Quote from: TPTB_need_war on February 16, 2016, 03:41:29 PM

Quote from: tokeweed on February 16, 2016, 07:28:42 AM

Quote from: TPTB_need_war on February 16, 2016, 06:14:46 AM

Good luck with that. One of the things that made Bitcoin great is consensus via economics that's advantageous for the individual and the group.

Yeah it is absolutely great that China's mining bloc controls 65% of Bitcoin's hashrate and has vetoed any block size increase, including Classic's proposed mere doubling of the block size to 2MB only. Ostensibly they want to force transaction fees higher to fatten their profits. This is called an oligarchy and it is great for individuals like us, so we can pay through the nose to the oligarchy.

Thanks again for your incredible wisdom and including your sage proclamation that Szabo is a crypto god and was/is Satoshi.

Peachy has joined you in my very exclusive Ignore list, which I reserve for the wisest soothsayer salesmen.

Wow what a thread. I have one question TPTB and it's an honest question and not a veiled attempt at sarcasm.

Any miner I have had the pleasure of dealing with has to turn some sort of profit to justify at a minimum paying their electric bill. Since you say the POW for your coin won't be profitable for miners, what would be our motivation to participate in the decentralized side of things? I know there are hobby miners who mine because they believe in the tech and want to secure the network, but surely there can't be enough of those people willing to turn a negative profit to help secure your network can there? I'm willing to mine BTC and pay for the electrical use out of pocket, but only because I believe the value will be higher in the future.

You seem to have good ideas, but to a new person like me expecting miners to mine for no profit seems like an Achilles heel for everything you've said. Unless you expect the value of said coins to be just enough to cover electrical expenses and no higher, but that would take market manipulation wouldn't it to keep the price from going higher to keep from attracting "whales". Wouldn't that lead to centralization or create the need for centralized control over both aspects of the network? Centralization to verify and centralization to control the price/deter large investors etc

If anything this thread has made me decide to go short (POW window only) vs long (POW&POS window) on ethereum, but not abandon it.

I'll take my comments off the air lol...