Post
Topic
Board Bitcoin Discussion
Re: Concern? over 50% of miners controlled by two pools
by
mindfulmojo
on 24/12/2013, 17:49:20 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.

This ^^^^

My biggest fear is that the Star Trek Enterprise will come back through time to our century and pull off a 51% attack.

I think they are only ones with their super advanced technology that could pull it off.

Hell, Commander Data could probably do it with his positronic brain.  Wink