What about accessibility improvements (reducing cost to run a BetterHash pool). What about bandwidth usage to receive / transmit pool shares in the Work Pool, any improvement? My business uses cellular and we mine in remote locations, so this is interesting to me.
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Unless a computer science solution is proven to NOT exist, we shouldn't compromise in the name of expediency.
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Agreed! But this argument doesn’t apply here since a/ Bitcoin is a live, 100-bil-dollar network running in production & b/ pool mining centralization is *already* the political reality. BetterHash will improve on the status quo, not making things worse. It’s highly practical.
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Now if
#braidpool is proven to work & we’re launching Bitcoin tomorrow, it’ll be a different story
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This cannot ignore the necessary aspects of the implementation that allow people to secure it.https://github.com/libbitcoin/libbitcoin/wiki/Risk-Sharing-Principle …
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Good article, I think we agree there. You don't think transparency is a benefit of BetterHash? That should help with "allowing people to secure it".
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Transparency is the opposite of anonymity, and that's what ultimately allows people to secure it, and is the reason for decentralization. But I'm not sure what you mean by transparency in this context.
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Sure, there're types of transparency. Transparency in BetterHash's context means that if pools do something shady, it's very easy to find out. So it's pool transparency not miner transparency.
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It's even more than that, though. We not only learn if they do something shady, but in order to do so their users have to take explicit action to implement a change!
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Sadly, there is no way to identify if a pool is censoring transactions today, so even some transparency would be really nice, but going the extra step and making it a hard-to-change default is a pretty big difference, especially when it happens at once so you can compete.
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