Good morning guys,
Ghash.io has reached an uncomfortably high hashrate in the past twenty-four hours,
The pools hashrate reached as high as 47 percent extremely close to the 51 percent envelope that would open the door to attacks that could be carried out by the majority.
I think that's why btc price is stagnate,
Maybe it will be the time to RECYCLE EVEN BTC !!
Lol that would be madness but let's be real here, people are nearly on panic mode about this but there is no way Ghash.io doesn't have some kind of code to prevent their network from crossing this psychological line. By having this 51% it would create a real panic which will most likely not benefit anyone who's into bitcoin ssince the price might just crash.
I am looking forward to see how that recycler feature is going to work and if it will be used by the crypto-world community.