Idea to solve the 51% pool issue ->smart contract

[lordoliver]

I think, we can solve that with a smart contract, that is used for mining.
The smart contract provides the functionality of a pool and you commit your work right into the smart contract.
The contract itself has a btc-address where the reward will go, if it finds a block. Then it sends the funds depending on shares.
To secure sending you use multisig with a percentage (for example 50) of the participating miners.

This contract is allowed to have even 100% without a problem.

This project could be crowd funded. The contract could send a small fee to the crowdfunding shareholders as it is in a pool.
Anyone interested to colaborate?

[lordoliver]

Whats wrong with you guys? Not even one answer...

[Omnigames]

Interesting idea. Surprised that I haven't seen it brought up before. Maybe it's been discussed and I missed it though.

It does require some honest pool operators though. Them relaying their blocks on a separate IP when they start getting close to 50% is an easy way to cheat I think.