[AGAINST 51% GROUP] PLEDGE AGAINST BITCOIN CENTRALISATION

[norgan]

BTC is open source too.
Do you have any control over the protocol other than switching pools?

I might not have good knowledge on p2pool ( I admit that) but what I do know is that we are screaming like girls whenever someone reaches high hashrates and create threads like this one instead of trying to pledge for a PERMANENT solution.

However, it has recently come to my understanding that a permanent solution is not in the plans of the core-dev team for various (and some of them valid) reasons.
Making changes to the protocol at this point will be difficult.
However Gavin himself said he has a "solutoin" should it be needed.

Well, it's needed.

that's what I am trying to say though, p2pool is a permanent solution. There are options to allow parent and child nodes also. We just need some dev work to add those new features.
You really should read up on it as it's some pretty cool stuff.

https://en.bitcoin.it/wiki/P2Pool

https://bitcointalk.org/index.php?topic=18313.0

You said it.

If decentralized mining is added to the protocol itself, problem solved, no need for switching pools.
I don't know how that can be done, but if it is, WE ARE OFF TO THE MOON!!!!!!!!

I guess you could find a way to make the Bitcoin network only accept hashes from p2pool nodes or that it must meet some other requirement that ensures any hashing power is distributed by a minimum amount.
My point is we have a choice as miners to start that already. p2pool varies between 500th/s to 1ph/s and there is talk form some large miners to point a few more ph/s at it.
if that's the case then more blocks will be found on p2pool providing more regular payments (less variance) which makes people feel better due to more regular payments. The other awesome thing is that btc is paid directly to your wallet the moment a block is found. no middle man, all payments are listed publically so there is no chance to fudge or cheat it.

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[LiteCoinGuy]

if i would be a minee, i would do this.

[sifter]

"AGAINST 51%"

GROUP PLEDGE AGAINST BITCOIN CENTRALISATION

CURRENT PROBLEM
GHASH = CEX + Other Miners = Near 51%

SOLUTION
Move out miners to other pools and make them equally fast.

THE PLAN
To gather as much miner, small home miners to fib farm miners and move out of a near 51% pool(Currently ghash) to another pool same day.
The movement in a single day will keep us all away from variance issue.

What you need to do?
Pledge here with your mining hash power for Sha256D and make a reminder in your mobile the switching date and switch to the other pool that day.
Switching day can be decided after we get gathered.

Also Add this Signature:

Code:

[color=blue][b]AGAINST 51% : PLEDGE AGAINST BITCOIN CENTRALISATION. [/b][/color][url=https://bitcointalk.org/index.php?topic=651211.0][color=blue][b]PLEDGE NOW![/b][/color][/url]

For the good will of the community & Bitcoin, inviting all to pledge here and join this AGAINST 51% group here to the betterment of all. Also put all your input here.

MOVING DAY: JULY 01 2014

I'm a bit confused, if the other miners all join another pool wont the other pool's share increase by about 10% and lead to that pool reaching 51%?

[beetcoin]

"AGAINST 51%"

GROUP PLEDGE AGAINST BITCOIN CENTRALISATION

CURRENT PROBLEM
GHASH = CEX + Other Miners = Near 51%

SOLUTION
Move out miners to other pools and make them equally fast.

THE PLAN
To gather as much miner, small home miners to fib farm miners and move out of a near 51% pool(Currently ghash) to another pool same day.
The movement in a single day will keep us all away from variance issue.

What you need to do?
Pledge here with your mining hash power for Sha256D and make a reminder in your mobile the switching date and switch to the other pool that day.
Switching day can be decided after we get gathered.

Also Add this Signature:

Code:

[color=blue][b]AGAINST 51% : PLEDGE AGAINST BITCOIN CENTRALISATION. [/b][/color][url=https://bitcointalk.org/index.php?topic=651211.0][color=blue][b]PLEDGE NOW![/b][/color][/url]

For the good will of the community & Bitcoin, inviting all to pledge here and join this AGAINST 51% group here to the betterment of all. Also put all your input here.

