Bitcoin's current model of mining encourages centralization and is highly vulnerable to attack
P.S. Mining is now concentrated in one pool with greater then 51% attack hash power.
Why do you keep claiming that?
https://blockchain.info/pools
No pool is close to 50%.
Guys, he has an IQ of 150. He must be right.
Oh here come the ad hominem attacks again as if attacking me will change the facts. Or the bitter emotions as if I am responsible for the collapsing price. Grow up and grow some balls stop acting like women.
I saw an article which claimed it had increased to 50% recently. I can't find that article again. I find articles such as these:
http://news.slashdot.org/story/14/01/10/1422206/largest-bitcoin-mining-pool-pledges-not-to-execute-51-attack
I see it reached at least 42%:
http://www.coindesk.com/bitcoin-miners-ditch-ghash-io-pool-51-attack/
Any way, just take 2 or 3 of the pools and you have over 50%. So my point remains.
Pedantic resistance of the facts is just wasting everyone's time.
