Post
Topic
Board Bitcoin Discussion
Re: GHash.IO hash power high (old betdice thread)
by
NewLiberty
on 13/06/2014, 13:15:09 UTC
its the same 50,01% that 99%

why the fukers ghash are playing with this?split the fu}[;'ng coounts NOW

There's no point in getting mad at GHash. They're doing what they think is in their economic interests. Sooner or later someone is going to do that, whether it's GHash or not.

If bitcoin can't survive this, and we also can't fix it, it's fundamentally broken. If it's fundamentally broken, it's better that we find that out sooner rather than later.

I reserve the right to get mad at GHash.io.
It is irresponsible.  It is also unwise.  Those combinations can be maddening.

Imagine that there might be some folks that want Bitcoin to fail.
Imagine that they care more than a little about that goal.
Imagine that those folks might do things, perhaps involving violence.  Maybe things like starting wars and such.
Might something simple like coercion be used to do things with bitcoin mining that we would prefer not happen?


So if any of that imagined stuff is true, then ghash.io is unwise in that they are setting themselves up for such coercion.  In the movies the bad guy would put a knife to the throat of a loved one, but it could take just about any form.

They would be wise to scale back and DECENTRALIZE.