Quote from: reg on June 15, 2014, 07:40:44 AM

Quote from: rudius on June 15, 2014, 07:07:52 AM

Quote from: Parazyd on June 15, 2014, 07:04:11 AM

Quote from: ShakyhandsBTCer on June 14, 2014, 09:50:41 PM

Quote from: Miz4r on June 14, 2014, 06:49:22 PM

Quote from: bitleif on June 14, 2014, 06:31:20 PM

Ok .. am I the only one who fails completely to see how this is such a big deal?

Please someone educate me.

It isn't, but you can't control mass hysteria (stupidity). It's like the malleability issue, everyone was completely hysteric about it when MtGox reported about it. Transaction malleability is still there but now you hear nobody about it (and it still isn't a big deal), this is just how mass psychology works. In a month from now Ghash will be back to 35-40% and everyone will be happy again, even though there is really no significant difference between a pool owning 51% of the hashrate or 30%.

This is true, ghash would likely never attempt a 51% attack.

The good news is that it does not matter as bitfury is moving several PH/s of capacity out of ghash

Again, it's not the question of would Ghash do it or not...
The point is, it's possible and people can get greedy. Plus, agencies and governments.

Agreed. Not a concern for now, but it s a long term problem that need to be deal with if bitcoin want to stay.

no you are not the only one but there are a few who also think its not a major problem as so far as I know no one has yet lost a coin even on a double spend. however the potential is there to control the block chain by a political or financial organisation and this undermines a core principal of btc that must not be allowed to happen. I believe the majority of bitcoiners are very concerned that there seems no involvement by the core developers to prevent this possibility? so as i posted previously I remain concerned.

It is acknowledged to be a weakness of Bitcoin. It would be very difficult to "force" an entity not to commit a 51% attack nor to control a majority of the hashrate