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blatchcorn (OP)
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June 12, 2014, 04:03:06 PM |
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Not going to lie, I am feeling a bit worried about their hash share despite being an ultra-bull
Obviously a 51% share would probably lead to some kind of sell-off, but can we expect something as low as 49%?
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Even in the event that an attacker gains more than 50% of the network's
computational power, only transactions sent by the attacker could be
reversed or double-spent. The network would not be destroyed.
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Bitcopia
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June 12, 2014, 04:07:11 PM |
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Not going to lie, I am feeling a bit worried about their hash share despite being an ultra-bull
Obviously a 51% share would probably lead to some kind of sell-off, but can we expect something as low as 49%?
Another thread about this?? This is nothing new: https://bitcointalk.org/index.php?topic=407217.0 |
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Sawadekub
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June 12, 2014, 04:08:28 PM |
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yea its nothing new and it can be solved easily.. please read the news =.=..
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GigaCoin
Sr. Member
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Activity: 308
Merit: 251
Giga
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June 12, 2014, 05:28:10 PM |
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happened many times before, it's not a concern. We've been through this many times.
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blatchcorn (OP)
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June 12, 2014, 05:58:24 PM |
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So sane miners switched pools when it reached 45% last time - how close to 51% is it going to get this time before they switched?
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zimmah
Legendary
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Activity: 1106
Merit: 1005
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June 12, 2014, 06:21:26 PM |
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So sane miners switched pools when it reached 45% last time - how close to 51% is it going to get this time before they switched?
how many times must this happen before other pools offer the same features as GHASH? |
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cooldgamer
Legendary
Offline
Activity: 1218
Merit: 1003
We are the champions of the night
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June 12, 2014, 06:41:32 PM |
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Miners will panic and move their hardware over to another pool, ghash falls back down to not a threat, then it happens all over again (unless somebody makes a better pool). Not gonna do anything to the price
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zoinky
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June 12, 2014, 07:47:33 PM |
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101%
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Zawamiya
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June 13, 2014, 12:29:00 AM |
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51% exactly, nothing less. But it would only cause big price falls when ghash execute the attack..
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blatchcorn (OP)
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June 13, 2014, 07:39:02 AM |
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And we are now at 50% and the switch has not yet happened |
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maker88
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June 13, 2014, 11:34:28 AM |
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And we are now at 50% and the switch has not yet happened I'm curious as to what you think the motivation of these miners would be to crash bitcoin with a 51% attack? these guys make a lot of money doing essentially nothing, you think they'd just destroy that system and throw all their money into the fire? for what? just to say haha we killed bitcoin? there has to be a motive, and the only logical one would be all the miners decided they'd rather be poor. i don't see it. |
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FLF
Newbie
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Merit: 0
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June 13, 2014, 11:47:02 AM |
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wonkytonky
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June 13, 2014, 11:49:26 AM |
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Whatever. And no you haven’t been in bitcoin since 2010. Plus if you really feel the way you do. Then sell. Have conviction. If not keep pounding sand.
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