Quote from: SomethingElse on September 18, 2014, 06:24:46 AM

Quote from: Johnny Mnemonic on September 18, 2014, 04:23:34 AM

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.

Interesting thoughts, I like your theory regarding Satoshi and it seems plausible. Anonymint is still around, although he may of dropped that idea.. I don't know. I do agree that is a good idea that needs more attention.. I haven't heard it before. I'm guessing it is hard to implement fairly and securely though, which would be the only thing holding it back. Yet, it could possibly be made to work.

Quote from: SomethingElse on September 18, 2014, 06:28:38 AM

@Coinhoarder. You are apparently the voice of reason and common sense in this thread so I will direct this question at you.

I wouldn't go that far... but thanks.

Quote from: SomethingElse on September 18, 2014, 06:28:38 AM

You have been around longer than me so I figure you might know. BCX apparently comes out with these statements against coins every so often and as you mentioned earlier in the thread sometimes backs it up with real facts, but sometimes seemingly keeps everything secret leaving people to doubt him. But ultimately, has any coin ever been slandered by BCX and gone on to eventually be successful?

Edit: I already know the Litecoin story and how things exploded there but eventually turned out for the good.

I know BCX is rumored to have killed several coins before, but most of the ones he has killed were before my time and I'm not sure of the details. I think at least one of them was just a plain 51% attack, and not through a vulnerability.. possibly more. On the other hand, I am fairly certain he has made claims that coins are vulnerable before and nothing ever happened.

I'm going to do some digging around now and I'll get back to you, as I am interested in that myself.