So each nodes supposed connect to all miners? I can't even imagine cost to operate the full node.
dont worry, the topic creator has no clue how things work and has not even run any scenarios..
--snip--
Yeah, i'm aware of that. I just wanted to mention few questionable technical details.
Proof of share sounds a lot like how P2Pool operates. Are you familiar with that project? It is the current way to do decentralized mining and get paid directly from the coinbase. I’ll admit that I didn’t read through your entire proposal, but on the surface it sounds a lot like you’re describing P2Pool and you should check into what has happened there.
This P2Pool,
http://p2pool.in/? IMO it's rather different with OP's idea, since P2Pool only focus on decentralization. Besides, that project is dead.
