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.

i don't see where greedy and destroying your own income comes together. I've heard it over and over. ghash aka people who are getting rich on bitcoin, will intentionally destroy bitcoin. because greed. what i never hear is how that conclusion was reached. where does greed involve you killing your income? i would define greed as a drive to keep your income going at all cost.