Post
Topic
Board Bitcoin Discussion
Re: someone fucked up and lost ALOT of money
by
molecular
on 07/11/2011, 02:13:33 UTC
...
So people might come up with the idea of proxying this decision-making. This might put the decision-making into too few hands, of course, and all the decentralization is down the drain.

I don't think this is a good idea, therefore.
...

In a way, this has already happened.  Surely the three (or so) largest pools already constitute exactly what you have described.

True. I think this is not a good situation.

I've seen in other threads that some people think mining in a bigger pool is more profitable. Pretty sad... there's so many small pools that'd deserve to become medium-sized.