Quote from: Holliday on December 15, 2012, 03:32:18 AM

Quote from: Hippie Tech on December 14, 2012, 01:25:24 AM

Bitcoin will be doomed to failure if it doesn't shed all of it's fiat currency traits. eg. gambling, interest..

Err... Bitcoin is just a tool. How people use it is up to the people using it. The traits that matter, e.g. central control, have been shed.

Quote from: Hippie Tech on December 14, 2012, 01:25:24 AM

Then there is the pool system. From what I've seen, PPS and DGM miners are not being paid fairly. If the ENTIRE BTC network was one giant proportoinal pool, we would ALL get our FAIR share and make shady pool owners and pool hopping a thing of the past.

It's not the fault of the pools if people are getting ripped off, it's the fault of the miners who accept it and continue to use those pools. Obvious choice is p2pool.

Both the workers and the PPS/DGM pools are to blame because both are trying to take advantage of the other in their own way.

The mandatory fees are also a joke.

I wasted a few days with the p2p. Won't do that again.

Proportional all the way.

Quote from: organofcorti on December 15, 2012, 03:37:36 AM

Quote from: Hippie Tech on December 14, 2012, 01:25:24 AM

Then there is the pool system. From what I've seen, PPS and DGM miners are not being paid fairly. If the ENTIRE BTC network was one giant proportoinal pool, we would ALL get our FAIR share and make shady pool owners and pool hopping a thing of the past.

pEACe

Such bullshit. Please provide one provable example, not just someone whining "but I feel like I should be getting more!"

No bs here. You should read into my post a little more and plz do not twist my words around like that. I never said that I should be getting more, I said/meant WE the workers and owners, as a whole.

Let me spell it out for you.

I use BTCmine and Slush's. They are strictly proportional. This means I have the pEACe of mind knowing that I can divide my current hashrate by the pool's current rate, then multiply that by 25 BTC and know almost exactly what reward this round should be. Not 23.5 or 24 or 15 (at ozcoin), 25 ! And in Slush's case, the workers get the TX fees.

With PPS you will get seriously shorted during a lucky streak or risk bankrupting the pool during a dry spell. 2 negatives don't make a 'what' ?

DGM is similar and/or worse from what I've seen.

pEACe