Post of the Month - November 2018


#1

It’s time for November Edition! A Kaiser - Hardware Wallet, from Bizblocks is waiting for you!

Everyone is invited to participate!

Suggested Topic: Mining decentralization

-What do you think it is?
-Why is so important?
-What else can be done to improve it?

What’s the prize?

1st place: Kaiser - Hardware Wallet - From Bizblocks
2nd place: 1.50 BTG
3rd place: 1 BTG

(To be awarded sometime in the first two weeks of December.)

How does it work?

At month’s end, BTG staff will choose five finalists from the Forum.

The Community will vote on the finalists via Twitter to decide the winners.

Eligibility

  • any new Topic post or response anywhere on the Forum which is timestamped within the month is potentially eligible to win, whether or not it was intended as an entry
  • does not have to be BTG-specific, but must be crypto-related in some way and this month’s topic suggestion is Hardware wallets.
  • cannot contain offensive or hateful speech
  • cannot focus on price speculation (thoughtful discussion on markets and valuations is OK)
  • BTG Team/Staff are not eligible

(Feel free to edit your work based on feedback from the Community - every good writer knows that their first draft is never their best!)

Selection Criteria

When selecting finalists, at least two members of the Bitcoin Gold Forum team will review all potential winners and select the top five articles based on the following guidelines:

  • usefulness to the Community
  • accuracy and trustworthiness
  • number of views
  • likes (Community appreciation)
  • comments (Community engagement)

Responding to your favorite posts with likes and comments here on the forum is the best way to ensure it will be a contender at the voting time.

Voting

The top five items will be posted on Twitter in random order, at roughly the same time, and scored as follows:

Retweet = 3 points
Like = 1 point

We’ll give Twitter seven days - 168 hours - to help us decide the winning order, and then announce the winner.


#2

SELECTED AS THE FIRST CONTENDER OF THE - POST OF THE MONTH - NOVEMBER’s Edition

My entry


Post of the Month Top 5 - November 2018
#3

SELECTED AS THE SECOND CONTENDER OF THE - POST OF THE MONTH - NOVEMBER’s Edition

I think that must be more laws or protocols to decentralize the mining power because of that the bitcoin soul. Bitcoin is a solution to fight againts corruption and manipulate markets and if a pool get a big percent mine power is dangerous to all the net and ecosystem. The community must have that question ever in your first challenger to improve Bitcoin.


Post of the Month Top 5 - November 2018
#4

SELECTED AS THE THIRD CONTENDER OF THE - POST OF THE MONTH - NOVEMBER’s Edition

What do you think it is?

I believe that mining decentralization is a fundamental part of the crypto economy, considering that decentralization is a basis and a basic principle of blockchain technology. In addition, bitcoin appeared as an alternative to the centralized authorities that administer our global monetary system.

Why is so important?

It is very important to ensure that the system is not manipulated by malicious actors and by inappropriate regulatory actions of any particular country or by simple calculation errors.

However, at present, we have a big problem that the ecosystem must solve in the future. The large corporations have the power of Hash, Bitmain being the main actor, Bitmain has a monopoly on the manufacture of ASIC equipment and also has 50% hash power in the BITCOIN network, the most important in the ecosystem, this situation causes a vulnerability in the ecosystem that must be dealt with quickly.

In the case of other networks, we can find another form of centralization through the mining pools where each individual gives its power of hash to the mining pool, which makes it dependent on the system and the way in which this pool distributes the collective rewards. The difficulty of mining in very popular networks such as Ethereum means that individuals must resort to mining pools to obtain short-term rewards.

What else can be done to improve it?

To improve the decentralization of mining, the monopoly on the production of mining equipment must be eliminated, ASIC (BITMAIN) GPU (ENVIDIA, AMD). this can be achieved through the global and geopolitical regulators.

More research must be done to develop new algorithms that allow network consensus, alternatives such as POS already exist.


Post of the Month Top 5 - November 2018