Re: Lab Rat Data Processing, LLC (LabRatMining) Official Announcement
@countduckula: Brewer's yeast has a similar take on success. Given a limitless amount of sugar, It eats it and multiplies as fast as it can...
...while shitting ethanol, which inevitably kills it, giving us delicious booze.
I hope the Bitcoin community is smarter than yeast.
...while shitting ethanol, which inevitably kills it, giving us delicious booze.
I hope the Bitcoin community is smarter than yeast.
Well, in the defense of yeast, one should mention that they only ferment sugar to ethanol in anaerobic conditions. However, they're evolutionarily accustomed to living mostly in aerobic conditions. So when you put them in a closed container, they sort of "assume" that the oxygen will come back soon and they can afford to perform fermentation.
In other words, they're used to conditions under which fermentation is not a big problem, so they just assume it will always stay that way.
Another perfect analogy to Ghash.io
and I'm also baffled that "withholding winning blocks" is even a thing. Is there a way to defend against that in code?
Yes, Eleuthria and WK/Luke-Jr have implemented checks that alert them when there is a suspicious miner.
But this is only detection, not prevention. So a game of cat and mouse will ensue, in which they create new users and try to get away with it for as long as they can.