Jeff Garzik [ARCHIVE] on Nostr: 📅 Original date posted:2014-07-17 📝 Original message:Define acceptable. The 40% ...
📅 Original date posted:2014-07-17
📝 Original message:Define acceptable. The 40% thing is marketing and a temporary
solution. And people come down on both sides of whether or not
marketing "40%" is a good idea.
I think it is a baby step that is moving in the right direction. You
want the numbers and sentiment moving in that direction (down, versus
"own the market! </IPO>").
The more critical piece is fleshing out the various proposals and
technical solutions for decentralized transaction selection and other
aspects of SPOF-proofing mining.
Historical note: On one hand, Satoshi seemed to dislike the early
emergence of GPU mining pools quite a bit. On the other hand, Satoshi
noted that the network would probably devolve down to a few big
players if we ever reached VISA/MC transaction levels. Satoshi
clearly never figured this part out :)
Today, there is consensus on the need for a "keep bitcoin free and
open" technical solution, but it remains to be seen how much we
engineers can really do to make life fair. Making transaction
selection a bit more independent from hashpower seems one step. There
are several other proposals floating about.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
📝 Original message:Define acceptable. The 40% thing is marketing and a temporary
solution. And people come down on both sides of whether or not
marketing "40%" is a good idea.
I think it is a baby step that is moving in the right direction. You
want the numbers and sentiment moving in that direction (down, versus
"own the market! </IPO>").
The more critical piece is fleshing out the various proposals and
technical solutions for decentralized transaction selection and other
aspects of SPOF-proofing mining.
Historical note: On one hand, Satoshi seemed to dislike the early
emergence of GPU mining pools quite a bit. On the other hand, Satoshi
noted that the network would probably devolve down to a few big
players if we ever reached VISA/MC transaction levels. Satoshi
clearly never figured this part out :)
Today, there is consensus on the need for a "keep bitcoin free and
open" technical solution, but it remains to be seen how much we
engineers can really do to make life fair. Making transaction
selection a bit more independent from hashpower seems one step. There
are several other proposals floating about.
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/