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What is Miner ID, how it works and what can it be used for?

There has been a lot of discussion going on about Miner ID lately. What is Miner ID and how does it work? Is it optional for miners to use and what would be their incentive for or against it?

Which cool new possibilities does it enable?

Note: Only answers that properly answer questions on BitQ&A will qualify for the bounty. Links to external resources are more than welcome, while answers with links only won’t qualify.

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Which exchange should be used?

Of all the exchanges mentioned in Discord, Telegram, Slack and Twitter, none seems to stand out as the obvious choice. All seems to have had their good share of shenanigans, on way or another. Either by delisting, which is an obvious no go, or more dangerous business models like hyperleveraging, crypto loans and worse.

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Which will be the first BSV application that will catch mainstream adoption?

Now, this will obviously require some speculation, but why not. There are many exciting Bitcoin SV applications being released practically at a daily basis, but they are arguably mostly used by the (still small in grand scheme of things) BSV community.

I predict that at some point we’ll see one/some of those applications gain attention of the general public and take off - probably dragging the entire ecosystem with them.

If you could bet which (or what kind of) app that will be, what would you bet on?

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