Oddbean new post about login | logout Indeed. Somehow they got tons of people to repeat that it’s somehow “decentralized” despite not being in any way decentralized. Quite impressive.
Luke specifically says it is “more” decentralized
I have a feeling they didn't get as much built prior to the event than they initially thought they would. But once Stratum V2 is implemented, template construction would be decentralized. That coupled with the non-custodial rewards (sans dust) this will be the most decentralized pool.
The rewards are not noncustodial, the pool still tracks them and decides when and how much to pay. The only difference is the pool pays out faster/more often than many other pools. However, pools doing lightning payouts are even faster!
Also, it’s important to note that many miners can only handle coinbase transactions of a certain size, so there’s a very low limit on the amount they can pay out in coinbase transactions, much higher than dust.
"We are also the only non-custodial pool, making you, the miners, recipients of new block rewards directly from Bitcoin." So you are saying you believe this statement to be technically misleading?
Incredibly so
Hard to validate without viewable code.