Post
Topic
Board Bitcoin Discussion
Re: WARNING! Bitcoin will soon block small transaction outputs
by
jdillon
on 12/05/2013, 04:53:12 UTC
Who gets to decide how slow is too slow?
(...)
Solo mining or running a pool will very soon require investing in a reasonably fast network connection and a machine with at least a few gigabytes of memory.

Knocking the slowest N% of solo miners/pools off the network every year (where N is less than 20 or so) is not a crisis.
BTC Guild right now.
Okey dokey.

Have you contributed any patches to p2pool to make it more efficient / easier to install / etc? If not, why not if you're so worried about centralization?

(honest question, I don't keep up with p2pool development because I'm personally not terribly worried about mining centralization)

Peter isn't stupid you know. You just said exactly why he isn't working on P2Pool yourself: if the blocksize limit is removed like you and the big Bitcoin players paying your salary want, running a node will cost thousands of dollars per year in equipment and network bandwidth.

Why on earth would any miner want to spend that much money when they can just mine at BTC Guild instead and increase their profit margin?

The worst part is you know this, and spread this bullshit anyway.

So lets ask you a question, in all those meetings you have at the Foundation, who is present? What are the likes of big payment processors like BitPay telling you to say about the blocksize limit? What do they want, and do they care about Bitcoin's decentralization at all?