Post
Topic
Board Speculation
Re: rpietila Wall Observer - the Quality TA Thread ;)
by
AnonyMint
on 02/04/2014, 18:31:32 UTC
Any way, just take 2 or 3 of the pools and you have over 50%. So my point remains.

Pedantic resistance of the facts is just wasting everyone's time.
This is not even relevant, unless you are worried about a 51% attack that lasts for one hour.  That's how long it would take for individual miners that make up these pools to bail out, once they realize the mining pool operator has screwed them over.

I've had this argument a zillion times. It is boring already. I don't feel like repeating myself on the details on how the mass switch you expect can't change the outcome. Go on in your delusion about the lack of effects from centralization. When you wake up one day with government regulation of 51% of the pools and owners of ASICs and your coins are blacklisted, don't come whining to me.

I'll offer you two sentences.

If necessary SWAT teams show up at physical locations where the bulk of the ASICs are since for example one miner has 10% of network hash rate all in one location in East Washington. But most non-personal miners wouldn't need to physically persuaded, a regulation is all that is needed to compel them to comply.

A cpu-only coin won't have this problem. The government can't regulate millions of individual miners. Whereas, Bitcoin is fucked.