This is not necessary to me, we know Jack Dorsey, we know about his reputation and business, he's coming to claim that he's going to offer something he himself is not capable of, what is the decentralization that can comes in with anything that has to do with someone like Jack Dorsey, maybe we shouldn't be too far fetched in being decieved by those that always try to show they are helping whereas the profits is to their own pocket.

issues:
a. coinbase reward tx would have thousands of outputs for each of the asic 'workers' per pools block
b worker (recipients) will get small dust amount UTXO which to then later spend incurs fees that can take a huge cut per utxo

imagine it you are part of a pool. it is 40exa (10% network) meaning 14 blocks a day
this 40exa is 200,000 asics of 200Thash

of say a reward+fee of 6.5btc. that one asic gets 0.00003250 x14 times a day

if a tx fee rate was just 15sat/byte with a tx lean size of 226byte the fee is 3390
.. and that is your utxo fully spent as fee's

we all know fees are way above 15sat/byte right now and average tx is more then 226bytes..
so its not cost effective or byte efficient to payout to asic workers in every block

Honestly, I still don't understand how the distribution of rewards will work well and how investors will get rewards fairly, it still makes me confused. I will continue to follow Jack Dorsey's plans further.

I will definitely put my money into this project because I believe in Jack Dorsey's reputation, he really pays great attention to the development of Bitcoin and its backers.

it doesnt cost anything to be a pool manager. all the computational work is just a validation node plus a script that sends a head to asic workers.. its the asic workers that do the main churn and those asics belong to different people in different locations.. so the cost of being a mining pool manager is nothing..

however just starting a pool that does what other pools do is not impressive advert to make people want to use it. so they need to fluffy cloud utopian dream of getting rich incite greed to make asic miner owners to jump over to his pool.. again no big expense on advertising..

its just a fluff piece of advertising trying to get people to jump to his pool. thats it.
practically though users with an asic will end up with dust amounts they cant spend and due to having many utxo's they would have to join together but each having a byte cost that eats into the dust amounts of each utxo. thus when moving their rewards after receiving them in dorseys scheme. the workers are losing XX% of value

the reason asic owners use a pool as a custodian is to wait X blocksolves of earnings to accumulate, for min earnings total worthy of withdrawing

either dorsey knows this and doesnt care about the impact on his future customers.. or he doesnt know this aspect of bitcoin mining economics and doesnt deserve to be a mining pool owner.

im pretty sure dorsey just asked Luke_Jr for any SCHEME that makes a pool look different to sound like its doing something special in the hopes people move to it purely for being different, hoping they dont do the math of their earnings vs spending bytes

there's nothing wrong if that's what he wants, but in times like this I don't think it's practical to tell you frankly. Having your own mining pool or mining rigs is only applicable to people capable of availing it.

If I can make a profit in crypto trading I will choose it instead of doing what Jack Dorsey says, I repeat there is nothing wrong with what he wants, but it is not really practical to apply at the moment, especially since we are coming to Bitcoin halving or bull run, I hope he thought of starting it during the bear season, not when we are in a bullish trend.

Some comments are quite funny. Some people saying that he's doing it for his own profit just don't know what they are saying.

Stop being a hypocrite please, none of us would do anything if we are not seeing profit from it. So it's not bad for him to be looking for profit as well. As long as his invention is something that positively impact the Bitcoin community, then who cares if he's making a profit from it or not? The only thing that should matter to us is whether this decentralized mining will benefit us or not.

its not a great idea..
both "ocean" and ckpool are still pools .. where one manager is the one deciding which transactions do or dont get into a block. its still one manager deciding if he wants to flag support for a protocol upgrade proposal.. the asics still dont have a say in it..
the protocol and block content decisions is still pool centralised and decided by the pool manager.. nothing has changed.. all that changes is how the workers are paid..

analogy
its still a factory producing the same product. all thats changed is users salary method. getting paid per 10 minutes instead of per month for ocean and the guy that made the billionth target product id for the year gets paid all salaries of all workers for being the lucky worker in the production line for CKpool

but in both cases the factory is still managed by the same factory owner who still has control of whats produced

who wants to see a coinreward output that no longer says
(ADDRESSES NOT EXACT JUST RANDOM NAMESPACE FOR DEMO)
coinbasereward                   -> bc1qPoolmanager 6.25
                                              opreturn 0
                                              opreturn 0
                                              opreturn 0
and instead says
(ADDRESSES NOT EXACT JUST RANDOM NAMESPACE FOR DEMO)
coinbasereward                   -> bc1qPoolmanager 0.25
                                              opreturn 0
                                              opreturn 0
                                              opreturn 0
                                              bc1qworkerAAA 0.00146484
                                              bc1qworkerAAB 0.00146484
                                              bc1qworkerAAC 0.00146484
                                              bc1qworkerAAD 0.00146484
                                              bc1qworkerAAE 0.00146484
                                              bc1qworkerAAF 0.00146484
                                              bc1qworkerAA0 0.00146484
                                              bc1qworkerAA1 0.00146484
                                              bc1qworkerAA2 0.00146484
                                              bc1qworkerAA3 0.00146484
                                              bc1qworkerAA4 0.00146484
                                              bc1qworkerAA5 0.00146484
                                              bc1qworkerAA6 0.00146484
                                              bc1qworkerAA7 0.00146484
                                              bc1qworkerAA8 0.00146484
                                              bc1qworkerAA9 0.00146484
                                              bc1qworkerABA 0.00146484
                                              bc1qworkerABB 0.00146484
                                              bc1qworkerABC 0.00146484
                                              bc1qworkerABD 0.00146484
                                  [and so on for 4000 outputs]

The most fun part is that this pool open as a "weapon" against censorship and they are censoring ordinals etc

Decentralized mining pools have existed for a long time. P2pool was an excellent project but in the end people want what is most profitable and not what is best for the network. So I’m not sure how well this project will do, or what similarities it shares with p2pool, but I wish it the best success and hope to learn more about it.