Author

Topic: Bitcoin Miners: a Conflict of Interest? (Read 2032 times)

sr. member
Activity: 280
Merit: 252
March 12, 2011, 07:15:45 AM
#9
Every miner most likely tells a few friends about their new endeavors. I know I did.
hero member
Activity: 714
Merit: 500
March 11, 2011, 06:44:11 PM
#8
I'm curious. I think it's a fair question, there are plenty of miners in BTC community at this point, and press will inevitably bring more miners into the system.  How does everybody feel about it?

I'm fine with it. Builds a stronger network for us. There's a 21 million bitcoin limit on the whole economy, so no matter how quickly the coins enter, they're all going to enter at some point. More miners, I would assume, would indicate more users. More users means a stronger economy.
newbie
Activity: 42
Merit: 0
March 08, 2011, 06:49:44 PM
#7
Mining is inevitable and rather than fear it we should embrace mining. One way that I think this could be done is by bringing the privilege of mining to the casual computer user who will make an investment to Bitcoin.
hero member
Activity: 711
Merit: 500
Fight fire with photos.
March 08, 2011, 06:19:02 PM
#6
I'm new to the whole thing, but I would think that higher demand with a limited supply is ultimately a goal of Bitcoin users, especially the early adopters. While you may not be generating coins as quickly, the coins you do have are worth much more. It also gets us to the point where we can redeem them for a wider range of products and services.
member
Activity: 81
Merit: 10
March 08, 2011, 06:14:36 PM
#5
Will edit based on feedback.
legendary
Activity: 1596
Merit: 1100
March 08, 2011, 06:12:55 PM
#4
I know that even asking this question may seem like heresy, but I'm curious. I think it's a fair question, the BTC community is mostly miners at this point, and press will inevitably bring more miners into the system.  How does everybody feel about it?

Who says the BTC community is mostly miners?

hero member
Activity: 532
Merit: 505
March 08, 2011, 06:12:36 PM
#3
the BTC community is mostly miners at this point,
says who? and how does he (that says) know?

Quote
and press will inevitably bring more miners into the system.
the more, the better.
the network gets stronger with more processing-power and it will be harder to attack.
hero member
Activity: 540
Merit: 500
March 08, 2011, 06:07:34 PM
#2
I may add :
- If only i discovered bitcoin sooner... :p
member
Activity: 81
Merit: 10
March 08, 2011, 05:58:45 PM
#1
I'm curious. I think it's a fair question, there are plenty of miners in BTC community at this point, and press will inevitably bring more miners into the system.  How does everybody feel about it?  [edit, did say: "mostly miners" edit 2: did say something to the effect of that the question might be unfair/heretical. i still don't think it is.]
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