Topic: Who needs Satoshi Nakamoto principles? - page 4. (Read 1109 times)

Jeebus. Wasn't what I said clear enough? I never said that the rich and the poor shouldn't have equal opportunity to mine bitcoin. Re-read what I said. The rich will almost ALWAYS have better opportunities than the poor. That's how LIFE works; especially talking about decentralization. Yes, I don't like it either, but there's almost no way to circumvent this.

P.S. Also, the poor can still mine bitcoin. Just mostly not through home computers and most definitely not on smartphones. They just need better hardware and they need to be in a country with cheap enough electricity.

Absolutely sure. It doesn't matter how much nonce is used during hashing. The main point. In my algorithm for EVERY miner, there is a cyclic range of values ​​that he needs to sort out. Therefore, the pool does not bring benefits. It is very important that this range is FIXED for each new hash. In the case of Bitcoin, this range is one for all. Even if you have selected a small part in it, it allows you to distribute the calculations on several machines, dividing this range into parts. But in my algorithm there is nothing to distribute and separate. Each checks ONLY his own range.


Oh, judging by your words, you are a "newbie."
You have the status of "legendary", but for all these years you still could not figure out what and how it works. And most importantly - you did not understand why Bitcoin was created at all.
Accept my sympathy.


It seems you do not want to understand the main thing. Well, I will try to explain as accessible as possible ...

Now only rich people can mine Bitcoin. ONLY THE RICH !!! And the poor can not !!!
Do you understand?
That is, the RICH now interfere with the POOR.

My suggestion is NOT that the rich have no right to buy 1000 computers and mine 1000 coins. My suggestion is that BOTH - the rich AND the poor have the opportunity to mine bitcoins.
Do you understand or not?


Yes, I will do as you say.

As for the processors. In fact, the problem is that no one wants to create their own product, everyone is used to being lazy. Everyone just wants to go to the store and buy. But Intel is not lazy - they do. Therefore, they can set market rules and dictate prices.
I have developed a CPU with a more productive architecture since 2004, then I won the first round of the inventors' competition in my country. But she is not interesting to anyone. Nobody wants to invest in this. And I'm too poor to pull such a project alone.
Want fast and cheap processors? No question - I have something to offer. Although at the moment, I would like to continue working on my neural processor - this topic is more interesting to me and it is more in demand on the market. Especially because there are no analogues in the world. (Do not consider tensor accelerators - this is not a neural processor).

Already if he needs to buy 1000 smartphones to have 1000x the power of a smartphone its a win compared to scale effect of mining farm.

The cost/hash is totally unfair between ASIC/mining farm and common hardware today. If the cost/hash stay more linear with the investment cost its already something.

After its doesnt necessarily mean the network is "more secure" or more efficient compared to having centralized mining farm with the lowest cost/hash possible, with all the enterprise strategy behind each transistor for this dedicated purpose.

Even to me it seems making it less scalable in term of cost/hash will decrease the total hash power for a given block reward, but its also what can make it more profitable for those with small non scalable computers, who are not necessarily going to invest much into bitcoin or xcoin either.

Normally the only thing they have power on is resolving double spents or delaying/censoring transaction.

pow is still good way to manage coin emission, and block reward is necessary if miners have to engage some operative cost to mine a block.

Why not tell us more about yourself here? Create a thread about yourself, your educational background and post it in the Project Development board. Your idea is a noble one. But I do see some problems with this concept. What if tomorrow AMD and Intel decided to hike up their CPU prices? The mining again will get out from the reach of the "poor". Basically you can't control the top 1% they will always end up in the power as they have the means to do so... Just look at the GPU shortages as an example. During the peak, the GPUs were going for almost double the standard price and it can happen with CPUs as well, that's what essentially happens in "Free-Markets". Supply and demand dictate the price. Even if you made your algorithms only to work on P4 (Pentium 4), The rich will get their hands on more P4s and we will end up in a similar situation. Some of my suggestions will be to create a milestone list, get an escrow a trusted one from the forum and let them handle your donations. So that they will release the donations once you reach your listed milestones. Again Good luck!

