Quote from: gmaxwell on June 26, 2014, 04:40:14 PM

Quote from: djbooth007 on June 26, 2014, 12:18:34 PM

Mike Hearn was saying recently that ONLY Gavin was working on protocol stuff, mostly focusing on floating fees.

If Mike actually said that he's confused (and heck, floating fees isn't even a protocol thing it's wallet behavior).

Quote

GHash have proven there is a valid business model that other pools can adopt and erode GHash's share. *fingers crossed*

And what business model do you think they have?

Hi Greg,
I certainly dont want to put words in Mike's mouth. That was the impression I got from a recent interview : http://zz.reddit.com/r/Bitcoin/comments/28zts3/mike_hearn_interview_quotes_progress_on_the/

I have no opinion on CEX / GHash business model, but to gain such a majority of the network, they have done *something* to convince a large chunk of mining investment to use their operations.