Post
Topic
Board Bitcoin Discussion
Re: Happy 2nd Anniversary, SEGWIT!
by
Wind_FURY
on 16/08/2019, 08:50:53 UTC
More miners => more secure => more confidence => more users => higher price => more miners => ...

This is the reality.
BTC Miners => 4 Mining Pool operators = security is dependent on 4 guys with over 51% attack vector.  Cheesy

No matter the energy waste the btc miners give 4 guys a 51% attack potential every day.
LTC also has a mere 4 guys with a 51% attack potential,
which is why coins that have more than 4 guys are more secure than your PoW pooling coins.


Misinformation. There's more than 4 mining pools, although I admit that mining has been cartelized into a few players, especially Bitmain, who threw away Jihan Wu in the trash can.

But, the game-theory behind Bitcoin is holding everything together, miners will not dare attack the network. Something that cannot be said of your dead Zeitcoin. Hahaha!

Quote

FYI:
Wind_Fury is so clueless, he thinks running a non-mining node can earn him money.  Cheesy


Try harder, troll. Cool