Sure it's definitely unfortunate no doubt about that. But going back to my point, there's really nothing we can do about this. If a poor person can mine through a cellphone, what's stopping a rich person from mining through a thousand cellphones? If a poor person can start one business, what's stopping a rich person from opening a hundred businesses that can rival the poor person's business? Just examples. Unless you're going to KYC every single miner so  you can really know that you're limiting your users to a number of devices to limit the hashrate they're using, you really can't fix this, especially in a decentralized manner.

You're a newbie and clearly don't understand the point of mining. Hint: it's not creation of new coins, that's just a nice little side effect. The point of mining is synchronizing the network in such way that cheating is impossible, because it's unsustainable. It really doesn't matter how many entities are mining, they have no choice but to follow the rules of the network and don't try to cheat with forks. In fact, one CPU - one vote is less secure, because its easy to create botnets and attack the network for free with stolen hashpower.

You sure this is correct ?

The stratum protocol add more nonces in the coinbase tx, with one unique nonce per worker, and the rolling happen in another nonce, the two are in the coinbase tx, additionally to the block header nonce.

All miners works on a full range nonce2, and have a unique nonce1 in the coinbase. So They all work on slightly different blocks with a full 32bits nonce range.

Not sure it affects the decentralisation principle or the main reasonning though

For me those characteristics are essential for a coin that want to reach the mass. It seems to me lots of people who went into bitcoin first is because they could mine it with their own hardware, and benefits from it even a little bit relatively to the total hash rate of the network. There was no exchange or KYC or anything, just need a cpu able to compute hashes at decent rate, and you could get some bitcoins.

Im not sure if Its only a problem of pow algorithm, but it seem fixing this would be a good step in the direction.

I checked your idea. GoFundMe does not work in my country. Same issue with Kickstarter and Indiegogo. I can create a company, but I cannot withdraw money to my account.
I have many developments and inventions. I’ve been thinking about crowdfunding for a long time. But for now it is not available to me. I do not have good friends abroad who can accept money into their account and then transfer it to me. Therefore, I can not use the full power of crowdfunding platforms.

Am I talking about taking money from the rich and giving it to the poor? No, I'm just saying that the poor must have a real opportunity to mine the cryptocurrency.
I’m not even saying that the rich could not mine anymore. Let thousands of computers buy and mine a lot of coins. But let the poor have the opportunity to mine at least what a single computer or smartphone that a poor person, or a poor family, can buy.

Can't you see what is happening now? Now the problem is that poor people can’t mine at all. A rich person just buys a miner and he already has a lot of cryptocurrencies. And the poor man cannot mine it, he can only buy it from the rich. And buy at the price that rich people put up on the crypto exchange. And they act in collusion and regulate prices in such a way as to extract everything from the poor to the last penny.

Don't you understand what I was talking about?

What is wrong with having a poor person mine cryptocurrency?
For example, I am poor. I have an incentive to do something useful. I have many inventions that I cannot realize because I am poor and rich people do not want to invest in high technology - they are looking for financial pyramids and various fraudulent projects with expensive advertising.
What will be bad if I can mine coins, which will bring me a little income, and at the same time, I can do development work useful for all people?
And now I do not have such an opportunity. I have to work stupid and hard work all day to earn a piece of bread. As a result, no one benefits from what I do.

Now ask yourself - will a rich person engage in development that is useful to all of humanity? To invent? Come up with? To create?
Not! He has no incentive. He is rich without it. He has everything. He only wants more money, but he does not want to create, to invent, to develop something.

But doesn’t it become better for rich people to live if poor people come up with something new? Why don't the rich allow the poor to at least slightly weaken the slave chain so that poor people can do more good for everyone?

I get what you're saying, but bitcoin wasn't created to move wealth from the rich to the poor. Whatever we do, people with more wealth will almost always have more opportunities. Found some opportunity to make more money? You bet they're going to grab that opportunity; and yes it applies with bitcoin mining. And not only with bitcoin, but with other cryptocurrencies too; and not only that, it's the same even with proof of stake!

