Quote from: Lupus_Yonderboy on June 18, 2012, 04:43:03 PM

So smart to see so little. How are changes to the protocol made? They are voted on by the miners. It only takes a few THash miners to drive the difficulty so high everybody else gets squeezed out. So when a few control a majority of the network, it will be they that decide what BIPs get approved or not. And when those few miners decide they want 3% of every transaction there won't be a damn thing you can do about it. So much for a decentralized currency. This was your last chance to keep Bitcoin in the hands of the people, because once those ASICs start rolling out it will be too late. Hopefully Bitcoin 2.0 will address this issue (amongst others).

I really can't imagine a scenario or fix where miners with more resources don't have more advantage over "the people". Just kinda how these things work. People with access to dozens of GPUs are going to dominate miners with a dual-core CPU. Eventually difficulty will increase and payouts decrease that only a handful of people will be able to mine successfully even WITHOUT ASIC coming into being.

Also, there's something funny about people arguing that bitcoin should be changed to keep some people out for the sake of "the people".

And that said, BFL does look like a whole lotta vapor ware to me anyways.