50% now!
Topic: It's already 48%, No one care about Ghash? - page 4. (Read 5183 times)
How can this be possible!
50% now!
50% now!
Even if there is no problem this time, this will be more and more of a problem in the future. It is sad to see something that was meant to be "decentralized" become so close to be centralized.
I wonder if other methods other than PoW can and will be truly decentralized??
To me it is all about incentive. Miners are being reward for becoming centralized and not processing transactions that are small. That isn't a very well designed system for the future of money.
I wonder if other methods other than PoW can and will be truly decentralized??
To me it is all about incentive. Miners are being reward for becoming centralized and not processing transactions that are small. That isn't a very well designed system for the future of money.
Can easily have this work if the other pools competed better with Ghash. Think about it this way, if we had a SECOND Ghash.io, that would be a good thing. But instead, we have Slush, Eligius, etc. (not that they're baaadddd, just that they could be better).
Can the devs do something about it, incase it continues to grow?
You mean can the community do something about it in case it continues to grow. Software can do pretty much anything. That's not a problem. For example, it's possible to detect and reject blocks from certain sources if enough people run such software. The challenge is getting people to run various types of software.
The community for the most part would never run software which changed the coin limit, for example. However, it might be acceptable to ban parties with proven intent to defraud on the network.
This gives some comfort: https://twitter.com/jeff_smith01/status/476652314221367297
Comfort? This is a joke.
+1, a sad, evil joke.
Even if there is no problem this time, this will be more and more of a problem in the future. It is sad to see something that was meant to be "decentralized" become so close to be centralized.
I wonder if other methods other than PoW can and will be truly decentralized??
To me it is all about incentive. Miners are being reward for becoming centralized and not processing transactions that are small. That isn't a very well designed system for the future of money.
I wonder if other methods other than PoW can and will be truly decentralized??
To me it is all about incentive. Miners are being reward for becoming centralized and not processing transactions that are small. That isn't a very well designed system for the future of money.
This gives some comfort: https://twitter.com/jeff_smith01/status/476652314221367297
Comfort? This is a joke.
It's all empty talk here. Those who care can't do anything about it, and those who can don't want to, because they are mining more coins.
I do not think double spending is a problem now, but it may become a more serious issue when ghash pass the 60% or 70% mark. Can the devs do something about it, incase it continues to grow?
I do not think double spending is a problem now, but it may become a more serious issue when ghash pass the 60% or 70% mark. Can the devs do something about it, incase it continues to grow?
This gives some comfort: https://twitter.com/jeff_smith01/status/476652314221367297
This is good for bitcoin because
Who said it's good? This is awful.
Dont worry Parazyd, I have seen lately a lot of ignorants who dont have a clue about BTC and also dont give a fuck.
blockchain.info/de/double-spends
Bitcoin is facing a serious threat.
Yes, you are one of them.
Any private key holder could create double spend attampts. It has nothing to do with mining
I know that, I have 3 in conflict transactions
The problem is that I cant make em valid unless I control most of the network power.That's why I say you don't have a clue about BTC. Even if you control 100% of the mining power, you can't make them valid at the same time
They just went from 50% to 49%.
ghash.io currently down to 44%. We are heading in the right direction fellas! Still at 49%, where did you see 44?
This is good for bitcoin because
Who said it's good? This is awful.
Dont worry Parazyd, I have seen lately a lot of ignorants who dont have a clue about BTC and also dont give a fuck.
blockchain.info/de/double-spends
Bitcoin is facing a serious threat.
Yes, you are one of them.
Any private key holder could create double spend attampts. It has nothing to do with mining
I know that, I have 3 in conflict transactions
The problem is that I cant make em valid unless I control most of the network power. 
Whatever, point is they have 50% and they aren't doing anything about it. They should split to 3-4 different pools.
Yes. I agree maybe they should. The thing is that Bitcoin has to work without people being nice. It has to work that way or sooner or later someone will come along and not be nice, and break it. That is the way the world is unfortunately.
They just went from 50% to 49%.
ghash.io currently down to 44%. We are heading in the right direction fellas! I'm seeing 3 double-spends out of 500,000 recent transactions, and all 3 are < 1 bitcoin.
Ghash is earning hundreds of thousands of dollars a day. Why would it put that at risk for a couple of bitcoin in a double-spend?
Proof of them being able to do it... I dunno.
Gbozo works in bank and earns millions. He sees some small change on his boss's desk and grabs it. Why? Maybe so he could prove he could do it. Genius!
Whatever, point is they have 50% and they aren't doing anything about it. They should split to 3-4 different pools.
I'm seeing 3 double-spends out of 500,000 recent transactions, and all 3 are < 1 bitcoin.
Ghash is earning hundreds of thousands of dollars a day. Why would it put that at risk for a couple of bitcoin in a double-spend?
Proof of them being able to do it... I dunno.
Gbozo works in bank and earns millions. He sees some small change on his boss's desk and grabs it. Why? Maybe so he could prove he could do it. Genius!
I'm seeing 3 double-spends out of 500,000 recent transactions, and all 3 are < 1 bitcoin.
Ghash is earning hundreds of thousands of dollars a day. Why would it put that at risk for a couple of bitcoin in a double-spend?
Proof of them being able to do it... I dunno.
This is good for bitcoin because
Who said it's good? This is awful.
Dont worry Parazyd, I have seen lately a lot of ignorants who dont have a clue about BTC and also dont give a fuck.
blockchain.info/de/double-spends
Bitcoin is facing a serious threat.
Yes, you are one of them.
Any private key holder could create double spend attampts. It has nothing to do with mining
I'm seeing 3 double-spends out of 500,000 recent transactions, and all 3 are < 1 bitcoin.
Ghash is earning hundreds of thousands of dollars a day. Why would it put that at risk for a couple of bitcoin in a double-spend?
This is good for bitcoin because
Who said it's good? This is awful.
Dont worry Parazyd, I have seen lately a lot of ignorants who dont have a clue about BTC and also dont give a fuck.
blockchain.info/de/double-spends
Bitcoin is facing a serious threat.
This is good for bitcoin because
Who said it's good? This is awful.
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