Quote from: kiklo on January 01, 2017, 04:57:23 AM

Quote from: jbreher on December 31, 2016, 08:36:57 PM

Quote from: shinratensei_ on December 31, 2016, 04:35:17 AM

There is no singular 51% attack, there is 51% attack by grouping.

In regards to collusion amongst multiple parties, nationality is irrelevant. And unless you can point to a concrete instance of these parties colluding, your statement "there is 51% attack" is false.

http://www.coindesk.com/china-miners-big-blocks/

Quote

It was not entirely an idle joke when one speaker at China's first miner conference quipped that
if the audience decided to launch a 51% attack against the bitcoin network, they would probably be able to pull it off.

Quote

Huang's most notable comments addressed the issue of scaling, or how the bitcoin blockchain might be upgraded for more transactions.

Rather than focus on incremental solutions (like Segregated Witness, introduced in the latest bitcoin software update),
he took an opposite approach. His talk saw him arguing for the aggressive on-chain scaling tactics that have earned a notable minority of enthusiasts.

When Huang took up the subject, he suggested miners "pretty much determine" how the bitcoin network will scale.

* By Miners, he meant the Chinese Miners. Wink

FYI:
No probably about it with ~67% hash rate combined they can 51% attack it without breaking a sweat.
If you think the Chinese are dumb enough to have over 51% hash show up on 1 mining pool,
Please realize they are Smarter than that, by keeping their massive control of BTC separated by a Pie Chart,
all of the BTC Shrills will argue they don't have 51% , which is BS, because combined they do.
BTC or Chinese Yuan, same thing China controls both.
All of you that are blind to this, should read the art of war, it is their playbook for War & Business.

http://www.chinabusinessleadership.com/2013/09/05/is-using-the-art-of-war-for-doing-business-in-china-a-good-concept/

Quote

Small Business principles from a war manual is really what China is like.
In 1996, all businessmen in China were studying Sun Tzus Art of War to learn business and seasoned local Chinese businessmen today are 10 times more familiar with this than Ken Blanchard.

The Chinese can do 51% outside the personal attack.
So it's real. Shocked

I've understood what the Chinese people's mind.

Can Segwit.co be an evidence? Huh

It can be affecting the result of the consensus. Although every pool was running with alone.

So even SegWit won't be activating and Lightning will be lame.