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Doable but people will then quickly flee from the pools.
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Nothing new, dictatorship being dictatorship.
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Bitcoin exists exactly because we cannot trust no one. That's why it exists and why it was made how it is made. We must suppose that any vulnerability will be exploited eventually. People can be corrupted.
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Well i have to say that if it is true then they would disguise their blocks so it does not look like they are making them and are having such a high % of the total hashrate.
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Yes, man owning the world biggest mining pool is stupid?!? And, yes, he doesn't care if he ruins his bread & butter business - Bitcoin?!?
Who said they r not hired by an ABC agency? Trolling or serious? Actually it is a very possible situation. |
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Processing chips calculate faster when they’re hot I suppose this confirm the incompetency of today's journalists  |
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Situation is getting too risky. I can't trust bitcoin when a single entity control almost half of hashing power. No one should trust it.
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That website is epic wrong. Yes i have read their "assumptions" but these definitely does not justify such a high cost. If the difficulty continues to rise by 25% each time, in one year the cost to 50% would be ~$8.5 billion.
In 2 years it would be ~$1.79 trillion. Or maybe not. Do you realize that difficulty is rising because much better hardware is being released and NOT because more people invest? We moved from GPU to lower performance ASIC and now moving to higher performance ASIC so difficulty is skyrocketing, but it is exactly like when we moved from cpu to gpu mining. Same investment but much higher difficulty, because the hardware was different. |
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Yes you are wrong. A 51% attack=bitcoin is useless.
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And what is the fear exactly? That big banks will spend a few tens or hundreds of millions of dollars so they can doublespend on Satoshi Dice? Besides, maybe the mining pools could get together very quickly to balance out the network.
Please learn what a 51% attack is before posting. |
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Yes a dictatoriship could make bitcoin illegal, that's not new and that's not so important. Maybe they can make a law wich say that every bitcoin user must be killed!
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As Entropy-uc said, no we can't.
Pardon, who is Entropy-uc ? Someone who deleted the message i was refering to |
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If you'd have to pick one person from Star Trek to be Satoshi, who would you pick?
Zefram Cochrane, the man who revolutionized the society  |
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This is awesome, AMD basically said they like cryptocurrencies
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Unlike in real life on the internet you can block somebody's I.P address or username and never have to deal with them again. Is this a joke? Or are you serious? |
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And at the next senate discussion about hot dogs there will be a missing and exploited children representant
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Taiwan is not China but this does not mean it is different from China. Maybe their government sucks exactly like china one.
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Ahh yes makes sense, because bitcoin is NOT a currency, providing services around it requires permission from the financiën supervisory commission...
I need FSC permission too for my hotdog stand now?
You are clearly a money transmitter  |
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