Deepbit needs to be dismantled immediately.

[Jon]

I don't care what the means are. They have the direct ability and financial incentive to influence the dev team to their whims -- and vice-versa. The 30%+ hash rate is a dangerous majority and needs to be lowered to less than 10%.

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

Join me. Join the cause of getting all miners on P2Pool and away from these power-wielding parents we call pools.

[1715442494]

1715442494

[1715442494]

1715442494

[1715442494]

1715442494

[Kluge]

...away from these power-wielding parents we call pools.

I knew it! Stefan Molyneux DOES post here!!

[NothinG]

I'm all for this motion.
Down with the sickness, please.

[N12]

Problem with the free market, Atlas?

[FreeMoney]

Puhlease. If people don't like deepbit's decisions they'll move to a pool they do agree with.

[bitclown]

By including more free transactions than any other larger pool, P2Pool included, Deepbit appears to care more about Bitcoin's future than most miners. Should Deepbit be compromised, participants will take their hashing power elsewhere and evil blocks will be orphaned. I'm more concerned about the Magical Mystery Miner, who doesn't seem to have Bitcoin's best interest at heart.

[Brunic]

lol! You need to tell that to the Russians and Chinese. They are the ones on this pool, because it's the only big pool that is in their language.

Translate p2pool first in a appropriate language, and try again. And no, english-only is not a appropriate language, you're excluding 75% of the Internet population.

[benjamindees]

Problem with the free market, Atlas?

lol! You need to tell that to the Russians and Chinese. They are the ones on this pool, because it's the only big pool that is in their language.

Information disparity.

[Matthew N. Wright]

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

WATCH OUT GUYS. HE'S GOING TO PROTEST DEEPBIT BY BUILDING AN IKEA TABLE.

Seriously Atlas, if your typical day consists of being worthless as it is, you not resting just means you'll be worthless and tired.

[rjk]

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

No, I do not want it to change. Deepbit is an excellent community asset, and if you don't know why then you can go pound sand.

While p2pool is the future, the free market does not support your attempt to rip away power based on your own whims, when such power was gained through stability, honesty, and trust in the fact that stats aren't being fudged to line their pockets.

Other relevant reasons have been quoted by posters before me, read them - they are accurate.

[cypherdoc]

actually i was thinking 30% is way better than when it used to be in the 40's and is a clear example of how the market is automatically spreading out the pool concentration.  i think p2pool had a lot to do with this.  leave Deepbit alone.  what's so bad about 30% anyway?

[BubbleBoy]

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

What will you do exactly ?

Also, I'm not sure you understand the incentives structure. A 50% pool is in the position to form a cartel and double the average payout. The profits of the cartel member will rise dramatically, if they had a 10% profit margin on the open market, they will increase the profits by 11 times when the cartel starts operating. It seems miners have all the reasons to join DeepBit before they close doors to new members, and the "Bitcoin shareholders" can't do jack shit about it.

[N12]

actually i was thinking 30% is way better than when it used to be in the 40's and is a clear example of how the market is automatically spreading out the pool concentration.  i think p2pool had a lot to do with this.  leave Deepbit alone.  what's so bad about 30% anyway?

Agreed. I was pretty upset when it was >50% last year, but this is satisfactory now.

Also, it can be a good thing to have multiple major trusted pools which can get the majority of the hashrate, as we have seen recently with BIP 16.

[Stardust]

Mystery Miner is at large, but Atlas is worried about Deepbit...

[Shuai]

Wasn't Atlas permabanned?

[Matthew N. Wright]

Wasn't Atlas permabanned?

Yay!  More people asking the right questions.

[Clipse]

Wasn't Atlas permabanned?

Its not possible to permaban the GOD that holds the universe together

[DeathAndTaxes]

Wasn't Atlas permabanned?

Its not possible to permaban the GOD that holds the universe together

Atlas isn't god he is just God's semi delusional economic adviser on earthly finances.

[John (John K.)]

I don't care what the means are. They have the direct ability and financial incentive to influence the dev team to their whims -- and vice-versa. The 30%+ hash rate is a dangerous majority and needs to be lowered to less than 10%.

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

Join me. Join the cause of getting all miners on P2Pool and away from these power-wielding parents we call pools.

You high on SR stuff again, Atlas? Might it be those new "products" that you beta-tested?

[Matthew N. Wright]

Can we all agree to respond to Atlas threads with "Shut up, Atlas."?

Here, I'll start.

Shut up, Atlas.

[Matthew N. Wright]

Since my last post in this thread was deleted, here's a new one.

Shut up, Atlas.

Shut up, Atlas.

[Transisto]

Yeah, Whatever.

[Raize]

I think the BIP16/17 debate showed just how powerless Deepbit as a pool and Tycho as the operator really are. The biggest mining pool has to deal with the fact that if enough other pools leave that the bigger pools take over 50% of the network, thus running the risk of forking the blockchain, so they are essentially FORCED to follow the decisions of the other pools.

