Post
Topic
Board Securities
Re: ASICMINER: Entering the Future of ASIC Mining by Inventing It
by
JaredR26
on 10/05/2013, 12:14:16 UTC
Please stop being worried about an single entity having 50%+ of the network,

Someone could have 90% hashrate and as long as he doesn't mess with the chain rules you've nothing to worry about.

It does matter.  What if the attacker was a government?  They don't have to try to stop Bitcoin.  They just have to sieze that one operator of 50+% mining, and suddenly they have the whole network.