Guys quick question about the bitcoin consensus issue (I haven't been following it so not completely clued into what is happening), my understanding was the consensus was which ever chain had the most core clients open, but from what I hear the miners in china basically controls which chain to follow, is this correct? is that because if they don't upgrade the the amount of hashing power the new chain loses would mean it gets stuck for months+
and does the multi algo mitigate this for digibyte? if not is there a way we can mitigate this issue (not talking about a central authority)
? Im not a knowledge base on this but i thought it was the percentage of hash power can alter this.. hence the 51% attack. Not the number of core clients open. You can have 1000000000 empty wallets open all the time but this won't give you control of the bitcoin network. If it did people would scramble to have the most virtual boxes with wallets going to do this and cheat people out of money... they wouldn't be investing in asics. Its all about the hash power amount.
Many pools try to limit the max they have to 30% or so to avoid this. Controlling too much is detrimental to them