all the talks about pushing against this MM is just plain stupid. Stoppind 1tx blocks? Oh come on.
You guys are asking exactly what bitcoin is the opposite of: Central authority.
There is no proof of botnet, there is no proof of any ill doing what so ever. Every miner is free to choose to include TXs or not to. TX fees will adjust for that *EVENTUALLY*.
This could just be some HONEST miner who made a huge investment. This could be BFL testing all their singles, rigs etc. ie. for 800Ghash it takes "only" 1000 BFL Singles, or 40 mini rigs! *40*, not 40000, not 4000, but 40. The full blown rigs you would only need 16 of!
16*30k$ = 480k $. Hardly a sizeable investment in grand scale of things.
Even if this MM has 4Thash, and does not include TXs, he is increasing the strength of BTC, as long as he doesn't exceed 50% and does something stupid. Even without including transactions.
But no, you guys are asking for Central Friggin' Authority. You want that? Well go use Paypal, and don't whine when they freeze your account for receiving too much in a week!
Being under the whims of a central authority is a no go for you? Then don't demand that for bitcoin.
People demanding all kinds of actions against this MM are actually doing much more damage to BTC than the MM is. Infact, as i see, MM is increasing the overall strength of BTC. Only downside he is causing right now is slightly slower transactions.
Sure, YOUR mining revenues for now are lower, but in the long term you will gain more. BTC price will eventually follow.
Every single Ghash added to the network makes just that much unlikely anyone could take over 50% of the network. When we reach a point where 1billion USD investment is not sufficient to take 50% of the network BTC starts being really strong. Currently at newegg list prices that purchases roughly as 4x7970 rigs 754Thash. You only need roughly 10mil $ right now to take 65-70% of the network.
Like it or not, but we do need the hashing strength of MM. He was capable of doing what, 1.4Thash? That's just 10%! And doesn't he keep the operation off most of the time?
Are we even sure this is just 1 party? No.
Do we have solid proof? No. We are basing our assumptions on a paste of an irc conversation. And by not including transactions, he can bring the network to a standstill as long as no other party makes a block. Please read your next post to make sure people can actually understand what you are saying.