Quote from: 2tights on January 15, 2014, 11:36:48 PM

Quote from: Ekkio on January 15, 2014, 11:33:55 PM

Quote from: chopsticks on January 15, 2014, 06:45:38 AM

Is there anything that can be done about it?

First of all it is important to have people understanding the difference between Miners and Hashers, very few know what the difference is and why it is important to decentralize verification process. So at the moment the real question is how to make people understand that those who participate in pool mining are not miners.

Please elaborate on what you believe to be a sound resolution. Specifically, one that maximizes earning potential for individuals as well as bitcoin network security.

The main purpose of this thread is to create a healthy discussion of the problem by using better definitions. So I don't have an opinion about what would be a sound solution, but what I do know is that current agenda of Bitcoin Foundation and involved core devs will give us centralized mining.

The next statement requires leap on intuition, I predict that centralized mining will have regulatory safeguards built around it and Bitcoin will become Banking 2.0 system, and I would like to hear why or why not it could be true.