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Title: Bitcoin's value is decentralization Post by: Gabriel Beal on June 19, 2011, 12:26:30 PM This blog post I found, http://paulbohm.com/bitcoin-decentralization/ (http://paulbohm.com/bitcoin-decentralization/), is really well done. It did two things for me. It introduced me to the Byzantine General's Problem (which I now see is well known in the bitcoin community) and it argues really convincingly about what bitcoin's central strength is.
Title: Re: Bitcoin's value is decentralization Post by: giszmo on June 19, 2011, 01:51:31 PM Yes. Agree. Spread the word.
My concern are pools, hence the text in my signature ;) Title: Re: Bitcoin's value is decentralization Post by: Gabriel Beal on June 19, 2011, 02:06:48 PM Yes, I think solo mining is cool. Whenever I eventually finish building my mining rig, I'll be going solo. I can handle the variance. :)
Title: Re: Bitcoin's value is decentralization Post by: bcearl on June 19, 2011, 03:18:47 PM Quote Mining for good pools is as profitable as solo mining. Anything else would be a flaw in the system. A big mining pool could have its own secret mining software, which could hash a little quicker. But that doesn't matter, the 50 % are not magical. |