Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
smooth
on 26/03/2015, 02:21:43 UTC
what happened to yours and everyone elses FUD about the pools themselves organizing to do it? 
Looks like a bitcoin core developer is expressing that same FUD!
Heresy!

Quick! Shoot him down!

https://twitter.com/petertoddbtc/status/572517325250801664?lang=en
https://twitter.com/petertoddbtc/status/572519382108139520
https://twitter.com/petertoddbtc/status/572519758769213440


whoa!  i guess if Peter Todd said it, it must be true!

look, i like Peter for the most part, but his specialty is stirring the pot. 

Every one of his statements is true.

It isn't that the split of hash across pools is fake, it is that there is absolutely no way to know, and the incentive to lie is both there and has increased.

It's quite silly to pretend this isn't a concern. The security model of mining is based on any actor's share being small. Small doesn't mean <=50% or even <20%, its more like 2% or maybe 0.2%.