Post
Topic
Board Bitcoin Discussion
Re: Bitcoin XT - Officially #REKT (also goes for BIP101 fraud)
by
VeritasSapere
on 31/12/2015, 19:40:39 UTC
I presume that you did not read the posts I linked earlier that I wrote. In there I explained how increasing the blocksize, does not increase the barrier to entry of mining whatsoever. Miners do not even run full nodes themselves for the purpose of mining, which is why the increased difficulty of running a full node does not increase the difficulty or barrier to entry of mining. I am a miner myself, solo mining is only feasible if you are a huge industrial operation, not exactly contributing to decentralization. P2P mining unfortunately is not good enough both due to the increased complexity and incompatibility with certain ASIC miners, this is reflected in the hashrate. More then seventy percent of the mining power is presently inside of public pools, this is good.

https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-203#post-7395
https://bitco.in/forum/threads/gold-collapsing-bitcoin-up.16/page-208#post-7550
Larger blocks increase the chances of block orphans which public pools are more at risk of than larger private miners.

I know it pleases you to live in your own little lunacy and pretend that you understand these things but this is not really debatable since this is pretty much what came out of the discussion between miners and developers at the most recent Scaling Bitcoin conference.
I will try explaining it in a way in which you might understand:









http://www.bitcoinunlimited.info/index.html