Concerns: The Centralization of a Decentralize Currency

[Tuxavant]

Just posting my vote to bring back mining into the qt client for all the reason's listed. Everyone should be contributing their individual votes to the security of the network as CPU cycles.

I'd like to see a feature in the client that lets me select a core or dedicated CPU utilization while running - or a full utilization timer for a pre-selected amount of time or a seti style mining schedule that kicks off when you're not logged in or otherwise using the computer.

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[rjk]

Just posting my vote to bring back mining into the qt client for all the reason's listed. Everyone should be contributing their individual votes to the security of the network as CPU cycles.

I'd like to see a feature in the client that lets me select a core or dedicated CPU utilization while running - or a full utilization timer for a pre-selected amount of time or a seti style mining schedule that kicks off when you're not logged in or otherwise using the computer.

I still think the mining code should be kept out of the client, however I think it would be a good idea to have p2pool built in.

[DeathAndTaxes]

Decentralized systems often settle into some kind of "power law distribution."

THIS.

For some reason some people think decentralized means a socialist network where every node is exactly equal.  That is never going to happen.

Look at gold production as a analogy.

Lot of people buy/use gold but only a tiny fraction actual mine gold.
Someday lots of people will buy/use Bitcoin but only a tiny fraction will actual mine coins.

Gold mining is decentralized with operations around the globe.
Bitcoin mining is decentralized with operations around the globe.

Although no company has control of Gold wholesale market roughly a dozen companies produce the lions share of the world's gold.
Although no pool has control of Bitcoin supply roughly a dozen pools produce the lions share of the world's coins.

[JusticeForYou]

Decentralized systems often settle into some kind of "power law distribution."

THIS.

For some reason some people think decentralized means a socialist network where every node is exactly equal.  That is never going to happen.

Look at gold production as a analogy.

Lot of people buy/use gold but only a tiny fraction actual mine gold.
Someday lots of people will buy/use Bitcoin but only a tiny fraction will actual mine coins.

Gold mining is decentralized with operations around the globe.
Bitcoin mining is decentralized with operations around the globe.

Although no company has control of Gold wholesale market roughly a dozen companies produce the lions share of the world's gold.
Although no pool has control of Bitcoin supply roughly a dozen pools produce the lions share of the world's coins.

DeBeers Diamonds is the reply.

[DeathAndTaxes]

Decentralized systems often settle into some kind of "power law distribution."

THIS.

For some reason some people think decentralized means a socialist network where every node is exactly equal.  That is never going to happen.

Look at gold production as a analogy.

Lot of people buy/use gold but only a tiny fraction actual mine gold.
Someday lots of people will buy/use Bitcoin but only a tiny fraction will actual mine coins.

Gold mining is decentralized with operations around the globe.
Bitcoin mining is decentralized with operations around the globe.

Although no company has control of Gold wholesale market roughly a dozen companies produce the lions share of the world's gold.
Although no pool has control of Bitcoin supply roughly a dozen pools produce the lions share of the world's coins.

DeBeers Diamonds is the reply.

Which is why they are not called DeBeers Gold.  Diamonds are next to worthless.   Artificial scarcity is necessary to prevent people from realizing the ring they bought has been marked up 50,000%.  Calling it "marked up" is actually nice.  It is a worthless chunk of extremely common rock.  It has no value beyond the artificial marketing and control of the diamond industry (and BTW yes I bought my wife a diamond engagement ring years ago).  "Diamonds are forever" didn't exist prior to 70 years ago and likely due to creation of flawless synthetics won't last another 70.