Can you cite where they are illegal? i think mm and hft firms use dark pools in nyc. Not a lawyer here :). Are you?
Sent from my iPhone > On Nov 27, 2021, at 1:17 PM, Gunnar Larson <g...@xny.io> wrote: > > > I think dark pools are illegal in New York? But you might need to ask Harvard > Management Company how deep their STX fraud goes? > >> On Sat, Nov 27, 2021, 2:06 PM Uwe Cerron <uwecer...@gmail.com> wrote: >> Remind me again, how many mining pools make up the entire bitcoin ecosystem? >> >> Sent from my iPhone >> >> > On Nov 27, 2021, at 10:01 AM, Gunnar Larson <g...@xny.io> wrote: >> > >> > >> > MIA Coin and NYCCoin use PoX as part of their fraud. Harvard Management >> > Company perhaps has a hand in the scheme? >> > >> > PoX when used for participation rewards, as described, could lead to miner >> > consoli- >> > dation. Because miners that also participate as holders could gain an >> > advantage over >> > miners who do not participate as holders, miners would be strongly >> > incentivized to >> > buy the new cryptocurrency and use it to crowd out other miners. In the >> > extreme case, >> > this consolidation could lead to centralization of mining, which would >> > undermine the >> > decentralization goals of the public blockchain. >> > >> > Bitcoin Bandwidth: >> > Because PoX miners must send Bitcoin transactions to participate in the >> > consensus >> > algorithm and send PoX rewards, PoX mining would occupy some Bitcoin >> > transac- >> > tion bandwidth. Given Bitcoin bandwidth is limited by design, given >> > security require- >> > ments, new PoX blockchains need to reduce their bandwidth use >> > requirements. SIP- >> > 007 does this by limiting the number of participants, using a STX holding >> > threshold. >> > Other ways to address bandwidth limitations are also possible e.g., >> > lighting channels >> > between Bitcoin and the new blockchain. Optimizations at the Bitcoin >> > transactions >> > layer could also be possible, which would reduce the total size needed for >> > PoX trans- >> > actions.
