Deepbit had controlling share in the network a couple of times and we survived. They won't do anything because it's in their best interest to play nice. Think about it a minute. They're holding a mass of btc profit from running a successful pool. They could continue making more money but instead they decide to make their holdings worthless by fucking with the network. Yeah, that makes sense. Calm down people, the sky isn't falling.
Topic: GHash is at 48% WTF - page 6. (Read 7069 times)
So much paranoia on these forums, and so much forgetting about rational self-interest. What do you think happens to the fool who destroys the wealth of tens of thousands of hackers?
Nothing good.
Nothing good.
Exactly. I would like to see them lower it some to keep everyone from freaking out, but I am not at all worried about ghash doing something to destroy bit coin.
Well if no one will step up and do something we could be in for a rude awakening. Where are the bitcoin pirates with their DDOS botnets to take this pool down a notch 
....
.... DDOS attackers are pure scum. Such an attack would cost other bit coin miners lost revenue. Are you going to pay them back?
I see few options if we actually reach 50%+ .... Bitcoins will be worthless if double spending occurs. Network compromised ruins this system.
They would destroy their own company and wealth to do it. Why in the world would they toss away tons of revenue to double spend a few coins?
This is a valid point, but some people destroy simply because they can. Do we have any idea who the actual owners are? From what I have heard no one knows who is pulling the strings, and that is a dangerous game when we give a loaded gun to someone who is anonymous.
So much paranoia on these forums, and so much forgetting about rational self-interest. What do you think happens to the fool who destroys the wealth of tens of thousands of hackers?
Nothing good.
Nothing good.
although 51%+ is a pivitol point. remember its not the fact that they have 51%, its the fact of if they will do anything nasty once they have 51%+
although id like to think they wouldnt shoot themselves in the foot by doing anything... thus nothing will change, there is that chance that the owner of Ghash is a complete knob and would do something.. so dont think of the 51%, think about if GHash CEO is a knob or not. and lets hope he is not.
with that said lets get all your miners on different pools to disburse the hash-power so we never have to find out if Ghash CEO will be a knob or not
although id like to think they wouldnt shoot themselves in the foot by doing anything... thus nothing will change, there is that chance that the owner of Ghash is a complete knob and would do something.. so dont think of the 51%, think about if GHash CEO is a knob or not. and lets hope he is not.
with that said lets get all your miners on different pools to disburse the hash-power so we never have to find out if Ghash CEO will be a knob or not
Well if no one will step up and do something we could be in for a rude awakening. Where are the bitcoin pirates with their DDOS botnets to take this pool down a notch ....
.... DDOS attackers are pure scum. Such an attack would cost other bit coin miners lost revenue. Are you going to pay them back?
I see few options if we actually reach 50%+ .... Bitcoins will be worthless if double spending occurs. Network compromised ruins this system.
They would destroy their own company and wealth to do it. Why in the world would they toss away tons of revenue to double spend a few coins?
I'm not worried, but that's probably just because I'm smarter than you.
Well if no one will step up and do something we could be in for a rude awakening. Where are the bitcoin pirates with their DDOS botnets to take this pool down a notch ....
.... DDOS attackers are pure scum. Such an attack would cost other bit coin miners lost revenue. Are you going to pay them back?
I see few options if we actually reach 50%+ .... Bitcoins will be worthless if double spending occurs. Network compromised ruins this system.
Well if no one will step up and do something we could be in for a rude awakening. Where are the bitcoin pirates with their DDOS botnets to take this pool down a notch ....
.... DDOS attackers are pure scum. Such an attack would cost other bit coin miners lost revenue. Are you going to pay them back?
Well if no one will step up and do something we could be in for a rude awakening. Where are the bitcoin pirates with their DDOS botnets to take this pool down a notch ....
.... 48%....shit. It's going to be real.
Do you have a screenshoot for me? I'd like to share it with twitter.
39% now. https://blockchain.info/poolsDo you have a screenshoot for me? I'd like to share it with twitter.
You're looking at 4 days I believe, look at 24hrs.
48%....shit. It's going to be real.
Do you have a screenshoot for me? I'd like to share it with twitter.
39% now. https://blockchain.info/poolsDo you have a screenshoot for me? I'd like to share it with twitter.
You're looking at 4 days I believe, look at 24hrs.
48%....shit. It's going to be real.
Do you have a screenshoot for me? I'd like to share it with twitter.
39% now. https://blockchain.info/poolsDo you have a screenshoot for me? I'd like to share it with twitter.
You have the wrong time frame.
48%....shit. It's going to be real.
Do you have a screenshoot for me? I'd like to share it with twitter.
39% now. https://blockchain.info/pools Do you have a screenshoot for me? I'd like to share it with twitter.
48%....shit. It's going to be real.
Do you have a screenshoot for me? I'd like to share it with twitter.
Do you have a screenshoot for me? I'd like to share it with twitter.
This is fucking serious people get off GHash the consequences for 51% are huge. It could be detrimental for bitcoin going forward. Once people realize that the Achilles heel in bitcoin is real, they'll permanently mark it with a negative stigma.
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