2. i think that the majority of ppl in this world want to be honest and wish to live in a society that has order. no one wants to live in chaos. everybody loses. in order for society to continue to progress and evolve, order, dependability, and a semblance of honesty is needed. thus, in a system with so much potential to do good, like Bitcoin, the overwhelming desire is for participants to want to do what makes the system thrive. to the extent that cheating, dishonesty, and colluding erodes confidence and threatens that goal, most participants will avoid those activities.
That is the same faith we put into a top-down democracy. Fact is a power vacuum sucks in those who can maximize the exploitation of the power vacuum.
You are violating the fundamental tenet of Satoshi's white paper which is decentralized trust, meaning we don't have to trust that people are honest.
You are blacksliding because there doesn't appear to be any solution the fact that pools become concentrated due to the variance cost to them not. It is pure economics.
Now what are the proposed solutions?
If there are none, we are just lying to ourselves and the decentralization is a mirage. And smooth's valuation statement follows accordingly.
As for the scaling of Bitcoin, they will never get there because there are these fundamental problems, such as the design decision to charge a transaction fee and the need to propagate all the transaction data before a new block can be started.
There are fundamental design errors here. Very very fundamental.
Who is going to fix this? And pronto!
There is a fundamental design error. They are just farting around the edges without going to the heart-of-the-matter, which is that transactions need to be orthogonal to blocks.
Bitcoin is headed towards centralization at a few servers. It was designed that way!
