Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
marcus_of_augustus
on 27/11/2016, 02:10:24 UTC
Watch out for some serious turbulence and cross-currents with the segwit mining signaling phase if the chinese miners are going to try and over-play their hand, as it appears to be shaping up at this stage.

It could be a prime opportunity for a re-decentralisation of mining away from the big 2-3 chinese mining 'pools'. Since the big chinese pools are centralised and their blocks are easily identified they are vulnerable to an orphaning attack as soon as segwit gets over 51% https://blockchain.info/pools ... and which smaller miner wouldn't want to grab some market share of the juicy rewards from these behemoths and take them down a peg or two? If the big 2 or 3 miners (who now have less than 51%) get orphaned off the network the new mining reward split will be much, much more decentralised (and secure) and shift away from its current a chinese-centric vulnerablity. Getting from here to there could be quite turbulent price-wise but ultimately leave behind a much safer, secure (valuable) network.