All the governments of the world are into regulation. Doing a few high profile prosecutions on pools will be enough to scare the rest of them to enforce the regulations on you. Once there are 51% of the pools who are refusing blocks from pools which don't attach their signed regulated control number, then your movement to a unregulated pool means you earn precisely zero and your ASIC is a brick
Jeez. You are one little defeatist whiner aren't you.
The arguments you come up with are unbelievably fickle. You're making it all up as you go along. I don't know what agenda you're pursuing but it's about as consistent as an unguided missile.
Quote from: pontiacg5 on March 17, 2014, 11:41:07 PM
More hogwash, CC transaction times are in the order of days, you just never see that.
pontiacg5 was right - that point is hogwash. In fact all the nonsense about speed and convenience that you've been spamming on this thread is nonsense. No point in elaborating on it since you don't seem to have the first clue about how the banking clearing system, account transfers vs money transfers, POS and back office requirements or anything else of practical relevance to this discussion works.
Suffice to say that cryptocurrencies blockchain speed are of no significance to the performance of point of sale transactions - just as they aren't right now when doing trades on exchanges. All transactions are more or less instantaneous because accounts are used.
The point about regulation of pools is idle speculation and highly unrealistic. It's already an obsolete issue given that:
- the technology is global and not under the juristiction of any one government
- thr cryptocurrency technology has already surpassed the need to mine anyway
- de-centralised mining would work just as well and generate the required supply, just at a lower self-adjusted difficulty level
All you're straw man arguments have been exhaustively dealt with by people that actually know something of what they're talking about.