📅 Original date posted:2014-07-18
📝 Original message:Yes. That, and several other things. If you can figure out how to
propagate a block without re-propagating all the transactions everyone
already has, you address the large-blocks-slower-to-relay problem, and
additionally create an incentive for miners to mine blocks consisting
of publicly broadcast transactions (versus a bunch of secret ones
mined with secret agreements).
Democratizing transaction selection takes a bit of power away from the
miners and gives it back to the network at large. GBT is another
piece of that puzzle.
On Fri, Jul 18, 2014 at 6:43 AM, Mike Hearn <mike at plan99.net> wrote:
> Oops, sorry, I see the subject line changed. This is what I get for working
> down the thread list top to bottom :)
>
> I think the best path forward now is to finish off getblocktemplate support
> in the various tools so it's possible to pool for payout purposes without
> giving up control of block creation modulo the coinbase. Combined with the
> recent sipa performance enhancing goodness, it would hopefully persuade some
> non-trivial chunk of hashpower to go back to running their own node and
> start the process of turning pools merely into payout trackers rather than
> block selectors.
>
>
> On Fri, Jul 18, 2014 at 12:41 PM, Mike Hearn <mike at plan99.net> wrote:
>>
>> Jeff, I think the message you're replying to got clipped.
>>
>> Satoshi's only comment AFAIK on the topic of GPU mining was to wish for a
>> gentlemen's agreement to postpone it as long as possible, to help make sure
>> the distribution of coins was as even as possible. Indeed this predated
>> pooled mining.
>>
>
--
Jeff Garzik
Bitcoin core developer and open source evangelist
BitPay, Inc. https://bitpay.com/
Jeff Garzik [ARCHIVE] /
npub1kf…f3f58
2023-06-07 15:24:04
in reply to nevent1q…tamc
Author Public Key
npub1kf0ppcjaguxekg24yx6smgxlu73qn0k8lm0t2wrqc0scpl7u3sgsmf3f58Published at
2023-06-07 15:24:04Event JSON
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"content": "📅 Original date posted:2014-07-18\n📝 Original message:Yes. That, and several other things. If you can figure out how to\npropagate a block without re-propagating all the transactions everyone\nalready has, you address the large-blocks-slower-to-relay problem, and\nadditionally create an incentive for miners to mine blocks consisting\nof publicly broadcast transactions (versus a bunch of secret ones\nmined with secret agreements).\n\nDemocratizing transaction selection takes a bit of power away from the\nminers and gives it back to the network at large. GBT is another\npiece of that puzzle.\n\n\nOn Fri, Jul 18, 2014 at 6:43 AM, Mike Hearn \u003cmike at plan99.net\u003e wrote:\n\u003e Oops, sorry, I see the subject line changed. This is what I get for working\n\u003e down the thread list top to bottom :)\n\u003e\n\u003e I think the best path forward now is to finish off getblocktemplate support\n\u003e in the various tools so it's possible to pool for payout purposes without\n\u003e giving up control of block creation modulo the coinbase. Combined with the\n\u003e recent sipa performance enhancing goodness, it would hopefully persuade some\n\u003e non-trivial chunk of hashpower to go back to running their own node and\n\u003e start the process of turning pools merely into payout trackers rather than\n\u003e block selectors.\n\u003e\n\u003e\n\u003e On Fri, Jul 18, 2014 at 12:41 PM, Mike Hearn \u003cmike at plan99.net\u003e wrote:\n\u003e\u003e\n\u003e\u003e Jeff, I think the message you're replying to got clipped.\n\u003e\u003e\n\u003e\u003e Satoshi's only comment AFAIK on the topic of GPU mining was to wish for a\n\u003e\u003e gentlemen's agreement to postpone it as long as possible, to help make sure\n\u003e\u003e the distribution of coins was as even as possible. Indeed this predated\n\u003e\u003e pooled mining.\n\u003e\u003e\n\u003e\n\n\n\n-- \nJeff Garzik\nBitcoin core developer and open source evangelist\nBitPay, Inc. https://bitpay.com/",
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