Well, maybe we need to understand/realise/'get-used-to-the-fact' that someone/anyone with LARGE computers needs to MAINTAIN the NETWORK ?
Is that so BAD ?
If people want to be able to log on to the network, in the leaf-peer non-miner mode, then someone is going to have to deal with their requests. And there in lies the problem. As they need to be rewarded for doing this, as is only right.
PoS just doesn't make sense to me, as someone who is prepared to get 51% of the HASH power, would surely also be prepared to buy a large enough PoS to mess around with. no ?
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Quote from: Impaler on Today at 11:06:31 AM
Ultimately PoW is just never going to be remotely well distributed (if we define that as most mining done by regular peoples regular PC's),
It can be if you can come up with something better than just a brain-dead algorithm.
The PoW system is the very basis of the timestamp server at the heart of bitcoin. I think ,for now, it's all we have and will have.. Although I do like the whole p2pool mining.. that looks interesting.. maybe it can be embedded deep into a new coin.
AND so - in conclusion, SCRYPT is only valuable in that it can be run at the same time as a normal bitcoin miner, so that a miner can do both. ?
Well, that's something.