Quote from: DannyHamilton on February 07, 2017, 09:31:49 PM

Quote from: hardtime on February 07, 2017, 09:11:30 PM

Mining isn't decentralized anymore and it sucks as the vision of bitcoin was to have a fully decentralized currency without one majority party ruling / having a considerable amount of power when it came to bitcoin.

The vision?

Whose vision? Yours?

Certainly not the vision of the person that created it:

Quote from: satoshi on May 18, 2010, 08:06:46 PM

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If the network becomes very large, like over 100,000 nodes, SPV is what we'll use to allow common users to do transactions without being full blown nodes. At that stage, most users should start running client-only software and only the specialist server farms keep running full network nodes, kind of like how the usenet network has consolidated.
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Quote from: satoshi on July 14, 2010, 09:10:52 PM

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I anticipate there will never be more than 100K nodes, probably less. It will reach an equilibrium where it's not worth it for more nodes to join in. The rest will be lightweight clients, which could be millions.

At equilibrium size, many nodes will be server farms with one or two network nodes that feed the rest of the farm over a LAN.

Quote from: satoshi on July 29, 2010, 02:00:38 AM

The current system where every user is a network node is not the intended configuration for large scale.
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The design supports letting users just be users. The more burden it is to run a node, the fewer nodes there will be. Those few nodes will be big server farms. The rest will be client nodes that only do transactions and don't generate.
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Emphasis added by me.

You know, the more I read about Satoshi, the more admiration I have for his vision. He saw the future, before it happened and he was spot on. We have huge server farms and client nodes, just like he predicted. I wonder what he would have done with the Blockstream guys, if they submitted SegWit and the Lightning Network, when he/she was still around. < Blockstream might not even be around, if Satoshi was here >

I hate the direction where this is going, but Satoshi has built in consensus as part of his design to prevent hostile takeovers, so we should just ride this out. ^hmmmmmm^