Mining pools are often caught in the middle of BTC upgrades, but there's rarely enough time or preparation for pools to consult their users about upgrades.
Luxor is crafting a playbook to change that so that our miners can be more active in consensus 👇
blog.hashrateindex.com/a-bitcoin-mine…
Luxor is crafting a playbook to change that so that our miners can be more active in consensus 👇
blog.hashrateindex.com/a-bitcoin-mine…
When Taproot's Speedy Trial began, Luxor felt that there wasn't enough time for our miners to thoughtfully review Taproot to voice any feedback or concerns.
Indeed, in Taproot as in other upgrades, mining pools were treated as stand-ins for their entire client base.
Indeed, in Taproot as in other upgrades, mining pools were treated as stand-ins for their entire client base.
Some criticized the Speedy Trial for this very reason: pool users had little-to-no say.
For future upgrades, we want to open dialogue between devs and *all* miners early on so that miners knows what the upgrade is and what role, if any, they may play in the activation process.
For future upgrades, we want to open dialogue between devs and *all* miners early on so that miners knows what the upgrade is and what role, if any, they may play in the activation process.
Our playbook includes four parts: (1) Education, (2) Feedback, (3) Financial Support and (4) Signaling Support.
1) Luxor will educate its miners and others on future protocol upgrades
2) Luxor and its miners will provide developers with feedback on upgrades
1) Luxor will educate its miners and others on future protocol upgrades
2) Luxor and its miners will provide developers with feedback on upgrades
3) Luxor will provide financial support to Bitcoin development and bug bounties for proposed upgrades
4) If pools are necessary for activating an upgrade, Luxor will reach a consensus among its users before pledging support
4) If pools are necessary for activating an upgrade, Luxor will reach a consensus among its users before pledging support
As BTC's userbase grows, it will be critical to translate complex technical changes into clear language for new and old users alike.
We hope that other miners and Bitcoin companies will join us in shining a light on Bitcoin’s overshadowed but incredible open-source governance.
We hope that other miners and Bitcoin companies will join us in shining a light on Bitcoin’s overshadowed but incredible open-source governance.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
