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BTC203: Bitcoin Mining Decentralization with the Datum Protocol at Ocean Mining w/ Bitcoin Mechanic and Jason Hughes (Bitcoin Podcast)

We Study Billionaires - The Investor’s Podcast Network

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CHAPTER

Journey of Innovation: From Bitcoin Mining to Hacking Teslas

This chapter explores the personal journeys of Bitcoin miners and developers, highlighting their experiences and transitions into the tech industry. A standout story involves a successful hack of a Tesla, leading to unexpected connections and insights into motivation and opportunity in the digital landscape.

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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.
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BTC203: Bitcoin Mining Decentralization with the Datum Protocol at Ocean Mining w/ Bitcoin Mechanic and Jason Hughes (Bitcoin Podcast)

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