Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
cypherdoc
on 20/01/2015, 00:11:19 UTC
Yes, I know that you do not see anything wrong with that picture.  The top 6 companies have 60% of the hashrate.  What could possibly go wrong?  As long as there is sand around...

Yes, but you would be saying the same thing if it were 10 with 60% or 20 with 60%.  These are pools, miners can re-direct their rigs anytime.  They are not going to conspire to destroy BTC, what would be the point.


exactly right.  if Bitcoin becomes a mainstream currency, mining pools have a chance to become the accountants of the entire system which would mean enormous profits.  but if they attack themselves, they get nothing.