nice to have drk for betting
Crouton, given your strong views around mining and the benefits of P2pool, I'm surprised you haven't commented on this.
I commented a page or three back here (I think it's a good idea, but not ideal) but I missed it on DCT back in April.
My stance is pretty simple: I am not comfortable trusting my investment (not Earth-shattering, but more than what I call pocket money) to three doofuses on the intertubes.
Imagine you had a $million or two. Would you really be happy putting millions of dollars into a system where your $millions could be rendered worthless overnight by somebody locating and compromising 3 servers or 3 server admins? Because that's the situation right now with PoW coins. You'd have to be actively stupid to trust such a system with any serious amount of investment.
It's a joke, it's pure toytown, someone could destroy BTC or DRK for a few thousand bucks tops.
Mmm...it's certainly worrying.
I've read the many interactions you've had with pool admins (if it wasn't so serious they'd be pure entertainment!)
I'm not knowledgeable enough on mining and pools to know what's truth/what's fiction.
But the fact that you're so concerned about it and the fact that these large pools (and ASICs) seem to be such a major concern means I'm wondering whether this is an elephant in the room that no one wants to deal with.
If this risk is as real as you're saying:
It's a joke, it's pure toytown, someone could destroy BTC or DRK for a few thousand bucks tops
then we need more debate and I'd really like Evan to comment and discus it too.
Evan, can you offer any assessment on the risk to Darkcoin in light of Crouton's concerns?
question to evan, would masternodes be able to differentiate p2pool from ordinary pools?
No, all miners look the same to the protocol. I like the idea of more users using P2Pool, but It's got to be the users that decide to do that, there's really no way to enforce it. Plus, I think the P2Pool software just needs improvement (complete rewrite probably).
The masternode system can't really do donations like people are asking for either, there's not a good way to do that. If people want to donate, they'll have to manually calculate some of the profit and send it that way .
Thanks for your response Evan. That's somewhat clarified the discussion points around p2pool and the fact masternodes don't operate in a manner to perform a donation function. Appreciate your points of view there.
I'm wondering though if you could comment on this risk (perceived or otherwise) that Lonecrouton has highlighted of the mining pools causing so much centralisation that DRK (and BTC) could be easily commandeered and controlled for very low cost. Is this true, is it possible, it it likely?
Crouton is obviously an intelligent guy and adds of lot of good content here on this forum. It's concerning that he is so emphatic about this issue with the mining pools (and has numerous heated interactions with them) yet no one else seems to share his level of concern. I'd really like to get to the nub of this to determine whether his concerns are justified and if they are what risk mitigation might be being undertaken.