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janusz
@janusz
everyone, and I mean everyone, lost their fucking mind at bitcoin magazine today. what they said wasn't that controversial
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janusz
@janusz
@redvelvet (or anyone who sees this) can you help me understand how PoX is = merge-mining in terms of "miner alignment"?
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Red
@redvelvet
Let’s unpack. What’s miner alignment PoX is similar to merge mining in many ways. It’s more clear when observing it from a shared security parent/child chain relationship pov rather than mining pov
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janusz
@janusz
I've loosely defined miner alignment as 1) paying fees to miners for DA and 2) merge-mining because it's easy to opt into for btc miners IIUC, you have to run an entirely different mining set up to run PoX
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Red
@redvelvet
Btc miners get the fees from L1 txs to post DA regardless of also being an L2 ‘sequencer’ For PoX, miners simply have to include a block commit in the op_return field and bid some BTC. The BTC goes to the STX sta(c)kers & the STX coinbase rewards go to the winning btc miner commit(weighted by bid)
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janusz
@janusz
Yes but claiming that PoX and sequencers are similar is false imo Sequencer consensus protocols exist to provide fast preconfirmations + atomic block building. you can fall back to L1 if sequencer goes down PoX is a separate consensus protocol for alternative blockchain w/ execution. no fall back if it goes down
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