Quote from: Azlan on June 15, 2014, 03:10:41 PM

Quote from: Stevbenson on June 15, 2014, 12:33:08 PM

Quote from: S4VV4S on June 15, 2014, 12:24:21 PM

Quote from: devphp on June 15, 2014, 12:05:19 PM

Ghash is back to 33%, you can go back to sleep now, nothing to see here.

They are hiding their real power.

I think the 51% we witnessed was a demonstration of power. I do not know for what reason.

They could have blocked miners as to keep their hash rates down as they did before, but they didn't.

I would say that GHash has MUCH more than 51%.

That being said, I do have some of my miners pointed at them.

EDIT: On the subject, NO, I don't believe that BTC is decentralized anymore.
In fact, the fact that we depend on the core dev team for anything means it is centralized, and from what I understand the core dev team is under the TBF orders.
Apart from that BTC mining is completely centralized.

WTF man! You think they have over 51% and you still point miners at them... Where is your logic?!?

Its a classic common resource problem: http://en.wikipedia.org/wiki/Tragedy_of_the_commons

"... individuals, acting independently and rationally according to each one's self-interest, behave contrary to the whole group's long-term best interests by depleting some common resource."

Historically, only 2 viable solutions exist:
1) An authority to regulate (% in this case)
2) Privatization

http://en.wikipedia.org/wiki/Tragedy_of_the_commons#Modern_solutions

Pick your poison..... but be quick about it.

When the whole group is controlled by a central authority it's no longer decentralized.
So, option 1 has been around for a while.
(Do you not read the news?)

Funny how one is considered selfish for wanting to ROI after seeing that our decentralized coin is more centralized than advertised.

None the less, thanks for the link, it was an interesting read.
Perhaps you should email that link to the core dev team and TBF and see what response you will get....

That being said, I hope that the core dev team does something and fast otherwise BTC is gone.
And I like the idea of it, just not the current implementation and hows things changed.

Satoshi must be very "proud" of us all.