Author

Topic: Bitcoin's value is decentralization (Read 984 times)

full member
Activity: 168
Merit: 103
June 19, 2011, 10:18:47 AM
#4
Quote
Mining for good pools is as profitable as solo mining. Anything else would be a flaw in the system.

A big mining pool could have its own secret mining software, which could hash a little quicker. But that doesn't matter, the 50 % are not magical.
full member
Activity: 210
Merit: 100
Fezzik, tear his arms off.
June 19, 2011, 09:06:48 AM
#3
Yes, I think solo mining is cool.  Whenever I eventually finish building my mining rig, I'll be going solo.  I can handle the variance. Smiley
legendary
Activity: 1862
Merit: 1114
WalletScrutiny.com
June 19, 2011, 08:51:31 AM
#2
Yes. Agree. Spread the word.
My concern are pools, hence the text in my signature Wink
full member
Activity: 210
Merit: 100
Fezzik, tear his arms off.
June 19, 2011, 07:26:30 AM
#1
This blog post I found, http://paulbohm.com/bitcoin-decentralization/, is really well done.  It did two things for me.  It introduced me to the Byzantine General's Problem (which I now see is well known in the bitcoin community) and it argues really convincingly about what bitcoin's central strength is.
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