plebhash on Nostr: It's fair to point out that SV2 JD (as a protocol spec) is agnostic (and therefore ...
It's fair to point out that SV2 JD (as a protocol spec) is agnostic (and therefore neutral) with regards to share accounting.
But to claim that SV2 JD imposes low revenue on hashers is not a fair criticism.
Just because the industry has been stale on outdated Share Accounting models, it doesn't mean that we need to live in that world forever.
SV2 JD is shaking up market dynamics.
Business is def not "as usual", but there's also fertile ground for innovation.
Pools that are seeking and open to innovation will adopt SV2 JD and come up with multidimensional Share Accounting. There are at least 2 (but maybe more?) dimensions on this design space:
- Share Difficulty
- Share Template Fees
Also, Pools that want to move away from burdens of Regulatory Compliance can simply outsource Templates to hashers.
Published at
2024-05-30 16:50:00Event JSON
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"content": "https://void.cat/d/NM1s66fhpqFdZmGofakvtg.webp\n\nIt's fair to point out that SV2 JD (as a protocol spec) is agnostic (and therefore neutral) with regards to share accounting.\n\nBut to claim that SV2 JD imposes low revenue on hashers is not a fair criticism.\n\nJust because the industry has been stale on outdated Share Accounting models, it doesn't mean that we need to live in that world forever.\n\nSV2 JD is shaking up market dynamics.\n\nBusiness is def not \"as usual\", but there's also fertile ground for innovation.\n\nPools that are seeking and open to innovation will adopt SV2 JD and come up with multidimensional Share Accounting. There are at least 2 (but maybe more?) dimensions on this design space:\n- Share Difficulty\n- Share Template Fees\n\nAlso, Pools that want to move away from burdens of Regulatory Compliance can simply outsource Templates to hashers.",
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