Bitcoin Mining Pool Caught Censoring – 270

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Department of the treasury's office of Foreign assets o control ofac for short This analysis is part of a broader Project the developers mining pool Observer aimed at detecting instances Where Bitcoin mining pools may not Include transactions that they could be Mining the finding suggested that a Pattern of selective transaction Filtering a practice that could have Significant implications for the Network's decentralized nature in September and October of 2023 developers Mining pool Observer reported six blocks Missing an ofac sanction transaction These transactions were notably absent From blocks Mind by three different Pools including via BTC Foundry USA and F2 pool the study meticulously analyzed The transaction patterns in Block Compositions to understand whether these Omissions were intentional acts of Filtering or coincidental outcomes based On other factors like transaction fees Or propagation times the report Concludes that the missing transactions In blocks mined by via BTC and Foundry Were likely false positives and not due To intentional filtering however this is Where it gets interesting the scenario Was different for the transactions Missing from F2 pools blocks and check This out Bitcoin bitcoin's Anti-censorship ethos surfaces after

Mining pool F2 pool acknowledges a Filter so we don't need to finish this Article because this was just presuming Or assuming that F2 pool was basically Under Suspicion and it looks like after A blockchain sleuth reported that in That article the Bitcoin mining pool may Have censored a transaction from an Address blacklisted by us authorities Critics responded and so did the pro Project's co-founder F2 pool the third Biggest Bitcoin mining pool Drew on Social media after a report that it Might be censoring transactions from an Address subject to US Government Sanctions one of the F2 pool project Leaders subsequently appeared to confirm The report stirring up controversy since Censorship resistant is considered by Many bitcoiners to be a cardinal Principle of the largest and original Blockchain at the same time many Government officials around the world Have expressed concern that blockchain Networks can be used to Finance criminal Activity and terrorism or freedom of the Individuals that reside within those Countries of course the Bitcoin Development Focus blogger wrote November 20th that his mining pool Observer Project detected six missing Transactions spending from ofac Sanctioned addresses ofac stands for the We don't need to finish that a few of

The instances are likely false positives And not the result of filtering the Blogger wrote the transaction missing From F2 pools blocks are however likely Filtered according to the piece which Was crossposted to the website stacker News a Bitcoin mining pool is where Operators working to confirm Transactions on the network join Together to coordinate their efforts and Then share any resulting rewards Typically with the goal of providing a Steadier income stream because they end Up controlling big chunks of the Network's processing or hash power their Decisions can have broad ramifications And participants in a mining pool can Relatively easily switch to a different Pool F2 pool is responsible for about 14% of mined Bitcoin blocks over the Past year the third most after Foundry USA's 30% and ant pool's 22% Based on Data from f2pool Co-founder Shan Wang subsequently posted On x quote why do you feel surprised When I refuse to confirm trans Transactions for those criminals Dictators and terrorists I have every Right to not confirm any transaction From Vladimir Putin Zing ping don't I The post has since been deleted now from My perspective obviously this is a Problem of individuals I think running Here's the thing a a pool can in theory

Reject these transactions I think we've Always known that the decentralization Is what combats that and other basically Miners can pick up those transactions And pick up those blocks the question I Think I have is can he still or can they Still process a block but drop Individual transactions and then I Assume those transactions move into a Different block so the only way to Really combat this from the perspective Of the principles of cryptocurrency is To in general utilize different Services Other than F2 pool and frankly I Disagree with F2 pool's kind of Statement here because really at the end Of the day the reason why we have such Turmoil within the world surrounding Finances is because other people think That they can put their own morals and Ethics above other people's when it Comes to money and that is really the Problem with a lot of the world in General and cryptocurrency resolves this You do not have have the ability or you Should not have the ability to Manipulate somebody else's Financial Well-being because of your personal Morals or ethics above all else you Should have the freedom every Individuals should have the freedom to Control their own finances and that's How I feel about it so the internet and Tcpip have failed this he added Bitcoin

Should learn from that failure I Completely disagree agree with them so It does say to expect some blowback Based on the replies on X the community Reaction was quite negative the Community has been in consensus on this For a very long time you don't do it and I agree one poster wrote expect blowback A poster route and I would encourage Anybody that's been mining with F2 pool To immediately pull your rigs off of That particular pool and point them to Something Else thanks for watching this clip from The crypto mining show you can check out The full episode here and don't forget To subscribe down here as well you can Also check out my Crypt mining ecourse At son of where you can get a Free month of supporter status with a Purchase at son of. also Don't forget to check out my merch Underneath the video or at shop.on I'll see you next Tuesday

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