <a href="tinyurl.com/2c9k4ogmDMND">https://tiny…; </p>
<p>DMND: <a href="tinyurl.com/2yfurts9BitcoinTalk">https…; </p>
<p>BitcoinTalk: <a href="tinyurl.com/234qlqgbBitcoin">https://t…; </p>
<p>Bitcoin StackExchange #2: <a href="tinyurl.com/279wnyjgMempool.space">htt…; </p>
<p>Mempool.space: <a href="tinyurl.com/245ahvdqMinoa.com">https:/…; </p>
<p>Minoa.com: <a href="tinyurl.com/24qmfn4dThe">https://tinyu…; </p>
<p>The Defiant: <a href="tinyurl.com/28vsgv7z">https://tinyurl.…;