Is Bitcoin about to be 51%ed??? - page 5.

irobotnik8

newbie

Activity: 6

Merit: 0

Quote from: flipme on June 10, 2014, 06:32:17 AM

Quote from: irobotnik8 on June 10, 2014, 06:28:59 AM

These scare threads are stupid. "HURR DURR POOL HAS 51% OF MINING POWR" What are they going to do? It's not like miners will continue to support that 51% after an attack. The pool would be finished. There is no incentive whatsoever for a pool such as GHash.io to attack the Bitcoin network.

Dude, do you know who runs ghash.io and who owns it?
Check that out and come back later.

You mean cex.io? Yes, I happen to have an account there. There is STILL no incentive for Ghash to attack the Bitcoin network because it would mean a serious loss of customers for CEX.

manrus

legendary

Activity: 1334

Merit: 1004

TTM

Hardware mining is fail. Use NXT.

flipme

hero member

Activity: 2170

Merit: 640

Undeads.com - P2E Runner Game

Quote from: irobotnik8 on June 10, 2014, 06:28:59 AM

These scare threads are stupid. "HURR DURR POOL HAS 51% OF MINING POWR" What are they going to do? It's not like miners will continue to support that 51% after an attack. The pool would be finished. There is no incentive whatsoever for a pool such as GHash.io to attack the Bitcoin network.

Dude, do you know who runs ghash.io and who owns it?
Check that out and come back later.

irobotnik8

newbie

Activity: 6

Merit: 0

These scare threads are stupid. "HURR DURR POOL HAS 51% OF MINING POWR" What are they going to do? It's not like miners will continue to support that 51% after an attack. The pool would be finished. There is no incentive whatsoever for a pool such as GHash.io to attack the Bitcoin network.

flipme

hero member

Activity: 2170

Merit: 640

Undeads.com - P2E Runner Game

Maybe not, but maybe yes. Murphy is watching you.
Anyway, it doesn't really fit my understanding of a secure blockchain any longer.
BTC's decentralized system is broken for a long time.
If it happens BTC will loose a leg of it's throne. An avalanche will be triggered.

ajareselde

legendary

Activity: 1722

Merit: 1000

Satoshi is rolling in his grave. #bitcoin

Quote from: Gyrsur on June 08, 2014, 01:23:01 PM

*holy shit*

hahah that picture allways makes me laugh, alot of truth in there
but srsly, ghash.io has an awesome pool, but due to their insane growth, they should really make more servers, so that , even tho hash is with them, stays diversified, and prevents forking.
after all the bad news this year, we realy dont need a fork

Abinito

jr. member

Activity: 56

Merit: 250

Quote from: flipme on June 10, 2014, 04:33:27 AM

Quote from: Abinito on June 10, 2014, 04:26:11 AM

Quote from: flipme on June 10, 2014, 04:01:57 AM

Not over. At 43% now again!
https://blockchain.info/pools?timespan=24hrs

Think twice. It not in their interest to attack bitcoin. Millions worth of hashpower they own, they will do everything to protect against 51% attack. Why are you affraid?

45% and rising. If it forks, price will drop like a turd, no doubt about that.
It would be in anybodies interest who is short the market.
And I'm not afraid, I'm actually looking forward to it.

I think you wait for something that will not happen. They had close to 51% multiple times before...

noelmal

sr. member

Activity: 265

Merit: 250

bitcoin will be 69'd before its 51'd Kiss

flipme

hero member

Activity: 2170

Merit: 640

Undeads.com - P2E Runner Game

Quote from: Abinito on June 10, 2014, 04:26:11 AM

Quote from: flipme on June 10, 2014, 04:01:57 AM

Not over. At 43% now again!
https://blockchain.info/pools?timespan=24hrs

Think twice. It not in their interest to attack bitcoin. Millions worth of hashpower they own, they will do everything to protect against 51% attack. Why are you affraid?

45% and rising. If it forks, price will drop like a turd, no doubt about that.
It would be in anybodies interest who is short the market.
And I'm not afraid, I'm actually looking forward to it.

Abinito

jr. member

Activity: 56

Merit: 250

Quote from: flipme on June 10, 2014, 04:01:57 AM

Not over. At 43% now again!
https://blockchain.info/pools?timespan=24hrs

Think twice. It not in their interest to attack bitcoin. Millions worth of hashpower they own, they will do everything to protect against 51% attack. Why are you affraid?

flipme

hero member

Activity: 2170

Merit: 640

Undeads.com - P2E Runner Game

Not over. At 43% now again!
https://blockchain.info/pools?timespan=24hrs

flipme

hero member

Activity: 2170

Merit: 640

Undeads.com - P2E Runner Game

Quote from: digitalindustry on June 08, 2014, 11:23:06 PM

http://www.reddit.com/r/Bitcoin/comments/279sex/ghashio_double_spending/

here is the suggestion that it has been multiple times -

by colluding with other players , this makes perfect "Nash" sense.

Thats a very nice facetted discussion on reddit.
I personally believe they already control more than 51%.
The implications of a double spend are minor, just to distract.

Such a stunt, such a FUD situation would create a win win short selling opportunity for which big player?
The leverage would be stellar, they could multiply their holdings in a couple of hours.

newuser01

sr. member

Activity: 434

Merit: 250

Did I hear anything about decentralized mining?

Myriadcoin is here to fix that

https://bitcointalksearch.org/topic/annxmy-myriad-multi-algo-fair-secure-483515

Amph

legendary

Activity: 3248

Merit: 1070

there are others attack that don't require 51%, but they are not 100% guaranteed to work, less strong than 51% of course

ChekaZ

legendary

Activity: 1884

Merit: 1005

Ghash.io did turn off 'some' hashes to lower their network %.

BitcoinAddicts

hero member

Activity: 502

Merit: 500

Very likely and its time to invest in some altcoin

digitalindustry

hero member

Activity: 798

Merit: 1000

‘Try to be nice’

http://www.reddit.com/r/Bitcoin/comments/279sex/ghashio_double_spending/

here is the suggestion that it has been multiple times -

by colluding with other players , this makes perfect "Nash" sense.

flipme

hero member

Activity: 2170

Merit: 640

Undeads.com - P2E Runner Game

Quote from: r0ach on June 08, 2014, 01:28:45 PM

Um, it's currently between 39-42% on ghash...you may want to update your post.

Is it better now?

r0ach

legendary

Activity: 1260

Merit: 1000

Um, it's currently between 39-42% on ghash...you may want to update your post.

Gyrsur

legendary

Activity: 2856

Merit: 1520

Bitcoin Legal Tender Countries: 2 of 206

*holy shit*

Topic: Is Bitcoin about to be 51%ed??? - page 5. (Read 5182 times)