Fatman3001
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March 30, 2016, 06:18:10 PM

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"Sort of like" implies less than perfect parity.

My point was more in line with your last bit. Miners won't rent out a significant portion of their gear like that.

See my post above, and explain why not. To simplify:
If you're going to net 1 BTC from your miner in its lifetime, and I offer you 2 BTC, why would you not accept it?*
*Taking into account that you are able to sell your BTC for USD, making BTC's value after the sale irrelevant.


P.S., just to be clear: This would fall on its face if the miners *couldn't sell BTC.* If BTC was the only store of value in the world,the miners would be only hurting themselves by undermining (lol) BTC value. Sadly, it ain't the case -- there's USD, turnips, gold, etc., etc. Sad

If you don't understand what you yourself wrote then I fear I can't help you much. I guess I could point out that we've already experienced this and it resolved itself. Fast growing pools often have larger payouts (sometimes more than 10%). That's why Ghash.io managed to capture more than 51% of the network for a brief moment in 2014. But greed realigned with self-interest and threw stupidity out.

Basically, the guy you're linking to just wants to brand classic supporters as the spawn of satan and pure evil. Which may or may not be true (they are bitcoiners), but it seems to muddle up his thinker a bit.


So... how's that scaling-solution-that-is-not-supposed-to-be-a-scaling-solution-so-do-not-criticize-it-for-being-a-bad-scaling-solution going?




which scaling solution again ?? XT, classic, therealthing, Pure, original Huh

I think it's called "Snitch On The Run" or "Crypto Apartheid" or something.