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Date: Tue, 02 Jun 2015 09:18:56 -0700
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Cc: Bitcoin Dev <bitcoin-development@lists.sourceforge.net>
Subject: Re: [Bitcoin-development] Proposed alternatives to the 20MB step
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On 06/02/2015 04:03 AM, Mike Hearn wrote:
>
> 1,000 *people* in control vs. 10 is two orders of
>
> magnitude more decentralized.=20
>
>
> Yet Bitcoin has got worse by all these metrics: there was a time
> before mining pools when there were ~thousands of people mining with
> their local CPUs and GPUs. Now the number of full nodes that matter
> for block selection number in the dozens, and all the other miners
> just follow their blocks blindly.
A mining pool is not a person, a full node is not a miner, and
cooperation is not control.
http://bravenewcoin.com/news/number-of-bitcoin-miners-far-higher-than-pop=
ular-estimates/
The entire Bitcoin ecosystem cooperates, that is what consensus means.
Establishing proof of that cooperation is the purpose of Bitcoin.
Decentralization is about keeping control out of the hands of the state
(any entity that would substitute violence for consensus). Nobody has
the power to compel the cooperation of individual miners in a pool. When
state power is applied to a pool operator the miners (people) retain
their vote.
e
--------------050009040908010401040205
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Content-Transfer-Encoding: quoted-printable
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<meta content=3D"text/html; charset=3DUTF-8" http-equiv=3D"Content-Ty=
pe">
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<body bgcolor=3D"#FFFFFF" text=3D"#000000">
On 06/02/2015 04:03 AM, Mike Hearn wrote:<br>
<blockquote
cite=3D"mid:CANEZrP1TgAxd70UnnTac8-h2huUxCJD3VsqxWdgv2mpwbU_mkQ@mail.gmai=
l.com"
type=3D"cite">
<div dir=3D"ltr">
<div class=3D"gmail_extra">
<div class=3D"gmail_quote">
<blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px=
0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-lef=
t-style:solid;padding-left:1ex">=C2=A01,000
*people* in control vs. 10 is two orders of</blockquote>
<blockquote class=3D"gmail_quote" style=3D"margin:0px 0px 0px=
0.8ex;border-left-width:1px;border-left-color:rgb(204,204,204);border-lef=
t-style:solid;padding-left:1ex">magnitude
more decentralized. </blockquote>
<div><br>
</div>
<div>Yet Bitcoin has got worse by all these metrics: there
was a time before mining pools when there were ~thousands
of people mining with their local CPUs and GPUs. Now the
number of full nodes that matter for block selection
number in the dozens, and all the other miners just follow
their blocks blindly.</div>
</div>
</div>
</div>
</blockquote>
<br>
A mining pool is not a person, a full node is not a miner, and
cooperation is not control.<br>
<br>
<a class=3D"moz-txt-link-freetext" href=3D"http://bravenewcoin.com/news/n=
umber-of-bitcoin-miners-far-higher-than-popular-estimates/">http://braven=
ewcoin.com/news/number-of-bitcoin-miners-far-higher-than-popular-estimate=
s/</a><br>
<br>
The entire Bitcoin ecosystem cooperates, that is what consensus
means. Establishing proof of that cooperation is the purpose of
Bitcoin.<br>
<br>
Decentralization is about keeping control out of the hands of the
state (any entity that would substitute violence for consensus).
Nobody has the power to compel the cooperation of individual miners
in a pool. When state power is applied to a pool operator the miners
(people) retain their vote.<br>
<br>
e<br>
<br>
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