Post
Topic
Board Speculation
Re: GHash.IO hashrate
by
MatTheCat
on 14/06/2014, 18:48:42 UTC
Ok .. am I the only one who fails completely to see how this is such a big deal?

Please someone educate me.

Not an expert myself but if any one entity has more than 50.000001% control of the Bitcoin network then it would be possible to compromise the entire system by making double spends that are 'verified' by the Bitcoin network. I suppose in essence, they would have a Bitcoin printing press.