Therefore, you can limit the profitability and attractiveness of mining pools by having all new currency that is created vest for a period of 6 months.

Basically nobody is going to use this currency.
That's it. 
If there are indeed good ideas in it, it's going to be copied by an alt without arbitrary and ridiculous restrictions. 

The people who mine in large amounts are just more valuable. They're either more interested, more knowledgeable, have more money, or all of it. These are the people you want invested in an idea to make it happen. 
They're better for the currency. 

It's the same in real life. It's better to have an experienced investor with contacts rather than thousands of micro shareholders.

Do you really believe that forcibly distributing all of capital productive to everyone in the world would result in a better economic outcome?

These bulk purchases benefited the mass-miners and not the creators of the crypto-currency.

Don't let excessive greed kill your ideas prematurely, because THAT'S the true issue, isn't it? It's better to have 1% of a currency worth 0.01BTC/PTS rather than 50% of a currency worth 0.000001BTC/PTS (or BTS).

@AnonyMint at this point gpu miner isn't going to prove anything really

Quote from: iruu on November 18, 2013, 07:24:26 am

Can sell 450PTS, 8.55BTC total. Agreed?

My btc address:  1EsqRgBq9fswdfmv7sSpf5ct32b98ZPAbm

Yes, please send your PTS first: Pvaow1qm5kNYLshsAcTArM4Vnpt8bvHGzn

Done df838b7060fbae553ddc485bf01866fa08a736317a39ac20f2131cf4660dd0d1

Let's discard all transactions and sell our mined pts! What could possibly go wrong?

/tried to donate but the PYY address won't validate in the ProtoShares 0.8.5 wallet

WTF

Are you using client from before the hard fork?

Also, all clients versions are the same (yeah...).

If so, better change it, I think you can possibly lose your coins or at least have big problems with transactions

LOL@1 BTC

Even at hour wage for a competent gpu programmer that's a slave's pay - but if someone were to make this he could make way more just by mining

I'm all new to cryptocoins anno 2013. I have no BTC and with BTC on the rise it's not the right time to buy just to be able to buy PTS. That's a lose-lose battle right now. I wish there was a USD->PTS Exchange available.

BTC doesn't rise THAT fast, you can buy btc then pts in one hour or less.

This payout scheme means that some workers get paid more for their work and others get paid less for their work.

What is this, communism? Why should better miners get penalized?

Each pool sets up a secondary pool (separate IP) through which everyone else can connect.

Because botnet operators can't read forum apparently

For the solo miners with large farms, set up a virtual proxy. Point all your machines to this single machine, and change the port forwarding rules accordingly. If any bot farmers go this route, pools can quickly identify them and point them to the 99.9% pool based on IP (or IP ban).

I don't understand this one. How does a virtual proxy make detecting botnets easier? And why is the proxy "virtual" when it is in fact an actual proxy?