Deepbit needs to be dismantled immediately.

beaups

newbie

Activity: 35

Merit: 0

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.

Please go look up the definition of majority.

Fiyasko

legendary

Activity: 1428

Merit: 1001

Okey Dokey Lokey

I think everyone heres missing the point.
Atlas, Shut up.

Deepbit was at 46% at one point, Having it around 30%? Nothing wrong with that.

Graet

vip

Activity: 980

Merit: 1001

Quote from: ?? on ??

Quote from: Stardust on March 23, 2012, 09:37:00 AM

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

what's a mystery miner?

someone that was mining ~15% of the blocks before bip16. and didn't include transactions in their blocks, several threads on that topic around the forum :/
their identity is a "mystery"..

bitlane

sr. member

Activity: 462

Merit: 250

I heart thebaron

Quote from: ?? on ??

what's a mystery miner?

..kinda like a bitcoin miner, but their currency is mystery and the hashing algorithm is optimized for Apple IIe and Commodore 64 (although I am hoping for Vic20 compatibility soon).

Dutch Merganser

member

Activity: 84

Merit: 10

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.

Join you? Join you to the tail of a human centipede. You're a natural, you love eating other people's shit on this forum, you can't even help yourself enough to stay away from it. Atlas says, "Yum!".

You are a guaranteed ridiculous fool every time you click on post here, that's your lot as a shit eater, it's very clear you don't come here for any other reason.

So, who fucked you up in the head so badly that you must come here to show it off? You really should seek professional help with this.

grue

legendary

Activity: 2058

Merit: 1452

Quote from: worldinacoin on April 01, 2012, 04:13:59 AM

There are a lot of pools out there, and miners still go to Deepbit, let the Invisible Hand decides.

do you have a better argument than just reciting the free market slogan?

Kluge

donator

Activity: 1218

Merit: 1015

Quote from: worldinacoin on April 01, 2012, 04:13:59 AM

There are a lot of pools out there, and miners still go to Deepbit, let the Invisible Hand decides.

Invisible Hand doesn't work very efficiently without all parties being informed ("creative destruction" isn't necessary if parties pulled their money out prior to the "destruction" -- that's a concept only logical when a company's already insolvent and unprofitable). Threads like this are necessary. (not that I agree with Atlas, though I like the concept of p2pool)

worldinacoin

hero member

Activity: 756

Merit: 500

There are a lot of pools out there, and miners still go to Deepbit, let the Invisible Hand decides.

organofcorti

donator

Activity: 2058

Merit: 1007

Poor impulse control.

Either Atlas revels in his ignorance or makes issues up so that people will tell him off. He's a masochist with delusions of grandeur.

grndzero

sr. member

Activity: 392

Merit: 250

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%.

The ignorance just makes me want to move all my miners to Deepbit.

It seems that soon we are going to need a Occupy Bitcoin sub-forum and a Tea-Bagger forum to accompany it

vmarchuk

newbie

Activity: 45

Merit: 0

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.

ти є цiлкoм дypний.

TurdHurdur

full member

Activity: 216

Merit: 100

Go pay Tycho to dismantle it.

m3ta

sr. member

Activity: 435

Merit: 250

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.

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.

So, you're saying that 100% of Russians and Chinese can not read English.

Really... GTFO, DIAF (insert more if needed, you get the idea). Wake up.

Shadow383

sr. member

Activity: 336

Merit: 250

Quote from: Prattler on March 24, 2012, 07:54:10 AM

Could someone make a simple script or something to DDoS deepbit? I'd happily donate some CPU and bandwidth to such noble cause.

1-That's easy, there are scripts to do that all over the internet.
2-Go fuck yourself, deepbit are successful, deal with it Roll Eyes

Prattler

full member

Activity: 192

Merit: 100

Could someone make a simple script or something to DDoS deepbit? I'd happily donate some CPU and bandwidth to such noble cause.

Shadow383

sr. member

Activity: 336

Merit: 250

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.

Having the illusive man as a user icon put your comment in a rather negative light Grin

Raize

donator

Activity: 1419

Merit: 1015

I think the BIP16/17 debate showed just how powerless Deepbit as a pool and Tycho as the operator really are. The biggest mining pool has to deal with the fact that if enough other pools leave that the bigger pools take over 50% of the network, thus running the risk of forking the blockchain, so they are essentially FORCED to follow the decisions of the other pools.

Slush and BTCGuild had more power than Tycho because they make quick decisions to support BIP16.

If anything, the only thing that was kind of astounding about the whole ordeal was that Gavin actually implored that Tycho make a decision in his forum signature. That should really be regarded as a big WTF. I realize that Gavin didn't mean ill at the time, but we can't have developers persuading pool operators into taking particular actions and still make the case that Bitcoin is any better than the US Federal Reserve note.

I honestly believe there should be wall of separation between developer and mining pool operator, just like there is a wall of separation between church and state. Good intentions or not, it removes any democratic debate to collude. My big concern going forward is that we'll see more cooperation between miner and developer. (That said, my decision to stop mining at Eligius was for similar distrust of luke-jr's actions)

Transisto

donator

Activity: 1731

Merit: 1008

Yeah, Whatever.

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Quote from: ?? on ??

Since my last post in this thread was deleted, here's a new one.

Shut up, Atlas.

Shut up, Atlas.

Matthew N. Wright

hero member

Activity: 588

Merit: 500

Hero VIP ultra official trusted super staff puppet

Can we all agree to respond to Atlas threads with "Shut up, Atlas."?

Here, I'll start.

Shut up, Atlas.

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. (Read 5066 times)