Re: Decentralization and lack of authority as a weakness

Quote from: spazzdla on July 10, 2015, 07:12:14 PM

Quote from: alani123 on July 10, 2015, 04:15:10 PM

I've seen many people lately criticising bitcoin's lack of authority as a possible weakness. From what it seems, users have to put (at least some) trust to miners and pools and rely on them for things like generating blocks with updated clients, including transactions etc. Wouldn't such an issue scale up as bitcoin grows? Could it be addressed somehow?

I don't see this causing any issues while scaling..?

I don't understand the problem you are seeing.

Miners make BTC the most secure network ON THE PLANET...

TRUST NO ONE, start mining your self to secure the network, I am.

Kijiiji, buy an S3, bam there you go

. Mine to help BTC worry not about profit!

So you are an idealist if you can mine and don't profit from it. The problem is that great majority of people can't do that. Bitcoin was the chance for single miners in the past, not anymore, now it is time of large mining farms and pools. You can't expect people to run their rigs just to help securing network. And it is hard not to trust others when bitcoin survival is dependant on other.