[FoRK] bitcoins vs. alchemy
Gregory Alan Bolcer
greg at bolcer.org
Thu Dec 6 07:28:13 PST 2012
Abitrary referred to the miners and not the policy, of which I am
In fact, based on your article that included the economic breakdown, I'd
say that the distribution graph of people able to mine is all over the
map based on individual miner's capabilities.
Explain to me how making mining harder favors those with lesser
computing and cripples those with greater advantage.
The point is that it doesn't. It just helps prevent previously mined
BTC from being devalued. Mining still favors those with better
computing technology, or even less power consuming if BTC profit is your
So I keep talking about two different players competing for BTC doing
computational mining at the same time and you keep talking about current
miners being restricted from devaluing previous miner's work.
They are two completely different things.
On 12/6/2012 12:02 AM, Eugen Leitl wrote:
> On Wed, Dec 05, 2012 at 05:26:42PM -0800, Gregory Alan Bolcer wrote:
>> Don't bother reading, there's too much, I'll sum up.
>> They've arbitrarily decided that people with FPGAs and GPGPUs are
>> cheating, so they are devaluing the ability to mine value.
> Arbitrarily, huh.
> Whoever Satoshi Nakamoto is, or are, they're not stupid.
> FoRK mailing list
greg at bolcer.org, http://bolcer.org, c: +1.714.928.5476
More information about the FoRK