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 <m...@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 <m...@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/ ------------------------------------------------------------------------------ Want fast and easy access to all the code in your enterprise? Index and search up to 200,000 lines of code with a free copy of Black Duck Code Sight - the same software that powers the world's largest code search on Ohloh, the Black Duck Open Hub! Try it now. http://p.sf.net/sfu/bds _______________________________________________ Bitcoin-development mailing list Bitcoin-development@lists.sourceforge.net https://lists.sourceforge.net/lists/listinfo/bitcoin-development
