Post
Topic
Board Bitcoin Discussion
Re: Concern? over 50% of miners controlled by two pools
by
BurtW
on 24/12/2013, 14:47:02 UTC
Do you even know what a 51% attack is?  Do you know what can be done using it?  Do you know what would happen if a pool tried to do it?

Let's do a mind experiment.  Assume BTC guild, right now, has 60% of all the hashing power.  Now explain to me exactly what they would do in order to pull off a "51% attack", exactly what they would accomplish by doing it and most importantly exactly why they would do it.