Deepbit needs to be dismantled immediately. - page 2.

John (John K.)

legendary

Activity: 1288

Merit: 1227

Away on an extended break

Quote from: Jon on March 22, 2012, 11:19:26 PM

I don't care what the means are. They have the direct ability and financial incentive to influence the dev team to their whims -- and vice-versa. The 30%+ hash rate is a dangerous majority and needs to be lowered to less than 10%.

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

Join me. Join the cause of getting all miners on P2Pool and away from these power-wielding parents we call pools.

You high on SR stuff again, Atlas? Might it be those new "products" that you beta-tested?

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: Clipse on March 23, 2012, 10:04:14 AM

Quote from: Shuai on March 23, 2012, 09:45:39 AM

Wasn't Atlas permabanned?

Its not possible to permaban the GOD that holds the universe together

Atlas isn't god he is just God's semi delusional economic adviser on earthly finances.

Clipse

hero member

Activity: 504

Merit: 502

Quote from: Shuai on March 23, 2012, 09:45:39 AM

Wasn't Atlas permabanned?

Its not possible to permaban the GOD that holds the universe together

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Quote from: Shuai on March 23, 2012, 09:45:39 AM

Wasn't Atlas permabanned?

Yay! More people asking the right questions.

Shuai

full member

Activity: 189

Merit: 100

Wasn't Atlas permabanned?

Stardust

full member

Activity: 189

Merit: 100

Mystery Miner is at large, but Atlas is worried about Deepbit...

N12

donator

Activity: 1610

Merit: 1010

Quote from: cypherdoc on March 23, 2012, 08:48:53 AM

actually i was thinking 30% is way better than when it used to be in the 40's and is a clear example of how the market is automatically spreading out the pool concentration. i think p2pool had a lot to do with this. leave Deepbit alone. what's so bad about 30% anyway?

Agreed. I was pretty upset when it was >50% last year, but this is satisfactory now.

Also, it can be a good thing to have multiple major trusted pools which can get the majority of the hashrate, as we have seen recently with BIP 16.

BubbleBoy

sr. member

Activity: 504

Merit: 250

Quote

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

What will you do exactly ?

Also, I'm not sure you understand the incentives structure. A 50% pool is in the position to form a cartel and double the average payout. The profits of the cartel member will rise dramatically, if they had a 10% profit margin on the open market, they will increase the profits by 11 times when the cartel starts operating. It seems miners have all the reasons to join DeepBit before they close doors to new members, and the "Bitcoin shareholders" can't do jack shit about it.

cypherdoc

legendary

Activity: 1764

Merit: 1002

actually i was thinking 30% is way better than when it used to be in the 40's and is a clear example of how the market is automatically spreading out the pool concentration. i think p2pool had a lot to do with this. leave Deepbit alone. what's so bad about 30% anyway?

rjk

sr. member

Activity: 448

Merit: 250

1ngldh

Quote from: Jon on March 22, 2012, 11:19:26 PM

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

No, I do not want it to change. Deepbit is an excellent community asset, and if you don't know why then you can go pound sand.

While p2pool is the future, the free market does not support your attempt to rip away power based on your own whims, when such power was gained through stability, honesty, and trust in the fact that stats aren't being fudged to line their pockets.

Other relevant reasons have been quoted by posters before me, read them - they are accurate.

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Quote from: Jon on March 22, 2012, 11:19:26 PM

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

WATCH OUT GUYS. HE'S GOING TO PROTEST DEEPBIT BY BUILDING AN IKEA TABLE.

Seriously Atlas, if your typical day consists of being worthless as it is, you not resting just means you'll be worthless and tired.

benjamindees

legendary

Activity: 1330

Merit: 1000

Quote from: Brunic on March 23, 2012, 04:00:24 AM

lol! You need to tell that to the Russians and Chinese. They are the ones on this pool, because it's the only big pool that is in their language.

Information disparity.

Brunic

hero member

Activity: 632

Merit: 500

lol! You need to tell that to the Russians and Chinese. They are the ones on this pool, because it's the only big pool that is in their language.

Translate p2pool first in a appropriate language, and try again. And no, english-only is not a appropriate language, you're excluding 75% of the Internet population.

bitclown

full member

Activity: 185

Merit: 100

By including more free transactions than any other larger pool, P2Pool included, Deepbit appears to care more about Bitcoin's future than most miners. Should Deepbit be compromised, participants will take their hashing power elsewhere and evil blocks will be orphaned. I'm more concerned about the Magical Mystery Miner, who doesn't seem to have Bitcoin's best interest at heart.

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Puhlease. If people don't like deepbit's decisions they'll move to a pool they do agree with.

N12

donator

Activity: 1610

Merit: 1010

Problem with the free market, Atlas?

NothinG

hero member

Activity: 560

Merit: 500

I'm all for this motion.
Down with the sickness, please.

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: Jon on March 22, 2012, 11:19:26 PM

...away from these power-wielding parents we call pools.

I knew it! Stefan Molyneux DOES post here!!

Jon

donator

Activity: 98

Merit: 12

No Gods; No Masters; Only You

I don't care what the means are. They have the direct ability and financial incentive to influence the dev team to their whims -- and vice-versa. The 30%+ hash rate is a dangerous majority and needs to be lowered to less than 10%.

I WILL NOT REST UNTIL DEEPBIT IS A SUBJECT TO THE WHIMS OF ALL BITCOIN SHAREHOLDERS.

Bitcoin shareholders, your assets are in the hands of this monstrosity. Do you want that to change?

Join me. Join the cause of getting all miners on P2Pool and away from these power-wielding parents we call pools.

Topic: Deepbit needs to be dismantled immediately. - page 2. (Read 5066 times)