Satoshi proposed a gentlemans agreement to postpone GPU mining (2009) - page 3.

Kluge

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Quote from: davout on August 30, 2013, 04:39:16 AM

Quote from: Kluge on August 30, 2013, 04:27:26 AM

This was before it was relatively easy to simply purchase coins, so new users, unless they begged or used a faucet, were practically required to mine BTC to use it. Making BTC more difficult to mine would've limited adoption.

Not true.
In these immemorial times mtgox was still unctional, at some point accepted paypal, and credit cards through liqpay.

Oh - my bad. Alright, people could've sent money to a just-established trading card exchange for BTC. Tongue

ETA: Guess I did say easy, not confidence-inspiring.

davout

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1davout

Quote from: Kluge on August 30, 2013, 04:27:26 AM

This was before it was relatively easy to simply purchase coins, so new users, unless they begged or used a faucet, were practically required to mine BTC to use it. Making BTC more difficult to mine would've limited adoption.

Not true.
In these immemorial times mtgox was still unctional, at some point accepted paypal, and credit cards through liqpay.

e4xit

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Yeah that's true I suppose.

I'm sure I often hear people spouting things like "Satoshi never envisioned GPU or pooled mining", so I just found it kinda interesting that it was proposed to him this long ago, and he answered as if he had always known it was coming, but was trying to stay quiet about it for as long as possible....

Kluge

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Activity: 1218

Merit: 1015

This was before it was relatively easy to simply purchase coins, so new users, unless they begged or used a faucet, were practically required to mine BTC to use it. Making BTC more difficult to mine would've limited adoption.

davout

legendary

Activity: 1372

Merit: 1008

1davout

Ask people to be nice to each other.
Jesus tried that already.

e4xit

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Activity: 302

Merit: 250

Just a general FYI I suppose, I found it interesting... Roll Eyes

Quote from: satoshi on December 12, 2009, 12:52:44 PM

The average total coins generated across the network per day stays the same. Faster machines just get a larger share than slower machines. If everyone bought faster machines, they wouldn't get more coins than before.

We should have a gentleman's agreement to postpone the GPU arms race as long as we can for the good of the network. It's much easer to get new users up to speed if they don't have to worry about GPU drivers and compatibility. It's nice how anyone with just a CPU can compete fairly equally right now.

Topic: Satoshi proposed a gentlemans agreement to postpone GPU mining (2009) - page 3. (Read 7748 times)