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.