I have written another article that may appeal here. I hope you like it!
Good article.
Few things I spotted, possibly meant to be that way, but just in case.
It isn’t just the rules and regulations that are chocking off the Internet either. Those who run the gateways are also given enormous power.
Should chocking be choking?
Abusive images and deeply disturbing.
Should and be are?.
4 Likes
Thanks, @bones - good catches! I’ll update.
3 Likes
2 Likes
Nice write-up @traktion - I think it deserves its own thread.
5 Likes
Don’t eat Russian cheese
3 Likes
7 Likes
That is an article from 2014. The tweet before about the grave-digging competition is also interesting. But maybe better to move the next competition to Berlin.
6 Likes
2 Likes
I am afraid of financial impacts in Rust developments.
Note: The team tries to be reassuring:
6 Likes
5 Likes
2 Likes
Don’t know how long this will be allowed to stay up on YouTube. Another reason why we need SafeNet
3 Likes
3 Likes
$100M into bitcoin mining… this is why I think even if it’s possible for home farmers to take part in farming, they’ll account for by far the minority of network resources. That’s a lot of capital to be putting into mining.
Of course we should always aim to design the network economics on the most level playing field possible (whatever that means), but sheer weight of capital is a force worth acknowledging.
4 Likes
Some form of centralization might not maybe be that bad. Hopefully there will be a good mix. In my mind I have sometimes imagined the network spread across maybe 100 server farms world wide. Things tend to lead towards some form of centralization because it is in many case most optimal for efficiency and performance.
Not saying it is what I wish for it is just an analysis from observing how things seems to work in the world.
100 mill or 100 min ?? 
Some typos are funny
I think there is a little apples/oranges here. How much I am not sure and I doubt it’ll be calculable till some realistic farming is happening.
The reason being is that the profits from bought/rented rigs is going to be a lot different. It could be like 10$ (or maybe 1$) a week from 1000$ of hardware and comms cost.
For home farmer then its 10$ against cents extra costs to run their farm. For the investor its 10$ from 300$ per year upfront + running costs like 30 cents to 100 cents a day to run. For the investor then its 10$ profit for (6$ capital + 3.5$ running) $9.50 per week giving $0.50 profit a week. Even if the investor is able to gain some from faster links even though farming/elder globalisation lag time evens out the home/central playing field for lag
Its this low rate of return that will affect the investor and assist the home farming when considering the investor overtaking with only a pitiful 100 million being invested. What maybe 5000 machines with 20,000 farms compared to the 100’s of thousands to 10’s of millions of home farmers.
We need some real world figures for farming before huge investment farming for profit can be considered a major threat to diminish home farming
4 Likes
Big thud and blunder…
2 Likes
Aral’s Site.js is coming along:
https://twitter.com/aral/status/1299014242918637569?s=20
2 Likes