Again you are all making a classical mistake under the assumption that added hashrate equals more network security. It DOES NOT. Individual nodes do. You know the individual miners that started this whole thing with GPU's.
Consider Farms will expand until they can no longer. Large mining farms start buying out other mining farms (Free market you keep raving about). A monopoly is possible. Don't you dare say its not. The second its not profitable some people wont mine at all. Others will for fun but their hashrate will be outweighed by the large farms that will consolidate over time.
What happens when the majority of network hashrate is owned by one farm? Your security is fucking gone and the largest farm really is the central bank now isn't it? They can manipulate the network at will REGARDLESS of overall hashrate. What matters is who owns what % of OVERALL hashrate. More hashrate does not equal more security. It means nothing.
How are you guys blind to this.
It's called a 51% attack. Yes, its possible.
What's your proposal? Mine less?? huh?
I'm aware. As should everyone here who's ever joined a pool. I see it on the horizon than I see it just possible. But that me man. My proposal? I don't have one. I'm looking to the people on this one. We probably have the least amount of nodes we ever did. At least in the past we had every person in the usa with an ATI video card running nodes. Now its down to who can afford asic's for basically fun, and large farms.