gentlemand
Legendary
 Offline
Activity: 2604
Merit: 3089
Welt Am Draht
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June 10, 2014, 07:39:50 PM |
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I believe it's a brand new development.
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ChartBuddy
Legendary
 Online
Activity: 2618
Merit: 2292
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
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June 10, 2014, 08:01:02 PM |
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wachtwoord
Legendary
Offline
Activity: 2380
Merit: 1141
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June 10, 2014, 08:05:38 PM |
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Who'd've thunk it just a couple of years ago? I thought They wanted to go for XBT as the nomenclature though. Is it sad I think this is one of the coolest things ever?  Yeah, I know it is ....  |
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Parazyd
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June 10, 2014, 08:07:54 PM |
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Okay, who's gonna do market buys?
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Dalmar
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June 10, 2014, 08:17:11 PM |
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deadley
Legendary
Offline
Activity: 2562
Merit: 1064
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June 10, 2014, 08:21:14 PM |
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Its really scaring, dont know what will happen if they touch 51% mark. |
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wachtwoord
Legendary
Offline
Activity: 2380
Merit: 1141
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June 10, 2014, 08:22:33 PM |
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Its really scaring, dont know what will happen if they touch 51% mark. It happened in the past with different pools and nothing happened. I really thought this time was behind us. How the hell did p2pool not take off? Come on, this community should be technically competent enough ... |
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romneymoney
Full Member
Offline
Activity: 193
Merit: 117
HODL
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June 10, 2014, 08:24:47 PM |
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N12
Donator
Legendary
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Activity: 1610
Merit: 1011
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June 10, 2014, 08:29:12 PM |
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Richy_T
Legendary
Offline
Activity: 2842
Merit: 2530
1RichyTrEwPYjZSeAYxeiFBNnKC9UjC5k
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June 10, 2014, 08:32:38 PM |
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Its really scaring, dont know what will happen if they touch 51% mark. It happened in the past with different pools and nothing happened. I really thought this time was behind us. How the hell did p2pool not take off? Come on, this community should be technically competent enough ... p2pool is pretty neat and I used it a bit until all my equipment became obsolete. It has more variance than some people like though. |
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hd060053
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June 10, 2014, 08:39:07 PM |
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stamp going below btc-e soon.
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seljo
Legendary
Offline
Activity: 1179
Merit: 1014
Hodling since 2011.®
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June 10, 2014, 08:40:06 PM |
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Its really scaring, dont know what will happen if they touch 51% mark. It happened in the past with different pools and nothing happened. I really thought this time was behind us. How the hell did p2pool not take off? Come on, this community should be technically competent enough ... p2pool is pretty neat and I used it a bit until all my equipment became obsolete. It has more variance than some people like though. Ghash is on 40.57 Phs atm... |
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Erdogan
Legendary
Offline
Activity: 1512
Merit: 1005
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June 10, 2014, 08:42:02 PM |
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seljo
Legendary
Offline
Activity: 1179
Merit: 1014
Hodling since 2011.®
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June 10, 2014, 08:45:25 PM |
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I care, ghash is my weapon of choice, moar btc for me. |
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Ivanhoe
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June 10, 2014, 08:52:51 PM |
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LTC/BTC going down through support.
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tarmi
Legendary
Offline
Activity: 1232
Merit: 1011
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June 10, 2014, 08:53:34 PM |
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I care, ghash is my weapon of choice, moar btc for me. oh really? |
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ljudotina
Legendary
Offline
Activity: 1260
Merit: 1029
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June 10, 2014, 08:55:40 PM |
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Ghash is earning insane amount of $$$ on BTC. I don't see how would they intentionaly want to destroy what feeds them (and feeds them very very good).
Thos, this situation, should be sign for devs....it's time to make some serious decisions.
Everyone sais, ASIC's are "keepers of network" they "make it safer".
Well, you don't need ASIC to tear Bitcoin apart. All you need to do is to bribe / somehow convince leaders of 2 or 3 top pools and thing is over. That's 2 or 3 individuals....and that's what's really scarry.
Bitcoin is great thing, not because of hardware, it's great because of it's protocol (software). That's why security can not be and should not be guaranteed by hardware. It should be enforced in protocol, on software side. Solutions are out there, just check some other coins and their solutions.
But i dont really see it change. Hardware companies are too deep into BTC coding decisions to let anything change as far as that goes.
I still believe in Bitcoin, i still hold what i have, and buy what i can, but i dont have to like every aspect of it.
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matt4054
Legendary
Offline
Activity: 1946
Merit: 1038
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June 10, 2014, 08:57:47 PM |
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Most of the hashrate at GHash.io is external. If they play evil, they will massively lose hash power.
Bitcoin is heavily resilient, there's no need to worry all that much.
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hd060053
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June 10, 2014, 08:57:58 PM |
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Ghash is earning insane amount of $$$ on BTC. I don't see how would they intentionaly want to destroy what feeds them (and feeds them very very good).
Thos, this situation, should be sign for devs....it's time to make some serious decisions.
Everyone sais, ASIC's are "keepers of network" they "make it safer".
Well, you don't need ASIC to tear Bitcoin apart. All you need to do is to bribe / somehow convince leaders of 2 or 3 top pools and thing is over. That's 2 or 3 individuals....and that's what's really scarry.
Bitcoin is great thing, not because of hardware, it's great because of it's protocol (software). That's why security can not be and should not be guaranteed by hardware. It should be enforced in protocol, on software side. Solutions are out there, just check some other coins and their solutions.
But i dont really see it change. Hardware companies are too deep into BTC coding decisions to let anything change as far as that goes.
I still believe in Bitcoin, i still hold what i have, and buy what i can, but i dont have to like every aspect of it.
y, that really scary. 2 persons (leaders of pools) could destroy bitcoin, if they really want or are forced. |
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KFR
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June 10, 2014, 09:00:29 PM |
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Its really scaring, dont know what will happen if they touch 51% mark. Absolutely nothing. 51% is not, in this case at least, a magic number. Double spend attacks are theoretically possible with much less than 51%. Furthermore those in control of the 51% can not somehow magically destroy Bitcoin overnight. It simply means that they, in theory, could destabilize the network and perhaps scam some coins but A) that's massively not in their interests and B) as soon as some miners shift their hashrate to a different pool their evil plans are totally thwarted. If you're actually interested in knowing and understanding: https://bitcoil.co.il/Doublespend.pdfTLDR: The threat is real but the implications are often massively overblown. Learn more; worry less.  |
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