All posts made by Honest Bitcoiner27 in Bitcointalk.org's Wall Observer thread



1. Post 13565632 (copy this link) (by Honest Bitcoiner27) (scraped on 2020-04-04_Sat_14.40h):

Quote from: Post-Cosmic on January 15, 2016, 08:26:08 PM
[...]
What matters is, NO POOL should be allowed more than ~6-17% of total hashing power, and advanced technical stopgaps to prevent and/or cripple this from happening should be implemented in at the protocol level if need be, even if that concedes a certain unfortunate 'central planning' cost for the greater good of safeguarding Decentralized Trustlessness against any attempts by agents into asserting more than the maximum allowed % control of the network.

A cryptocurrency's most core value proposition - trustlessness - cannot exist if its network is centralized!!!

How would the protocol distinguish two pools from a single pool masquerading as multiple pools (one pool split up into several pools, all still controlled by one guy)?