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Cryptocurrency Ecosystem => Bitcoin Forum => Bitcoin Mining => Topic started by: sirty143 on December 02, 2023, 03:24:13 PM

Title: Jack Dorsey Backed Bitcoin Mining Pool Ocean Acknowledges Filtering Ordinal Insc
Post by: sirty143 on December 02, 2023, 03:24:13 PM
Jack Dorsey Backed Bitcoin Mining Pool Ocean Acknowledges Filtering Ordinal Inscriptions

(https://i.imgur.com/h1Wjf8Om.jpg)

Ocean, a Bitcoin mining pool that recently raised $6.2 million in a seed funding round led by former Twitter (now known as X) CEO Jack Dorsey, is currently filtering ordinal inscription transactions... See more for yourself here (https://news.bitcoin.com/jack-dorsey-backed-bitcoin-mining-pool-ocean-acknowledges-filtering-ordinal-inscriptions/).

Your opinion is greatly appreciated.
Title: Re: Jack Dorsey Backed Bitcoin Mining Pool Ocean Acknowledges Filtering Ordinal Insc
Post by: CryptoPunk on December 07, 2023, 10:57:59 PM
In an unexpected turn of events, Luke leveraged blockchain inscriptions to introduce personal religious content, responding with a dismissive tone when questioned about it. Surprisingly, he is now advocating for restrictions on other users engaging in similar practices. The actions of Jack Dorsey in supporting this endeavor appear misguided, risking a significant downturn in the 6m as users may withdraw their participation in the pool in the coming months.
Title: Re: Jack Dorsey Backed Bitcoin Mining Pool Ocean Acknowledges Filtering Ordinal Insc
Post by: bitmover on December 20, 2023, 05:18:27 PM
Quote from: sirty143 on December 02, 2023, 03:24:13 PM
Jack Dorsey Backed Bitcoin Mining Pool Ocean Acknowledges Filtering Ordinal Inscriptions

Ocean, a Bitcoin mining pool that recently raised $6.2 million in a seed funding round led by former Twitter (now known as X) CEO Jack Dorsey, is currently filtering ordinal inscription transactions... See more for yourself here (https://news.bitcoin.com/jack-dorsey-backed-bitcoin-mining-pool-ocean-acknowledges-filtering-ordinal-inscriptions/).

Your opinion is greatly appreciated.


This is an interesting fact

Personally,  I think that ordinals are just flooding the network, and they are being harmful to the ecosystem as the main goal of the network is to transfer money, not images.

On the other hand , this is  dangerous , as this pool is basically censoring transactions.  Will they censor others is SEC/FED , ETC says so?
Title: Re: Jack Dorsey Backed Bitcoin Mining Pool Ocean Acknowledges Filtering Ordinal Insc
Post by: Learn Bitcoin on December 21, 2023, 01:52:36 PM
Quote from: bitmover on December 20, 2023, 05:18:27 PM
personally,  I think that ordinals are just flooding the network, and they are being harmful to the ecosystem as the main goal of the network is to transfer money, not images.

On the other hand , this is  dangerous , as this pool is basically censoring transactions.  Will they censor others is SEC/FED , ETC says so?

I don't think they are doing it manually. Probably, they have written a script that will detect the ordinals transactions and kick them out of the blocks. To be honest, I appreciate it. But I am curious if miners will be affected somehow! Now, if you talk about censorship, surely I do not support censorship. I don't think they will hear the SEC or any other entity block a transaction that is made from some specific address. All mining pools could do that if they want. So, why should we think about only the Ocean? If the SEC or another entity asks mining pools to block an address, they must ask all the mining pools. Not only a specific one. Moreover, Not all mining pools belong to the US.

Quote from: CryptoPunk on December 07, 2023, 10:57:59 PM
Snipped

Stop using AI to generate shit.
Title: Re: Jack Dorsey Backed Bitcoin Mining Pool Ocean Acknowledges Filtering Ordinal Insc
Post by: paid2 on December 24, 2023, 12:00:37 AM
This isn't the first time Luke has promoted censorship, he's already included a blacklist of BTC casino addresses in his version of Core in the past...

This is not good, I'm not pro-ordinal, but it opens the door to dubious practices that are not beneficial for bitcoin imho...