MOVING DAY: JULY 01 2014

I'm a bit confused, if the other miners all join another pool wont the other pool's share increase by about 10% and lead to that pool reaching 51%?

if you had ghash at 51%, and pool "x" at 10%.. and 20% of them moved from ghash to pool "x" it would be 30% and 31%.. it spreads the hashing power.

decentralization, at least to me, means that there is no player in the market with so much power that it could affect bitcoin's development.

[allcoinminer]

"AGAINST 51%"

GROUP PLEDGE AGAINST BITCOIN CENTRALISATION

CURRENT PROBLEM
GHASH = CEX + Other Miners = Near 51%

SOLUTION
Move out miners to other pools and make them equally fast.

THE PLAN
To gather as much miner, small home miners to fib farm miners and move out of a near 51% pool(Currently ghash) to another pool same day.
The movement in a single day will keep us all away from variance issue.

What you need to do?
Pledge here with your mining hash power for Sha256D and make a reminder in your mobile the switching date and switch to the other pool that day.
Switching day can be decided after we get gathered.

Also Add this Signature:

Code:

[color=blue][b]AGAINST 51% : PLEDGE AGAINST BITCOIN CENTRALISATION. [/b][/color][url=https://bitcointalk.org/index.php?topic=651211.0][color=blue][b]PLEDGE NOW![/b][/color][/url]

For the good will of the community & Bitcoin, inviting all to pledge here and join this AGAINST 51% group here to the betterment of all. Also put all your input here.

MOVING DAY: JULY 01 2014

I'm a bit confused, if the other miners all join another pool wont the other pool's share increase by about 10% and lead to that pool reaching 51%?

We will be moving without making such an issue.

[BittBurger]

The only solution is to change the core system but that's not in plan or not disclosed the plan yet by any.
And the only thing we can do is to just build a big crowd against the other big crowd and make them small.

Agreed.

[cech4204a]

I think that's a good idea there, but you have to give people also the reason why they have to make such actions, i understand why centralisation is not ok for BTC, but many still don't know and i think you should explain that also in this topic.

[norgan]

I think that's a good idea there, but you have to give people also the reason why they have to make such actions, i understand why centralisation is not ok for BTC, but many still don't know and i think you should explain that also in this topic.

http://www.btcpedia.com/bitcoin-51-attack/

https://www.youtube.com/watch?v=Kjtgp5h-jEY

[allcoinminer]

I think that's a good idea there, but you have to give people also the reason why they have to make such actions, i understand why centralisation is not ok for BTC, but many still don't know and i think you should explain that also in this topic.

If its centralised then why the need for crypto? Better options are already here, Dollar, Euro, Yen, etc.

[zimmah]

We are the 49% UNITE!

seriously though, if you really want to avoid large mining pools, make sure the alternatives to the status quo are at least as good as the status quo or you won't gain popularity. its that simple.

[LiteCoinGuy]

i found two ideas on reddit to prevent 51% but iam not tech-savvy enough to give a feedback:

https://medium.com/@RKHilbertSpace/elminating-mining-pool-concentration-in-bitcoin-196d02bf2d81

https://medium.com/@lmgoodman/preventing-mining-pool-concentration-with-lamport-signatures-e7601c474343

[sifter]

what is the current percentage?

[allcoinminer]

what is the current percentage?

Checkout https://blockchain.info/pools

[sifter]

what is the current percentage?

Checkout https://blockchain.info/pools

Thanks, i forgot about that.

[norgan]

Dear all,

development of p2pool has sparked up again and there are several developers working on some new features and fixes, including the lead dev forrestv.

Starting from here https://bitcointalk.org/index.php?topic=18313.9100 there is much discussion about where it can go and what needs to happen to make it more feasible in regards to large and small miners and variance.

I think in the coming months we might see a truly viable new model for how Bitcoin is mined.

[jabo38]

Pretty sad situation that Ghash has created. 

Ghash = booooooo

[allcoinminer]

Pretty sad situation that Ghash has created. 

Ghash = booooooo

Creation of Ghash is not the problem. This is free market and they have the right to create.

[rext]

ghash cartel~ lol, just kidding.