📅 Original date posted:2015-08-02
📝 Original message:Dear Jim,
Thank you for sharing your view w.r.t. the so called 'Chinese Miners'.
Diversity of opinion, and mining, are IMHO both good and it's indeed a
free world.... so others who wish to mine bitcoin should be encouraged to
make the capital and technical investments to do so.
May I ask what is your technical suggestion to move this discussion forward
beyond your anti-Chinese/anti-China rhetoric? e.g. I would be
particularly grateful if you could share your views w.r.t. colluding miner
attacks in draft 0.5.9. of Joseph Poon and Thaddeus Dryja's 'Lightning
network' paper, found here:-
http://lightning.network/lightning-network-paper.pdf
Respectfully,
p.
On Mon, Aug 3, 2015 at 4:02 AM, Jim Phillips via bitcoin-dev <
bitcoin-dev at lists.linuxfoundation.org> wrote:
> China is a communist country. It is no secret that all "capitalist"
> enterprises are essentially State controlled, or at the very least are
> subject to nationalization should the State deem it necessary. Most ASIC
> chips are manufactured in China, so they are cheap and accessible to
> Chinese miners. Electricity is subsidized and essentially free. Cooling is
> not an issue since large parts of China are mountainous and naturally cool.
> In short the Chinese miners have HUGE advantages over all other mining
> operations. This is probably why, between just the top 4 Chinese miners,
> the People's Republic of China effectively controls 57% of all the Bitcoin
> being mined.
>
> The ONLY disadvantage the Chinese miners have in competing with the rest
> of the world is bandwidth. China has poor connectivity with the rest of the
> world, and Chinese miners have said that an increase in the block size
> would be detrimental to them. I say, GOOD! Most of the free world has
> enough bandwidth to be able to handle larger blocks. We need to take
> advantage of that fact to get mining out of the centralized control of the
> Chinese.
>
> If you're truly worried about larger blocks causing centralization, think
> about how, by restricting blocksize, you're enabling the Communist Chinese
> government to maintain centralized control over 57% of the Bitcoin hashing
> power.
>
> --
> *James G. Phillips IV*
> <https://plus.google.com/u/0/113107039501292625391/posts>;
> <http://www.linkedin.com/in/ergophobe>;
>
> *"Don't bunt. Aim out of the ball park. Aim for the company of immortals."
> -- David Ogilvy*
>
> *This message was created with 100% recycled electrons. Please think
> twice before printing.*
>
> _______________________________________________
> bitcoin-dev mailing list
> bitcoin-dev at lists.linuxfoundation.org
> https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev
>
>
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Pindar Wong [ARCHIVE] /
npub1gg…t7uvk
2023-06-07 17:32:13
in reply to nevent1q…3h9j
Author Public Key
npub1gg0pysd236d4em7pts906ev9kf6f30j8werd40j2vwpes7fqdn4qtt7uvkPublished at
2023-06-07 17:32:13Event JSON
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"content": "📅 Original date posted:2015-08-02\n📝 Original message:Dear Jim,\n\nThank you for sharing your view w.r.t. the so called 'Chinese Miners'.\n\nDiversity of opinion, and mining, are IMHO both good and it's indeed a\nfree world.... so others who wish to mine bitcoin should be encouraged to\nmake the capital and technical investments to do so.\n\nMay I ask what is your technical suggestion to move this discussion forward\nbeyond your anti-Chinese/anti-China rhetoric? e.g. I would be\nparticularly grateful if you could share your views w.r.t. colluding miner\nattacks in draft 0.5.9. of Joseph Poon and Thaddeus Dryja's 'Lightning\nnetwork' paper, found here:-\n\nhttp://lightning.network/lightning-network-paper.pdf\n\nRespectfully,\n\np.\n\n\n\nOn Mon, Aug 3, 2015 at 4:02 AM, Jim Phillips via bitcoin-dev \u003c\nbitcoin-dev at lists.linuxfoundation.org\u003e wrote:\n\n\u003e China is a communist country. It is no secret that all \"capitalist\"\n\u003e enterprises are essentially State controlled, or at the very least are\n\u003e subject to nationalization should the State deem it necessary. Most ASIC\n\u003e chips are manufactured in China, so they are cheap and accessible to\n\u003e Chinese miners. Electricity is subsidized and essentially free. Cooling is\n\u003e not an issue since large parts of China are mountainous and naturally cool.\n\u003e In short the Chinese miners have HUGE advantages over all other mining\n\u003e operations. This is probably why, between just the top 4 Chinese miners,\n\u003e the People's Republic of China effectively controls 57% of all the Bitcoin\n\u003e being mined.\n\u003e\n\u003e The ONLY disadvantage the Chinese miners have in competing with the rest\n\u003e of the world is bandwidth. China has poor connectivity with the rest of the\n\u003e world, and Chinese miners have said that an increase in the block size\n\u003e would be detrimental to them. I say, GOOD! Most of the free world has\n\u003e enough bandwidth to be able to handle larger blocks. We need to take\n\u003e advantage of that fact to get mining out of the centralized control of the\n\u003e Chinese.\n\u003e\n\u003e If you're truly worried about larger blocks causing centralization, think\n\u003e about how, by restricting blocksize, you're enabling the Communist Chinese\n\u003e government to maintain centralized control over 57% of the Bitcoin hashing\n\u003e power.\n\u003e\n\u003e --\n\u003e *James G. Phillips IV*\n\u003e \u003chttps://plus.google.com/u/0/113107039501292625391/posts\u003e\n\u003e \u003chttp://www.linkedin.com/in/ergophobe\u003e\n\u003e\n\u003e *\"Don't bunt. Aim out of the ball park. Aim for the company of immortals.\"\n\u003e -- David Ogilvy*\n\u003e\n\u003e *This message was created with 100% recycled electrons. Please think\n\u003e twice before printing.*\n\u003e\n\u003e _______________________________________________\n\u003e bitcoin-dev mailing list\n\u003e bitcoin-dev at lists.linuxfoundation.org\n\u003e https://lists.linuxfoundation.org/mailman/listinfo/bitcoin-dev\n\u003e\n\u003e\n-------------- next part --------------\nAn HTML attachment was scrubbed...\nURL: \u003chttp://lists.linuxfoundation.org/pipermail/bitcoin-dev/attachments/20150803/0d2a5eef/attachment-0001.html\u003e",
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