So you are not going to retract your accusation regarding Deepbit accepting botnets?

How do we send people back to the newbie board? Posting this kind of repetitive alarmist BS should be automatic timeout to the newbie board for a month.

And when will SMF give filtering options so that you can hide all threads not started by 'x' level poster...

It's not an accusation; it's a simple hypothesis, given the way some of the biggest business is traditionally done in Russia.

Since Deepbit's terms and technology can be duplicated by any other pool, its persistently incongruous size is suspicious. It will be useful when someone with credible skills and network position figures out the botnet share of that. Deepbit plantation helpers are not a credible source of such info to me... 

What is pretty clear to me is that an entity or a group that doesn't have the ethics or greed limit to stop itself from grabbing 40-50% of the worldwide supply of something, would not be above tolerating a friendly botnet to help it continue to do so...

You have a right to your delusions, just as i have a right to mine...   

If you do some research regarding my registration date, you'll see that you are the new one here... 

I was already here before there was such a thing as Deepbit or Tycho, even Slush wasn't open yet, and i could mine with a 5450... 

So, there is little point in my reading the history that i watched happen real-time... 

It was already clear then that the exceptionally greedy farmers, such as ArtForz, were about to force everyone else to pool, which would create vulnerable centers in the "totally decentralized Bitcoin" still being falsely advertised today... 

Then, there would be greedy pool operators, such as Tycho. In a few years, they will consolidate, and become the central bankers of Bitcoin, if it survives that long. 

Then, we'll be back to the same thing we have today with fiat bankers - a few influential central bankers of Bitcoin dictating to the rest of us how much share of the market they will have, and how much in fees we'll have to pay them...

How great that revolutionary new system will be!  Then, i will also not care if "Bitcoin fails"...

A number of issues I've encountered on other pools, just kept pushing me back to deepbit. For some reason Deepbit just works (except during a Ddos). Other pools need to get their act together and compete better.


I'd think so too, at least regarding all the mucking around that has been mentioned in this thread, double spending etc... no-one in their right mind is going to risk a $50,000 per month income that's still growing to rip people off once with some double spending or sh*t like that.

No, it seems to me the risk is in the pool doing something that will benefit itself AND its miners and being able to pull that off alone. The most obvious thing would be to increase (let's say double) the mining reward (or refuse to lower it to 25 BTC by the end of next year). Not only would that double the pool owner's income (in BTC terms), it would also double what the miners earn, and would more likely attract more miners.

If other pools didn't follow suit, they'd find all their blocks invalidated and end up earning nothing. Pressure to follow such a move would therefor be enormous.

This would all be at the expense of those holding BTC, in exactly the same fashion as a central bank that prints more money.

The only miners opposed to such a change would be those already holding lots of BTC.

Or have I overlooked something that makes this scenario impossible?

Well if this is your scenario then why wouldn't they just decide to make the reward 10k per block as of today? Yes they could fork the chain but those blocks would not get accepted by the rest of the bitcoinDs. So you mine BTC' that will not comply to BTC. Guess that's a stupid plan. Exchanges and honest users would not accept those.

Better they start a new chain then ...