P2Pool is a decentralized Bitcoin mining pool that works by creating a peer-to-peer network of miner nodes.
P2Pool creates a new block chain in which the difficulty is adjusted so a new block is found every 30 seconds. The blocks that get into the P2Pool block chain (called the "share chain") are the same blocks that would get into the Bitcoin block chain, only they have a lower difficulty target. Whenever a peer announces a new share found (new block in the P2Pool block chain), it is received by the other peers, and the other peers verify that this block contains payouts for all the previous miners who found a share (and announced it) that made it into the P2Pool share chain. This continues until some peer finds a block that has a difficulty that meets the Bitcoin network's difficulty target. This peer announces this block to the Bitcoin network and miners who have submitted shares for this block are paid in the generation transaction, proportionally to how many shares they have found in the last while. - Unknown author
Decentralized payout pooling solves the problem of centralized mining pools degrading the decentralization of Bitcoin and avoids the risk of hard to detect theft by pool operators.
Quote Taken from
https://en.bitcoin.it/wiki/P2PoolJust incase anyone wants to believe the back of lies presented here
I'll let the facts speak for themselves. If you wish to defend yourself, you can do so addressing the facts. Anything else is pure BS.
Everyone is invited to reach your own conclusions based on facts, attitudes and behaviors, personal predispositions, hopes, and dreams, and we each do so at our own risk. Can we really be our own worst enemies?
I have absolutely nothing more to contribute on the matter.
Add: as for those who don't "see" those trust settings, try logging on.
