To stop centralization, you need to cap the Difficulty, not the Blocksize !!! - page 3.

adamstgBit

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Quote from: yayayo on September 10, 2015, 11:34:46 AM

Pools are not centralizing Bitcoin, because they compete with each other and miners are free to choose with which pool they want to mine.

The problems created by excessive block sizes are far more serious, because this leads to a reduction in the number of all full nodes, not just miners. This would reduce the overall security of the network and make surveillance / blocking of nodes much easier.

ya.ya.yo!

let's say there are 0 full nodes only minners, how does this impact security? only total hashing power determines the level of security no?

yayayo

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Pools are not centralizing Bitcoin, because they compete with each other and miners are free to choose with which pool they want to mine.

The problems created by excessive block sizes are far more serious, because this leads to a reduction in the number of all full nodes, not just miners. This would reduce the overall security of the network and make surveillance / blocking of nodes much easier.

ya.ya.yo!

adamstgBit

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Quote from: GermanGiant on September 10, 2015, 11:20:31 AM

Quote from: adamstgBit on September 09, 2015, 05:09:36 PM

if anything pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

According to this logic central banks allow decentralization of wealth.

my logic is irrefutable.

without pools bitcoin mining would only be feasible by massive multi million dollar mining farms.

GermanGiant

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Quote from: adamstgBit on September 09, 2015, 05:09:36 PM

if anything pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

According to this logic central banks allow decentralization of wealth.

adamstgBit

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Quote from: GermanGiant on September 09, 2015, 05:15:37 PM

Quote from: adamstgBit on September 09, 2015, 05:09:36 PM

and if a pool ever do not operate to an individual's liking he is free to choose a pool that dose.

This is only a theory and does not happen in practical life due to inertia problem. This is the reason XT could not gain traction. As long as the exisitng setup is not directly hurting them, majority does not want a change. So, whatever the pool owner choses will be accepted by an average miner.

well i guess that's true to a point
if a pool public announces its running XT code ready to fork bitcoin
you can bet your ass everyone will vacate that pool.
actually poeple stopped going to and switch out of ghah.io pool when it hit >51% power

GermanGiant

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Quote from: adamstgBit on September 09, 2015, 05:09:36 PM

and if a pool ever do not operate to an individual's liking he is free to choose a pool that dose.

This is only a theory and does not happen in practical life due to inertia problem. This is the reason XT could not gain traction. As long as the exisitng setup is not directly hurting them, majority does not want a change. So, whatever the pool owner choses will be accepted by an average miner.

adamstgBit

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Quote from: GermanGiant on September 09, 2015, 05:01:12 PM

I see, there are people saying that increasing block size will increase centralization. This is true. But, the heart of bitcoin, i.e. mining, is already centralized. And this is due to pool mining. I hear, miners will decide with their hash power that which BIP will win. But, this is practically pool owners are chosing, not an average miner. If you want to stop this centralization, break the pools. This requires capping the difficulty, not the blocksize.

mining pools do not "centralize" bitcoin.
for example, the current voting going on isn't made by the pools individual miners of that pools choose what they are voting for.
and if a pool ever do not operate to an individual's liking he is free to choose a pool that dose.
if anything pools allow for further decentralization of bitcoin mining by allowing small miners to continue to mine at such a high difficulty.

meono

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Or maybe you forgot your meds today? So your brain is farting ?

meono

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Quote from: GermanGiant on September 09, 2015, 05:01:12 PM

I see, there are people saying that increasing block size will increase centralization. This is true. But, the heart of bitcoin, i.e. mining, is already centralized. And this is due to pool mining. I hear, miners will decide with their hash power that which BIP will win. But, this is practically pool owners are chosing, not an average miner. If you want to stop this centralization, break the pools. This requires capping the difficulty, not the blocksize.

Omg i think you might beat turtlehuricane in stupidity contest.....

Wow

GermanGiant

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I see, there are people saying that increasing block size will increase centralization. This is true. But, the heart of bitcoin, i.e. mining, is already centralized. And this is due to pool mining. I hear, miners will decide with their hash power that which BIP will win. But, this is practically pool owners are chosing, not an average miner. If you want to stop this centralization, break the pools. This requires capping the difficulty, not the blocksize.

March 2, 2016 Update : Core devs are now planning a Hardfork to fix difficulty drop algorithm.

Topic: To stop centralization, you need to cap the Difficulty, not the Blocksize !!! - page 3. (Read 2851 times)