Why do people get so excited when a pool has 50% of the hash?
You know that means nothing right?
Now if I had 50% of a coin ever produced or 51% then I have a better chance to double spend or disrupt the network for a very short time(51% attack).
But even then it is not automatic coin death and it is still really hard to do. It's not a I win button and I run away with everyone's coins; plus there are actions that can be taken to ban addresses to mitigate it and shut down an attack through a policy off waiting for multiple transactions before verification.
Plus people are going to have to not be watching to not figure out what I am up to before I do it. It's hard to keep a big operation like that secret.
It's hard to set up the kind of big operation needed to pull it off and even then there are no guarantees that it will happen and and if it is successful there is very little reward if any. Your better off just building a reputable business as far as profits go or using the hash power to simply mine for profit.
It's best u guys figure this out before u start witch hunting small pools to death just because they have 50% or more hash of a coin. It's silly lol. Sky is falling! Grab your torches!
Be a bit more educated before you over react like that. Your going to miss out if you don't.
Educate:
https://www.youtube.com/watch?v=yWTQgmCuiCwhttps://www.youtube.com/watch?v=tNgjdYkaDvA@ 49:00
https://www.youtube.com/watch?v=bTPQKyAq-DM I agree completely! However it is good to spread the hash around. 50% isn't a magical number, like you said.. even then it's hard to fork.. you have to try to do it.
I always try to work with the developers though. This developer wants me to close approaching 50% and bring it back down to around 40%. I will comply and I agree that it's better for the coin to have hash spread around.