The Most Important Project in Bitcoin (You probably haven't heard of)
Published: July 16, 2026
Duration: 15:22
What is the most important project in Bitcoin? It isn't BIP 110 or some shiny new payment protocol. We actually have a massive security vulnerability sitting at the base layer: Bitcoin mining isn't really mining anymore.
Right now, we have millions of hashers but barely a handful of real miners deciding what transactions make it into a block. And that means a few centralized pool operators could easily censor the network.
In this Take, I explain why the critical distinction between a hasher and a miner matters. But more importantly, I outline how newer protocols are...