OCEAN LOSES ITS FOUNDER — DASHJR WALKS AFTER BIP-110 WRECK, RIDES OFF IN ‘CONVOY’
The men who fight hardest over what Bitcoin is for keep paying for it with their jobs — and three pools still mine more than half the blocks.
Luke Dashjr built Ocean to pay miners directly and keep the pool honest. Then his BIP-110 push to limit non-money data on the chain failed, he lost his BIP editor seat, and now he’s out of his own company — stake bought back, terms undisclosed. Both sides call it mutual. What we can observe: the men who fight hardest over what Bitcoin is for keep paying for it with their jobs, and three pools still mine more than half the blocks. Dashjr says his next act is a mining venture called Convoy. Watch whether it’s a pool or something stranger.
KEY RECEIPTS
Luke Dashjr resigned as Ocean’s chairman, chief technology officer and director; parent company Mummolin bought back his entire equity stake. Value undisclosed.
Joint statement (via PRNewswire) calls the split mutual, citing “differing views on the future of bitcoin mining” and “recent protocol developments.”
Comes weeks after Dashjr took a sabbatical from Ocean following the failure of BIP-110 — his push to limit non-money data on the chain — and his removal as a BIP editor on Aug 11.
Dashjr’s next act: a new mining venture called Convoy.
Ocean says it will keep running its transparent, non-custodial pool that pays rewards directly to miners.
Context: Foundry USA, AntPool and F2Pool produce well over half of recent blocks (mempool.space).
Source: CoinDesk, Aug 31 2026.
Joint statement (via PRNewswire) calls the split mutual, citing “differing views on the future of bitcoin mining” and “recent protocol developments.”
Comes weeks after Dashjr took a sabbatical from Ocean following the failure of BIP-110 — his push to limit non-money data on the chain — and his removal as a BIP editor on Aug 11.
Dashjr’s next act: a new mining venture called Convoy.
Ocean says it will keep running its transparent, non-custodial pool that pays rewards directly to miners.
Context: Foundry USA, AntPool and F2Pool produce well over half of recent blocks (mempool.space).
Source: CoinDesk, Aug 31 2026.
Purity is not a security model; architecture is.
The cap is still twenty-one million.
The cap is still twenty-one million.
CoinDesk · Mon Aug 31 2026 · 4:04 AM ET · Joint statement: PRNewswire