odinn [ARCHIVE] on Nostr: š Original date posted:2015-06-13 š Original message:-----BEGIN PGP SIGNED ...
š
Original date posted:2015-06-13
š Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
On 06/02/2015 04:03 AM, Mike Hearn wrote:
(...)
>
> If you really believe that decentralisation is, itself, the end,
> then why not go use an "ASIC resistant" alt coin with no SPV or web
> wallets which resembles Bitcoin at the end of 2009? That'd be a
> whole lot more decentralised than what you have now.
>
> The *percentage* of the community that mines is totally
> irrelevant, it's the absolute number of (independent) people that
> matters.
>
>
> So usage does matter, then? You'd rather have a coin that has
> power concentrated in a far smaller elite, proportionally, but has
> overall more usage? If there are say, 5000 full nodes today, and in
> ten years there are 6000, and they all run in vast datacenters and
> are owned by large companies, you'll feel like Bitcoin is more
> decentralised than ever? (n.b. I do not think this situation will
> ever happen, it's just an example).
>
Something you said about "power concentrated," made me think I should
post this here:
https://twitter.com/adam3us/status/608920099609817088
- --
http://abis.io ~
"a protocol concept to enable decentralization
and expansion of a giving economy, and a new social good"
https://keybase.io/odinn
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š Original message:-----BEGIN PGP SIGNED MESSAGE-----
Hash: SHA1
On 06/02/2015 04:03 AM, Mike Hearn wrote:
(...)
>
> If you really believe that decentralisation is, itself, the end,
> then why not go use an "ASIC resistant" alt coin with no SPV or web
> wallets which resembles Bitcoin at the end of 2009? That'd be a
> whole lot more decentralised than what you have now.
>
> The *percentage* of the community that mines is totally
> irrelevant, it's the absolute number of (independent) people that
> matters.
>
>
> So usage does matter, then? You'd rather have a coin that has
> power concentrated in a far smaller elite, proportionally, but has
> overall more usage? If there are say, 5000 full nodes today, and in
> ten years there are 6000, and they all run in vast datacenters and
> are owned by large companies, you'll feel like Bitcoin is more
> decentralised than ever? (n.b. I do not think this situation will
> ever happen, it's just an example).
>
Something you said about "power concentrated," made me think I should
post this here:
https://twitter.com/adam3us/status/608920099609817088
- --
http://abis.io ~
"a protocol concept to enable decentralization
and expansion of a giving economy, and a new social good"
https://keybase.io/odinn
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