Three Pools Have Near-total Control Over the Bitcoin Network

[BC Systems]

http://blockchain.info/pools

All it would take is the collaboration of these Big 3 to turn the network to their will, whether it be in secret or otherwise. How do we turn them into tiny networks like on the other side of the graph?

[Etlase2]

inform and promote p2pool

[Littleshop]

http://blockchain.info/pools

All it would take is the collaboration of these Big 3 to turn the network to their will, whether it be in secret or otherwise. How do we turn them into tiny networks like on the other side of the graph?

This is about as diversified as I have seen the pool chart.   A year ago deepbit had half, now it takes 3 pools to get there.   

[BC Systems]

http://blockchain.info/pools

All it would take is the collaboration of these Big 3 to turn the network to their will, whether it be in secret or otherwise. How do we turn them into tiny networks like on the other side of the graph?

This is about as diversified as I have seen the pool chart.   A year ago deepbit had half, now it takes 3 pools to get there.  

We went from a benevolent dictatorship to a benevolent oligarchy.

Let's make it a decentralized confederation.

[LightRider]

All monetary systems tend towards corruption.

[ralree]

inform and promote p2pool

Tried it - rejects like crazy, much lower revenue in my 1-day trial.

[kjj]

[jwzguy]

Anyone remember the good ole days when it was Deepbit with 49% and people were absolutely losing their shit?

[Shadow383]

Bear in mind that deepbit also makes up a big chunk of "unknown". Their API shows 3858Ghash/s currently.

[Boussac]

All

centralized

monetary systems tend towards corruption.

[LightRider]

All

centralized

monetary systems tend towards corruption.

Bitcoin is the central protocol.

[FuzzyBear]

Come join me on my pool then??? .... we most certainly don't have even 10% of the total Hashrate but we still going strong!!

http://fuzzy.triplemining.com

All donations greatly appreciated:

BTC: 18R5YiVKqtEsru8y4wCANQPJ81AJCk5Esi
LTC: LbMPUzwPRkWa5hCJGrEiRCeoYExY6Ujt1D
LQC: vbJVpeF82Ezd3Dx8ubWeiFeEguFwPctzJL
I0C: jU8MuSJcw7XmauyddGFSoo5HzEAPgjxfsz
IXC: xhUfkeNiVGaWFkEcuv8tTUGHX6PLt9dZ94
PPC: PDtcFPhMa9Hc9zTfoRG7zcURCRpcpRdMym

[JMAHH]

http://blockchain.info/pools

All it would take is the collaboration of these Big 3 to turn the network to their will, whether it be in secret or otherwise. How do we turn them into tiny networks like on the other side of the graph?

You sound like one of these regulation-loving bureaucrats who have no clue about economics and break up corporations because they supposedly 'hurt' competition.

[JMAHH]

http://blockchain.info/pools

All it would take is the collaboration of these Big 3 to turn the network to their will, whether it be in secret or otherwise. How do we turn them into tiny networks like on the other side of the graph?

You sound like one of these regulation-loving bureaucrats who have no clue about economics and break up corporations because they supposedly 'hurt' competition.

Corporations themselves are a construct of the regulation-loving bureaucrats. Corporations lobby for regulations which their small business competitors can't afford. Corporations are limited liability so when they screw up, the owners won't be held accountable.

If you aren't a fan of the state, you shouldn't be a fan of corporations either.

Are you kidding? You don't have your economic/business theory in check.

How can you even try to imply that corporations, which are simply a legal construct and a synonym to "big businesses" are, per definition, entities that lobby the state?
Shouldn't you ask yourself WHY it is that they lobby the state? Because the state allows it... Because politicians like money. If that weren't the case, we wouldn't know lobbyism. But still the corporations are to blame?

And just to clarify the fundamentals: a "big business" was once a small business, too.

[JMAHH]

http://blockchain.info/pools

All it would take is the collaboration of these Big 3 to turn the network to their will, whether it be in secret or otherwise. How do we turn them into tiny networks like on the other side of the graph?

You sound like one of these regulation-loving bureaucrats who have no clue about economics and break up corporations because they supposedly 'hurt' competition.

Corporations themselves are a construct of the regulation-loving bureaucrats. Corporations lobby for regulations which their small business competitors can't afford. Corporations are limited liability so when they screw up, the owners won't be held accountable.

If you aren't a fan of the state, you shouldn't be a fan of corporations either.

Are you kidding? You don't have your economic/business theory in check.

How can you even try to imply that corporations, which are simply a legal construct and a synonym to "big businesses" are, per definition, entities that lobby the state?
Shouldn't you ask yourself WHY it is that they lobby the state? Because the state allows it... Because politicians like money. If that weren't the case, we wouldn't know lobbyism. But still the corporations are to blame?

And just to clarify the fundamentals: a "big business" was once a small business, too.

Well, there is quite clearly a difference between "sole proprietorship" and "corporation".

Are the corporations to blame? No, the public is to blame for allowing it to happen. Just as they are to blame for over reaching bureaucrats.

At this point, the two (corporations and government) are so entwined that the baby and the bath water must be thrown out if we are to expect any kind of change.

Okayed

[herzmeister]

Bitcoin is the central protocol.

As above, so below.

Some things we can't decentralize (for now), like the Internet, the Earth and the Sun. 

[rjk]

Atlas making Atlas threads again?

meh

[hazek]

http://blockchain.info/pools

All it would take is the collaboration of these Big 3 to turn the network to their will, whether it be in secret or otherwise. How do we turn them into tiny networks like on the other side of the graph?

This is about as diversified as I have seen the pool chart.   A year ago deepbit had half, now it takes 3 pools to get there.  

We went from a benevolent dictatorship to a benevolent oligarchy.

Let's make it a decentralized confederation.

You do realize that participation in a pool is voluntary and comprised of many many individual miners, right? If it were really an oligarchy their participation wouldn't be voluntary.

[hazek]

All

centralized

monetary systems tend towards corruption.

BitcoinGold is the central protocol.

When are you going to give it a rest?

[evoorhees]

http://blockchain.info/pools

All it would take is the collaboration of these Big 3 to turn the network to their will, whether it be in secret or otherwise. How do we turn them into tiny networks like on the other side of the graph?

This is about as diversified as I have seen the pool chart.   A year ago deepbit had half, now it takes 3 pools to get there.   

+1

Last year, the mining distribution was far more centralized. The problem has been fixing itself over time, and we should expect this, for free markets do not easily permit monopolies to occur (contrary to popular opinion).