BTCtoOblivion on Nostr: I remember the time when OCEAN launched and a lot of spam apologists kept saying that ...

I remember the time when OCEAN (npub1qtv…7dze) launched and a lot of spam apologists kept saying that the mining business is hyper competitive and nobody would exclude arb data (aka spam) in their mining block since it would hurt them financially without understanding the difference between TIDES payout and FPPS payout.

Since miners are starting to realize how they have been looted by FPPS payout for years, I think more and more miners will switch their mining pool and send their hash to OCEAN (npub1qtv…7dze) which would also help reduce the spam . The chart is clearly indicating that.

The only reason why I am so optimistic about #bitcoin is because whenever #bitcoin gets attacked by some bad actors, some of the bitcoiners (with super low time preference) do everything to make sure #bitcoin survives. I think it's just a start for OCEAN (npub1qtv…7dze) but they are a perfect example of low time preference behavior.

Would love to see OCEAN (npub1qtv…7dze) destroying more and more mining pool centralization in the future.