Bump..
Why is 'centralization of mining' not the no.1 topic that the community is trying to address everyday?
Any suggestions on how we convince people to become smart miners instead of stupid hashers?
Many of us have been banging our head against this wall for years. After a while one grows tired of banging their head against a wall.
I don't think "force" is the correct way to get people to look out for their own best interests. Unfortunately, people are good at ignoring their own best interests.
Hi Holliday, my suggestion in the development section was the following
One of the best current options is for hashers switch to P2Pool, but currently they are not incentivised to do so.
So the question is - Who is most incentivised to incentivise them to switch?
Isn't the answer, the main Bitcoin Exchanges - BTC-E, Bitstamp, MTGox etc. & Bitpay?
A) Isn't the danger posed by centralisation of mining the biggest threat to their business model and income stream?
B) Couldn't addressing the problem even improve their current income stream?
C) Wouldn't it be the most positive marketing investment they could make?
I think any major Bitcoin business wouldn't mind contributing to a transparent decentralisation fund that made P2Pool more attractive for hashers, even just as a Bitcoin user I woudn't mind paying 0.22% per trade on BTC-E for example vs. 0.20% if the additional funds went towards a P2Pool fund.
Do you know if the Dev's have tried approaching the big Bitcoin businesses and asking them for their solution? Because this is the biggest threat to their business and as far as I know they make a lot more money than the mining pools so they should have the upper hand.