Quote from: stuhood on June 08, 2011, 06:49:14 AM

Quote from: Fulltilt on June 08, 2011, 06:32:45 AM

What is worth all these doomsdayers coming in here preaching? I see a lot of conjecture flying around but that is all. Why dont one of you doomsdayers show some proof substantiating your preachings?

Please see https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_computing_power if you don't understand why the current situation is dangerous. One person is frequently in control of the majority of the CPU power in the network. I know that Deepbit has all kinds of lovely features, but at current exchange rates he will be earning close to $1 million a year off your mining fees AND he has the ability to bend the rules of the system.

By continuing to vote for Tycho by giving him your CPU power, you are electing him the dictator of Bitcoin.

If you take the time to read more than one little article you will find that the person who controls more than 50% has to be ONE user! Not a pool. The only way it could happen with Tychos pool is if the person attacking was able to take control of every single members computer. you all are acting like al-Qaida misinterpreting things. If say google decides they dont like bitcoins and put all there computers online and had more than 50% than they could do it. with all the security, firewalls, routers, and so forth there is no way this can happen. Before you go and make fools of yourselves take the time to do a little research. Wink