Re: Opinions on the state of play.
Restricting the source code and restricting hashrate by brute force is the wrong way to go and unlikely to win friends. Excessive tinkering at this point would be unwise and it seems good the way it is right now imho. Far better to simply get the message across to the miners with over say 1 Mh/s at their disposal that they are actually the problem. These miners need to realize that they could be throwing far far less hashing at it and get much higher rewards. Yeah - it's counter-intuitive and people need to wise up. Perhaps this particular feature requires greater emphasis in publications. From a few back-of-a-cigarette-packet calculations I reckon miners should be aiming for a maximum 200 Kh/s each, then we can see how the totals work out in more detail. The only problem I see with this approach is that self-restraint in not general human nature while greed is generally the norm. XMG is different - greed should not be rewarded.
“Greed, hatred and ignorance rise endlessly, I vow to abandon them” - Zen chat
I agree, I sent you a tip for your wise words. I think in general that community and harmony will let us go farther faster and self-restraint will be helpful. The rules of the game are changing and thankfully so – many people are waking up to this.
However, I do think we have to give each other a break there are so many old habit energies that are hard for us to break – greed, stealing, and doing what is not of benefit even to ourselves in the long run. We really have know idea what someone's situation is; perhaps they are the 81 richest person in the world and they need just a little bit more to get in with the 80 people who's combined wealth equals that of the lower half of humanity. Perhaps they need to get the heck out of some terrible situation. Who are we to deprive them of their chance to earn more magic coins?
There is no real long term scarcity in cryptocoins - new coins are popping up every day some numbering in the billions - whats tough is to find is good community of supporters that are willing to put some value into the product they are building together and help each other out. We have a common goal and people working together can do wonderful things, I think toleration, generosity and incentives can work better than greed and ignorance in the long run.
XMG: 9Romi8ZpevAwcu218gNsuCrv8i9Li6oarj