Re: [ANN] SpreadCoin | True Decentralization (No Pools)

Also, a true solo only coin would make it much more difficult for these large farms to come in and rape the coin.

So what you want is not to get rid of pools, but of large farms. In my opinion, this is bad, really bad. Borderline communist even. In capitalism, you try to avoid cartels and monopolies, not to forcefully redistribute riches in a "fair" way. In this context, pools are cartels that concentrate the hash power they do not own and put the whole market at risk! As with cartels, they do not control the money itself, but they have the power to decide who gets it. That's the bad thing about pools, if you believe in free markets, of course!

You must be lost. I want a true solo only coin that can't be mined on pools. There is no way that you can keep large farms from mining coins with their hardware. But a true solo coin would make it so they couldn't point all their hash at one place.

This is what you guys do, deflect and discredit. You are now trying to change the narrative and say that I'm not trying to get rid of pools but large farms. You then follow up with your propaganda and insert communism into the mix. Anything that you can do to change the narrative and and redirect the argument to discredit me. Go ahead and keep attacking me I don't care. The more you attack the more you reveal yourself.

The method Mr. Spread used is the best you can come up with - at least without redesigning the whole PoW system. It has to be so anyone can mine, and if anyone can get work and submit work, multiple machines can. If you prohibit this in the daemon, someone will build a better daemon. What cannot be circumvented without a hard fork and everyone using a different client is the fact you must be able to spend the coinbase transaction to mine a Spread block.

You are correct.

This drama could have been ended with three words.

Yes Pools Exist

That's all that had to be said. Instead they went into denial mode. That showed that they were not being truthful. It's that simple. It's too bad all this drama had to happen because these guys would not simply admit that a pool existed. As with everything it's the cover up that causes the problem. It's the same with politics, business, and most other activities. Once they decided to double down and deny that a pool existed when in fact it did their credibility was shot.

I'm sorry, but i haven't read the thread with the same eyes as you. I have seen several people explaining that yes, there are pools, but they did not defeat the purpose of decentralization since anyone of the mines could steal the profits from the pool, so they would never be able to grow.

And then some people with big red letters started spamming like mad and all went to hell. I myself wrote several explanations about the pool thing, about the wild conspiracy theory againts wolf0 and about the "lost wallet" episode. Haven't seen anyone denying those things, only pissed off because "big red letters" would not stop repeating the same thing over and over, despite they all having being already addressed.