One pool cannot "just steal the money" and you know this. It takes six months with a constant 10 minute reminder that your pool is trying to steal the funds.
Hashers have a ridiculous amount of time to switch, it is very easy to switch, and they are incentivized to switch because the pool is wasting their work.
If a single mining pool has over 51% hashrate, then Bitcoin is in trouble anyway. BIP300 recognizes this and keeps the miners on a very short leash.
BTCapsule 🏴🧡 /
npub1v6x…xk5t
2024-04-29 22:16:35
in reply to nevent1q…474m
Author Public Key
npub1v6xwae25wh6etmqw3m6yce9lnk5dnhtqpzk9fhxjfvjsryctjc8q2kxk5tPublished at
2024-04-29 22:16:35Event JSON
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"pubkey": "668ceee55475f595ec0e8ef44c64bf9da8d9dd6008ac54dcd24b2501930b960e",
"created_at": 1714421795,
"kind": 1,
"tags": [
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[
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[
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],
"content": "One pool cannot \"just steal the money\" and you know this. It takes six months with a constant 10 minute reminder that your pool is trying to steal the funds. \n\nHashers have a ridiculous amount of time to switch, it is very easy to switch, and they are incentivized to switch because the pool is wasting their work.\n\nIf a single mining pool has over 51% hashrate, then Bitcoin is in trouble anyway. BIP300 recognizes this and keeps the miners on a very short leash.",
"sig": "732a6c670cacb1f759d73fb84439f77e405044ef470b1ae68587c4d716fda5d2e6c199289f76a1c13aee352670bd2dffac1fbfd6877952061188d4178e88c74e"
}