Post
Topic
Board Bitcoin Discussion
Re: Concern? over 50% of miners controlled by two pools
by
Lucky Cris
on 24/12/2013, 20:10:12 UTC
This isn't intentional - As the authority on the network (so to speak), clients will believe the pool's hashed transaction block over any other. That means the pool will win all transaction conflicts, and get the rewards.

Epic confusion.

A 51% attack is then the attacker blockchain voluntarily ignore every other blocks. An honest 51% holder would accept the blocks found by other people.
[/quote]

Well I'm sure as hell confused now if I weren't before. Are you talking about a blockchain fork, pseudo blockchains and such? No... wait, that can be done if the powerhouse pool wanted to do such a thing... but just to make sure I understand.... you're saying that if the pool with the majority of computing power is honest, it will accept other pools' blocks? Forgive my confusion... I just don't understand what this has to do with the price of rice in China.