Slush and BTCGuild had more power than Tycho because they make quick decisions to support BIP16.

If anything, the only thing that was kind of astounding about the whole ordeal was that Gavin actually implored that Tycho make a decision in his forum signature. That should really be regarded as a big WTF. I realize that Gavin didn't mean ill at the time, but we can't have developers persuading pool operators into taking particular actions and still make the case that Bitcoin is any better than the US Federal Reserve note.

I honestly believe there should be wall of separation between developer and mining pool operator, just like there is a wall of separation between church and state. Good intentions or not, it removes any democratic debate to collude. My big concern going forward is that we'll see more cooperation between miner and developer. (That said, my decision to stop mining at Eligius was for similar distrust of luke-jr's actions)

[Shadow383]

I don't care what the means are. They have the direct ability and financial incentive to influence the dev team to their whims -- and vice-versa. The 30%+ hash rate is a dangerous majority and needs to be lowered to less than 10%.

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

Join me. Join the cause of getting all miners on P2Pool and away from these power-wielding parents we call pools.

Having the illusive man as a user icon put your comment in a rather negative light 

[Prattler]

Could someone make a simple script or something to DDoS deepbit? I'd happily donate some CPU and bandwidth to such noble cause.

[Shadow383]

Could someone make a simple script or something to DDoS deepbit? I'd happily donate some CPU and bandwidth to such noble cause.

1-That's easy, there are scripts to do that all over the internet.
2-Go fuck yourself, deepbit are successful, deal with it 

[m3ta]

lol! You need to tell that to the Russians and Chinese. They are the ones on this pool, because it's the only big pool that is in their language.

Translate p2pool first in a appropriate language, and try again. And no, english-only is not a appropriate language, you're excluding 75% of the Internet population.

So, you're saying that 100% of Russians and Chinese can not read English.

Really... GTFO, DIAF (insert more if needed, you get the idea). Wake up.

[TurdHurdur]

Go pay Tycho to dismantle it.

[vmarchuk]

lol! You need to tell that to the Russians and Chinese. They are the ones on this pool, because it's the only big pool that is in their language.

ти є цiлкoм дypний.

[grndzero]

I don't care what the means are. They have the direct ability and financial incentive to influence the dev team to their whims -- and vice-versa. The 30%+ hash rate is a dangerous majority and needs to be lowered to less than 10%.

The ignorance just makes me want to move all my miners to Deepbit.

It seems that soon we are going to need a Occupy Bitcoin sub-forum and a Tea-Bagger forum to accompany it

[organofcorti]

Either Atlas revels in his ignorance or makes issues up so that people will tell him off. He's a masochist with delusions of grandeur.

[worldinacoin]

There are a lot of pools out there, and miners still go to Deepbit, let the Invisible Hand decides.

[Kluge]

There are a lot of pools out there, and miners still go to Deepbit, let the Invisible Hand decides.

Invisible Hand doesn't work very efficiently without all parties being informed ("creative destruction" isn't necessary if parties pulled their money out prior to the "destruction" -- that's a concept only logical when a company's already insolvent and unprofitable). Threads like this are necessary. (not that I agree with Atlas, though I like the concept of p2pool)

[grue]

There are a lot of pools out there, and miners still go to Deepbit, let the Invisible Hand decides.

do you have a better argument than just reciting the free market slogan?

[Dutch Merganser]

I don't care what the means are. They have the direct ability and financial incentive to influence the dev team to their whims -- and vice-versa. The 30%+ hash rate is a dangerous majority and needs to be lowered to less than 10%.

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

Join me. Join the cause of getting all miners on P2Pool and away from these power-wielding parents we call pools.

Join you? Join you to the tail of a human centipede. You're a natural, you love eating other people's shit on this forum, you can't even help yourself enough to stay away from it. Atlas says, "Yum!".

You are a guaranteed ridiculous fool every time you click on post here, that's your lot as a shit eater, it's very clear you don't come here for any other reason.

So, who fucked you up in the head so badly that you must come here to show it off? You really should seek professional help with this.

[bitlane]

what's a mystery miner?

..kinda like a bitcoin miner, but their currency is mystery and the hashing algorithm is optimized for Apple IIe and Commodore 64 (although I am hoping for Vic20 compatibility soon).

[Graet]

Mystery Miner is at large, but Atlas is worried about Deepbit...

what's a mystery miner?

someone that was mining ~15% of the blocks before bip16. and didn't include transactions in their blocks, several threads on that topic around the forum :/
their identity is a "mystery"..

[Fiyasko]

I think everyone heres missing the point.
Atlas, Shut up.

Deepbit was at 46% at one point, Having it around 30%? Nothing wrong with that.

[beaups]

I don't care what the means are. They have the direct ability and financial incentive to influence the dev team to their whims -- and vice-versa. The 30%+ hash rate is a dangerous majority and needs to be lowered to less than 10%.

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

Join me. Join the cause of getting all miners on P2Pool and away from these power-wielding parents we call pools.

Please go look up the definition of majority.