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This is just a "prisoner's dilemma". The alternative is that we trust everyone not to use their full ability to generate blocks. Obviously this would completely
by Jabbles 15y ago
This is just a "prisoner's dilemma". The alternative is that we trust everyone not to use their full ability to generate blocks. Obviously this would completely defeat the point of bitcoins.
http://en.wikipedia.org/wiki/Prisoners_dilemma http://en.wikipedia.org/wiki/Prisoners_dilemma
- rheide 15y agoYeah, that's why the only thing I could think of that would 'fix' this, is to release new miners that use less processing power, and a new client that only allows input from those miners. Even so, such a thing would be equally as difficult to introduce as, for example, a rule that would hand out 200BTC instead of 50BTC.
- StavrosK 15y agoAs other posters pointed out, someone would cheat and just get a client that used 100% and we'd be back to square one in a day.