Post
Topic
Board Archival
Re: delete
by
SomethingElse
on 18/09/2014, 06:24:46 UTC

BTW: AnonyMint hinted that a solution to centralized mining could be to somehow make mining always unprofitable, that way all mining comes from individual nodes contributing miniscule amounts of hashpower while their wallets are open.


I had always thought that there was an inherent flaw in PoW mining as it is in Bitcion and that Satoshi knew it from the get go, but buy making mining profitable the network would be sustained and the blockchain would live on and prove in theory that this whole blockchain decentralization thing is real and can solve a lot of problems.  I think he built a faulty system from the start knowing it was faulty but also knowing it would be a good test case and proof that it could work. 

Now that has been proven and I am waiting for something better.  I have been looking into PoS and maybe NEM PoI, but listening to AnonyMint's suggestion that also seems really interesting.  Basically, if lots and lots of uses were miners, that any time a wallet was open it was mining, then the network could be supported.  His solution makes a lot of sense. 

I always considered Anonymint kind of like a mad genius.  He is very rough with social skills but very tight with in depth and detailed knowledge.  I wanted to find more about this theory and I checked into it but couldn't find anything and apparently he has checked out and no longer logs in.