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Author Topic: Bitcoin's value is decentralization  (Read 761 times)
Gabriel Beal
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June 19, 2011, 12:26:30 PM
 #1

This blog post I found, http://paulbohm.com/bitcoin-decentralization/, is really well done.  It did two things for me.  It introduced me to the Byzantine General's Problem (which I now see is well known in the bitcoin community) and it argues really convincingly about what bitcoin's central strength is.

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June 19, 2011, 01:51:31 PM
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Yes. Agree. Spread the word.
My concern are pools, hence the text in my signature Wink

Gabriel Beal
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June 19, 2011, 02:06:48 PM
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Yes, I think solo mining is cool.  Whenever I eventually finish building my mining rig, I'll be going solo.  I can handle the variance. Smiley

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June 19, 2011, 03:18:47 PM
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Mining for good pools is as profitable as solo mining. Anything else would be a flaw in the system.

A big mining pool could have its own secret mining software, which could hash a little quicker. But that doesn't matter, the 50 % are not magical.

Misspelling protects against dictionary attacks NOT
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