What constitutes as the modern cryptocurrency community? The traders? Whales? Or a small bunch of developers and enthusiasts who actually care about the protocol? To be honest, the vast majority of the bitcoin community doesn't have the mentality to change anything or even follow what's being written by Satoshi. Take CoinBase for example. His solution is perfect? No. He gave you the basic architecture to start with? Yes! It's upto you to develop on top of it.

Or you can just stop using bitcoins and create your own coin or use one of those shit-coins out there? Speak for yourself.

Lets say its true.
Bitcoin is people actually. People tend to forget that. There are 3 sides of this, Developers, Miners, Nodes operators/community. Each side works to benefit Bitcoin, if something is flawed or need fix/rework. People will do this, one of these groups or all of them at once.
Its perfect because its adjustable like people are, and thats why people succeed and they adapt to do so all the time.

Satoshi invented bitcoin. Satoshi showed a way. I'm thinking now. Have we been able to take Satoshi's philosophy forward? So are the developments positive or negative? Or are we still where we started? More people know about the blockchain. So which problem did he solve?

Why not launch a gofundme campaign? Tell us more about your educational background etc. Also, Publish your code on github just like @DooMad said it will allow people to review your code and even improve it, Just like you want. Remember if your algorithm is really that good then expect donations and support from the community. Right now you sound disparate, you may have something which could change the mining scene but you need to be open about your work. You can't claim things without letting others review it. I wish you the best of luck, its a tough world out there.

Am I not suggesting the same thing? Am I asking for a change?
Now it’s just about working out this algorithm and using it to fix all the flaws. Moreover, I think that no one will really change the core of Bitcoin, so my algorithm, most likely, can only get life in the form of Altcoin. However, we are talking about the fact that this Altcoin should become the new reincarnation of Bitcoin. Not the Bitcoin that we have now, but the one who saw Satoshi in his view.
In fact, I have already done a lot of work on this algorithm. If I continue to work on it alone, I will need a lot of time. Therefore, I turned to the community for help. I need specialists who can help implement this algorithm in Bitcoin, as well as a little financial support. For this reason, I’m trying to understand how much the modern crypto community needs it ... Is it ready to do something for the sake of improving Bitcoin ... Or it all ended with the banal desire to make more money from trading cryptocurrencies and mining.

I live in a country where there is a war and a severe economic crisis. I've already lost everything - property, housing, business. All that I have is my inventions and developments. Now I need to look for a way to survive. I have two options - either I will find financing for one of my projects, or I will have to leave for labor emigration to another country.
Therefore, the question is simple: is the modern crypto community ready to support the continuation of this development or not?
If I leave to work, I will spend 12 hours a day on hard work, for the sake of $ 500 a month salary. I will not have the strength to continue developing this project. He will stop.

In general - I made my contribution. I have devoted a lot of time to this issue over the past 3 years. I found the perfect solution for the POW protocol, which can change everything in the world of cryptocurrencies. And I would be glad if there were those who are ready to support this development.
Now I work alone and I need very little money to survive. And I am ready to limit myself to this and work on this project further. But without support, I cannot continue.
I hope for your understanding...
Thank you all.

"One CPU one vote" just refers to voting on the current consensus, regarding the best blockchain. It's not a "vote" in a particularly meaningful or political sense. Miners are just abiding by the protocol, publishing blocks based on rational incentives. You would do exactly the same if you were a miner, so you're really not missing out on anything.

The industrialization of mining just means that for most of us, directly buying bitcoins is usually a better way to invest.

Mining is completely centralized. Now I'm going to ask you a question. Why are powerful miners gaining more? I think a system can be established where everyone will be equal. If each IP address gets a certain share. A system like this already exists. Lightnin Network. LN may be popular in the future. Not everyone has access to expensive mining equipment.

Normal people see it as an expensive item while business-minded people can see ways on getting that hardware on different ways without braking the bank. From buying second hand rigs to repairing them they can do anything on what they currently have just to participate on having a piece of that pie. Yes big mining farms are getting all the big pieces but they aren't the only ones benefiting from each block and lot of early adopters have gotten the biggest slices in the Bitcoin industry. If you still think that you can't afford to mine Bitcoin then I think it would be better for you just to buy them in an exchange and ride the trend for you to profit.