Post
Topic
Board Bitcoin Discussion
Re: Concern? over 50% of miners controlled by two pools
by
pera
on 24/12/2013, 18:19:04 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.

the whole point of bitcoin is being a decentralized currency... yeah, I don't think any mining pool will want to have control over the blockchain, that would probably destroy bitcoin and obviously miners don't want that.. but I'm still concerned  Undecided

what happen with p2pool?