In this episode, we dive into the technicalities of Bitcoin block templates, the Stratum V1 and V2 protocols, and the innovations brought by Ocean’s Datum Protocol. We also explore a fascinating story of Tesla hacking and the challenges of implementing decentralized mining pools.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:48 - What a Bitcoin block template is and its role in decentralization.
07:07 - The function and limitations of Stratum V1 software.
09:12 - How Stratum V2 aims to improve mining decentralization and why adoption has been slow.
14:52 - A fascinating story of how Jason Hughes hacked a Tesla in front of its Chief Technology Officer.
21:49 - How the Datum Protocol manages reward distribution among miners with different templates.
22:31 - How Ocean’s Datum Protocol enables decentralized block templates for both small and large miners.
41:36 - The challenges Ocean faces with large miners, especially regarding SOC2 compliance.
Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences.
BOOKS AND RESOURCES
- Bitcoin Mechanic on X (Twitter), Nostr.
- Jason Hughes on X (Twitter).
- Ocean on Discord.
- Ocean on Nostr.
- Related Episode: Decentralizing Bitcoin Mining Pools with Bitcoin Mechanic.
- Check out all the books mentioned and discussed in our podcast episodes here.
- Enjoy ad-free episodes when you subscribe to our Premium Feed.
NEW TO THE SHOW?
- Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, Kyle, and the other community members.
- Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
- Check out our We Study Billionaires Starter Packs.
- Browse through all our episodes (complete with transcripts) here.
- Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.
- Enjoy exclusive perks from our favorite Apps and Services.
- Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
- Learn how to better start, manage, and grow your business with the best business podcasts.
SPONSORS
Support our free podcast by supporting our sponsors:
- River
- Toyota
- Daloopa
- Fundrise
- TastyTrade
- The Bitcoin Way
- Public
- Facet
- Onramp
- Fidelity
- SimpleMining
- Sound Advisory
- Vanta
- Shopify
Learn more about your ad choices. Visit megaphone.fm/adchoices
Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm