I'd like to suggest adding a small subgoal:
P2pool compatible mining software for bitfury asics. I dont know how large a portion of the network bitfury-based devices make up. But I'd like to argue that as they still are the best available hardware to date, that is is a large %. Not having the option of mining on p2pool on them is a huge threshold. I myself have mined on p2pool on three generations of hardware, but have been unable to accomplish this on bitfury H-cards.
Topic: Bitcoin Decentralization Initiative - page 2. (Read 2018 times)
The Bitcoin Decentralization Initiative and Decentralization Fund
Everybody who has any investment into the bitcoin ecosystem should be interested in mitigating the existential risk presented by 51% and 26% attacks against the network.
I'm done hearing people talk about how nothing can be done about Bitcoin's centralization concerns and how "it's a free market! you can't do anything!". We *are part of* the free market. We as a community can help incentive structures in a way that encourages mining power to become more decentralized.
I am making the collection and allocation of resources towards promoting network health and reducing the amount of centralization we currently see in the Bitcoin network an explicit goal of mine. Naysayers need not waste their breath.
Actionable Plans
* Put a bounty on bitfury asic integration for p2pool
* Put a bounty on creating a "bitcoin network health" infographic. Some important points:
- An attacker does not actually need >50% hashrate to successfully double spend.
- 26% attack exists.
- "A pool with >50% wouldn't attack because they would destroy their own business model" doesn't really matter: What matters is how many people someone interested in *destroying bitcoin* would have to coerce.
Short-term goals:
* Establish credibility for the Fund by gathering a team of knowledgeable and trustworthy community members to guide and manage the allocation of resources.
* Foster discussion for the purpose of creating concrete and actionable plans for the Fund for both the short- and long-term future.
* Solicit donations from large BTC stakeholders who are interested in hedging against catastrophic loss of value
Medium-term goals:
* Fund the development of p2pool, particularly features that promote ease-of-use and profitability.
* Jumpstart p2pool adoptation by subsidizing p2pool miners (adding 1% to block rewards for p2pool payouts for a week, for example)
* Help smaller mining pools implement features which make their pools more competitive against the current largest pools.
* Educate the community about bitcoin network health
Long-term goals:
* Create a balance of mining pool control across jurisdictions. Most mining pools currently operate inside the US.
* Work with the core development team to make changes to the reference client to help support decentralization (for example, direct p2pool integration into bitcoind).
Everybody who has any investment into the bitcoin ecosystem should be interested in mitigating the existential risk presented by 51% and 26% attacks against the network.
I'm done hearing people talk about how nothing can be done about Bitcoin's centralization concerns and how "it's a free market! you can't do anything!". We *are part of* the free market. We as a community can help incentive structures in a way that encourages mining power to become more decentralized.
I am making the collection and allocation of resources towards promoting network health and reducing the amount of centralization we currently see in the Bitcoin network an explicit goal of mine. Naysayers need not waste their breath.
Actionable Plans
* Put a bounty on bitfury asic integration for p2pool
* Put a bounty on creating a "bitcoin network health" infographic. Some important points:
- An attacker does not actually need >50% hashrate to successfully double spend.
- 26% attack exists.
- "A pool with >50% wouldn't attack because they would destroy their own business model" doesn't really matter: What matters is how many people someone interested in *destroying bitcoin* would have to coerce.
Short-term goals:
* Establish credibility for the Fund by gathering a team of knowledgeable and trustworthy community members to guide and manage the allocation of resources.
* Foster discussion for the purpose of creating concrete and actionable plans for the Fund for both the short- and long-term future.
* Solicit donations from large BTC stakeholders who are interested in hedging against catastrophic loss of value
Medium-term goals:
* Fund the development of p2pool, particularly features that promote ease-of-use and profitability.
* Jumpstart p2pool adoptation by subsidizing p2pool miners (adding 1% to block rewards for p2pool payouts for a week, for example)
* Help smaller mining pools implement features which make their pools more competitive against the current largest pools.
* Educate the community about bitcoin network health
Long-term goals:
* Create a balance of mining pool control across jurisdictions. Most mining pools currently operate inside the US.
* Work with the core development team to make changes to the reference client to help support decentralization (for example, direct p2pool integration into bitcoind).
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