Post
Topic
Board Development & Technical Discussion
Re: Complete dezentralisation of mining possible ?
by
TPTB_need_war
on 23/08/2015, 14:27:58 UTC
It's not completely pointless at all! If sufficiently many users are willing to run a microminer at a small monetary loss, then it becomes practically impossible to run a commercial mining farm. I think we're quite far away from that scenario, but it's a theoretical possibility. I hope that eventually a hundred million people will care enough about decentralisation, and in that case it might happen.

You astutely describe my design for eliminating commercial mining. But I don't rely on them caring about decentralization.

If you can market it as a lottery, it may work.

You've got one aspect of it. Of course Bitcoin's full node requirements are too onerous as you point out. If they aren't full nodes then you really don't have decentralization.