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authorJeff Garzik <jgarzik@bitpay.com>2014-07-17 12:14:41 -0400
committerbitcoindev <bitcoindev@gnusha.org>2014-07-17 16:15:14 +0000
commit2040ea5de878913da09bdf8e30e67443c04059c3 (patch)
tree593c28323c01d80ad062b84a89d97a97fc4a5edc
parentedbac51d314542c5bf8de6c9a91a279e31609a24 (diff)
downloadpi-bitcoindev-2040ea5de878913da09bdf8e30e67443c04059c3.tar.gz
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[Bitcoin-development] Decentralizing ming
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+From: Jeff Garzik <jgarzik@bitpay.com>
+Date: Thu, 17 Jul 2014 12:14:41 -0400
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+Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
+Subject: [Bitcoin-development] Decentralizing ming
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+
+Define acceptable. The 40% thing is marketing and a temporary
+solution. And people come down on both sides of whether or not
+marketing "40%" is a good idea.
+
+I think it is a baby step that is moving in the right direction. You
+want the numbers and sentiment moving in that direction (down, versus
+"own the market! </IPO>").
+
+The more critical piece is fleshing out the various proposals and
+technical solutions for decentralized transaction selection and other
+aspects of SPOF-proofing mining.
+
+Historical note: On one hand, Satoshi seemed to dislike the early
+emergence of GPU mining pools quite a bit. On the other hand, Satoshi
+noted that the network would probably devolve down to a few big
+players if we ever reached VISA/MC transaction levels. Satoshi
+clearly never figured this part out :)
+
+Today, there is consensus on the need for a "keep bitcoin free and
+open" technical solution, but it remains to be seen how much we
+engineers can really do to make life fair. Making transaction
+selection a bit more independent from hashpower seems one step. There
+are several other proposals floating about.
+
+--
+Jeff Garzik
+Bitcoin core developer and open source evangelist
+BitPay, Inc. https://bitpay.com/
+
+