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Miners unite, block OP and his toughtless topics on this forum!
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Have they started double spending yet?
you cannot automatically double spend just by holding 51%. you have to have code that allows it, meaning that they have to intentionally change the rules to allow it. a 51% attack = 51% dominance + intent to attack. many believe GHASH has no intent to shoot themselves in the foot by doing anything nasty So Ghash are just securing/gaurding the network against other malicious attackers Some suspicious double spend attacks were recorded lately but we can't tell if it was them for sure. But it doesn't really seem like this is causing large scale problems so far. Yes because those are every day happenings. It happened before it will happen again...even if no pool has more than 10% hash power. |
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That is true.
Bitcoin or soemthing else doesnt matter. What it matters is that current system is not good and it needs to change by force or by will.
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Have they started double spending yet?
you cannot automatically double spend just by holding 51%. you have to have code that allows it, meaning that they have to intentionally change the rules to allow it. a 51% attack = 51% dominance + intent to attack. many believe GHASH has no intent to shoot themselves in the foot by doing anything nasty So Ghash are just securing/gaurding the network against other malicious attackers It sure looks like that  If bitcoin was about finding central power that secures whole network, ghas would be it. |
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It can, and it will if it survives long enough. As money in current form is NOTHING else than useless paper.
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Yes this is basicly most legal way in US to buy BTC right now. Noone cant ask you anything after this.
"Sir where did you get your BTC from?"
"F fuckin BI"!
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Here we go, 1 more thread....directly under older one...that's how Bitcointalk members roll. I expect 5 new threads in next half hour...all one under another. Let the best thread wins!
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Run to the fucking hills! SELL!!! RUN!!! FIRE!!! SEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEL!
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Evo je Ghash.io udario u 51%.
Jebeno.
ma nisu ludi oni da urade taj napad jer bi sjebali nesto sto im donosi ogroman profit A i jel si video njihovu objavu na CEX.io temi ? Gde gledas to ? Na nekim izvorima su skoro na 51 na nekim tek na oko 49 ? AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAA jadni mi evo, kako, šta sad, propast, vidi sliku, nemoguće, ovo je nemoguće!!!!  SELL SELL SEEEEEELllllll!!!!11!!!!oneoneone!!!!11 Upomoooooć!!! ROFL! Ajmo kome je ovo prvi put da neki pool ima 51% slobodno se javite nećemo vam ništa! Ahahahahah fino sam se nasmijao. Evo moram priznati, meni je prvi puta, al samo zato jer sam "zadnji puta" bio toliko malo informiran da nisam imao pojma sto se dogadja, a nisam ni BTC-a imao pa mi je bilo svejdno |
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Pa mozes i ti holdat i skupljat za nesto s cim bi mogao poceti stvarati vrijednost pa onda i kupovati BTC.
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like i allready said somewhere, ghash.io just needs to place another server, to reduce the load, and everything will be fine. they can also keep the hashrate, it doesnt matter if they have it spread out across their servers. that wont work because they still have their same code. even spread over 1000000 servers if all servers have code that says reward=200btc. and it gets mined. due to the fact that 51% of miners combined say that 200 coins is acceptable. then it gets accepted. i said months ago, you dont ned to spend multiple millions to buy enough ASICS to get 51% of the network. you just need either to own a pool and have atleast 51% of the community join you. or bribe several pools/servers which would equate to 51% to agree to use your code Pools mean rats ass if there are no miners in them. If change is not good for miners too, they will just leave that pool and join another. |
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Or just change diff for any entity that has hash rate above certain percentage of whole network hash rate. Than pools and miners would be forced to split to smaller groups and pools.
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Protocol can be change to whatever is needed. It's just question of will miners go to new version of software or will they stick to old one.
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Darnm, this is cool. Give one of those ability to alert it's owner when it's broken and you have hell of a piece of hardware. Superman crystal resemblence cant be bad Thats an interesting idea- although I'm not sure exactly how one could do that- radio signal? GPS? all of these things would can be blocked, and would be blocked by any serious thief. Although I suppose the device you put it in could be protected in some way. I didint give it much tought really...only cool idea  |
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In a free market economy, u cant expect the leader to step down. The competitors should step up. Or it should be regulated by authority (in this case bitcoin protocol itself). It should be possible to force anyone from amasing hash power like that on protocol side. It's not Ghas that should fix this, devs are ones that need to secure network on protocol level. You can't just blacklist an entire pool. You cant blacklist, but u can cease its mining power programmatically with protocol level modification. Please read the proposition => https://bitcointalk.org/index.php?topic=650778.0But you talk about leaving it at 49%. That's still way too dangerous. It can be set to any "max" level...even "only p2p" can be forced on protocol level. Best and only way to protect network is portocol, not hardware. |
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"Hey, Joe, watch this. I'm going to move $84M just to fuck with the Bitcoin community."
"You're a sick bastard, Rick, but that's why we love you."
I'm pretty much sure they are still laughing. Or even better: "Hey, Joe, do you need cheeper BTC?" "Yeah, too bad we cant drop it down for 100 or so $ without investing anything" "Just watch me" - *creates new adress and sends all BTC there* "Wow, thanks Rick, i got in 100$ below price! Now i can sell and earn some money. Can we do it tomorrow again?" |
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If bitcoin is a scam, it only learned from fiat. Legal theft of assets trough limitless printig....let's talk about scam...
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In a free market economy, u cant expect the leader to step down. The competitors should step up. Or it should be regulated by authority (in this case bitcoin protocol itself). It should be possible to force anyone from amasing hash power like that on protocol side. It's not Ghas that should fix this, devs are ones that need to secure network on protocol level. |
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They are working on option that will enable you to redirect their hardware out of their pool. So basicly you rent their hardware but you mine at pool of your choice.
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LAst night 10k of sold BTC dropped price of BTC for 100$. It all depends on market deapth in that time what will happen with price. If someone puts buying wall it can all be sucked up w/o price ever noticing it. If there is no wall, it can bread price down to whatever...but thing is, it would rebound quickly (like it's rebounding right now)
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