Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
Darkcoins come into existence thru mining. And only thru mining.
Evan Duffield and team, and the whole Masternode concept had nothing to do with it? Just miners?
The miners share a few of their new found coins with the masternodes.
Mining is not only about maintaining the blockchain.
Even if there are no transactions for days, it doesn't matter. If there are NO transactions for days, then THAT'S the state of blockchain that has to be integrated and shared for everybody to accept.
A single old Celeron can do all that.Mining is not only about maintaining the blockchain.
Even if there are no transactions for days, it doesn't matter. If there are NO transactions for days, then THAT'S the state of blockchain that has to be integrated and shared for everybody to accept.
The amount of transactions (low or high or whatever) has nothing to do with the validity of mining. It just is what is. 
What does that even mean?
Even if we have no transactions for a while, the integrity of the blockchain would still need to be maintained.
You made it sound like it matters how many transactions go thru when in fact the amount of transactions is completely irrelevant to the integrity of the blockchain.
As I said, if there were for some reason NO transactions for a period of time, then this state of blockchain would still need to be checked and shared by everybody in the network.
1. Mining was part of the evolutionary process, sure, but that doesn't mean we have to be stuck with it forever. Not that I'm advocating getting rid of it, I just think it's not as important as it used to be given the Masternode tech we now have.
2. Why can't a single crappy CPU process a few transactions per minute and broadcast them to the network? In what way exactly am I wrong about that?
3. See #2.
1) Agree.
2) Someone else can spoof it if he has 2 celerons. The greed and waste of electricity pushes equilibrium, but the total mass assures no one can break it. Elimiant the pool and you eliminate the 51% threat and mining becomes a more-perfect concept worth keeping around.
Stop seeing it how it is, and see how it could be if we fixed the problems...
I was trying to point out that petaflops of compute power are not required to maintain a simple blockchain, what's required is that whatever compute power there is is decentralised, which can be achieved by enforcing mining via MNP2pools.
Mining is about to be relegated to the backup plan. Miners should not be getting 4X the reward of Masternodes.
Do you carry a Glock and then have a shitty gold plated Deagle taped to your ankle as a backup? (I'm sure you can think of a better comparison, ie. something 4X as expensive as a Glock but far less reliable...)