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Title: Idea - maximum hashpower per node? Post by: so142001 on January 19, 2018, 09:29:55 PM I've been seeing all kinds of centralization with POW mining all over due to big mining corporations. What if there was a hard limit to the hashing power per node? I know there were other attempts to battle the centralization problem through POS and other means. If there was a hard limit to hash power acceptable through a node, the hash power would be more distributed and there wouldn't be as much of a financial barrier for those who aren't as high up in the economic food chain. I hope this idea gets heard and possibly considered among the coding community.
Title: Re: Idea - maximum hashpower per node? Post by: stompix on January 19, 2018, 10:21:36 PM I've been seeing all kinds of centralization with POW mining all over due to big mining corporations. What if there was a hard limit to the hashing power per node? I know there were other attempts to battle the centralization problem through POS and other means. If there was a hard limit to hash power acceptable through a node, the hash power would be more distributed and there wouldn't be as much of a financial barrier for those who aren't as high up in the economic food chain. I hope this idea gets heard and possibly considered among the coding community. Imposing limits on something that was created to bypass limits is not the most orthodox thing to do. But the whole idea is stupid. For example we have 3 miners with 100 petahash : Wu who has 90ph, Ver with 9ph and so142001 with 1ph. The limit will be set at 1ph Wu wil just run 90 farms, Ver 9 and so142001 1. What would change? All big miners will just split their hashing power and will still have 20% of the network or whatever they had in the first place. Title: Re: Idea - maximum hashpower per node? Post by: darkangel11 on January 19, 2018, 10:36:47 PM Does POS really battle centralization in your view? We could say that it does in a way if the coin is distributed evenly in the community and the rest goes towards those who are willing to hold it, but usually coins are being sold at first. This means that whoever is willing to invest and has the most money will end up with the most coins and the greatest staking potential. How is that different from mining? In the end whoever has the most money wins, there's no equality in this world.
Some devs are distributing their POS coins among the BTC holders, but it's all the same if you ask me. You have the most money (in terms of BTC) you're making the most from forks, airdrops and staking of those airdropped coins. Title: Re: Idea - maximum hashpower per node? Post by: Anti-Cen on January 19, 2018, 11:06:07 PM I've been seeing all kinds of centralization with POW mining all over due to big mining corporations. Yes the miners own the development team now and boy are we paying for it with fees and the segwit wallet fees are hardly any cheaper then normal fees plus the "Lightning Network" is about allowing miners to become mini banks. See https://bitcointalk.org/index.php?topic=2776719.msg28395400#msg28395400 I like Ripple and ETH (That too needs major redesign) but if your into how Block-Chain should work or programming then check out Neo and also read my footer, it's so obvious really |