Quote from: LMGTFY on April 27, 2016, 06:23:15 PM

No. I'm saying "it's ridiculous to say that 70% of miners are Chinese because 70% of mining currently occurs in Chinese pools." Again. Do pay attention.

Sounds strangely similar Undecided

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"It is unreasonable to infer that most miners are Chinese from the fact that most of the mining pools are located in China. Though all available data point to this conclusion,
http://s10.postimg.org/6eb2y2f7t/Capture.png
and all a priori reasoning, from lower electrical costs to ASIC manufacture/labor/shipping etc., the evidence is purely circumstantial"?

I might've been overly helpful by filling in a few blanks for you, but you go ahead and tell me the part s you disagree with, and I'll correct 'em

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I'm not sure why you believe miners don't change pools. I tend to look at this every few days and the wedges are rarely static. Even assuming you were right, and miners haven't been switching pools recently - it's a bit of a stretch to assume that that will remain the case.

I, in turn, am unsure why you think I think that they don't change pools. Again, If you just cite the part that led you to such an erroneous conclusion, I'll try to fix it.

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I'm also not sure why you think I should be surprised that miners' interests may not align with hodlers' interests. Aside from it being kinda obvious, I accepted that miners were the decision makers when I first read the whitepaper and in the years since nothing has changed.

Ditto. English is a bitch for me, so if you could point to the bit that mislead you, I'd be forever in your debt.

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I'm also also not sure why you think a group of pool operators and devs meeting should worry me. They were deciding a development roadmap, one that will be presented to miners. Who will then be free to accept or reject. Which rather sounds like... exactly how it's always been.

Meh. Pool owners & devs decide on the roadmap, miners and Bitcoin hodlers unaffected Undecided