Bitcoin Layers

everyone, and I mean everyone, lost their fucking mind at bitcoin magazine today.

what they said wasn't that controversial

@redvelvet (or anyone who sees this) can you help me understand how PoX is = merge-mining in terms of "miner alignment"?

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

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)

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