Don't have enough time to read whole thread, but here's my .02 BTC:

1) Make sure we're talking about non-pecuniary externalities, and make sure to define that. Because basically every market system operates on constant pecuniary externalities, its just that it often takes some work (and transparency!) to figure out why something costs what it does.

2) For the purposes of this thread all should read Coase's paper on externalities. Externalities are solved by markets when transaction costs are low. Thus, it would be more productive to talk about what externalities have high transaction costs, and then figure out how to lower those costs, or design some alternate system that is manages the problem ethically and equitably.

Been lurking so far, but I didn't follow this. First block reward drop in 2013? I don't get it. Can you explain what this is for me?

Thanks for the response Franz, I was trying to do the math and figure out how you were pulling two gigs, multiple rigs makes a lot more sense (forgot it was all tied into one user in the pool here).

I do have to say I've read through the entire thread (took about an hour and a half) and I generally come out on the side of geebus and fairuser. I haven't read through whatever thread the initial disagreement arose in, but so far I am impressed with geebs and fair. They didn't like how things were going in slush's pool, so they manned up and made their own pool. I'm sure they've been busy as shit, and it can't help to have a bunch of people antagonizing them constantly. Seriously, as of Xenon's last posted, I'm tempted to say he's just trolling.

Also it's totally fair to want to see something demonstrated in practice before you believe it. Theoretical outcomes are often way different than real world scenarios in every science I've ever worked with (computers or economics).

Lastly, if possible, simmer down, everybody go smoke a joint or medidate or something.

Anybody know what SFRANZ3's rig is? It's pulling 2.2 Ghash!