GHash does NOT worry me.
They would be stupid to risk a MULTI-million dollar businnes to a 51% attack or double spends when the price of BTC is so LOW (and I am saying this because the price of BTC is peanuts compared to what it will be by the end of the summer).
And they know that.
The mere concentration of hash-power harms the network.They are going ahead and amassing >50% of the hash-power because they over-estimated the network hash-rate growth when ordering their miners. The reason is that
they at least want to make back their investment before the hash-rate climbs any more. This is short-sighted and will destroy their business. Much like the mortgage-default swaps that caused the 2008 banking collapse.
I couldn't agree with you more.
I had an idea but Danny pointed out that it wont work because there are flaws.
And I accept that.
But something needs to be done.
I, just like you wantg to see BTC go mainstream.
This is holding it back.
Why is people attacking me for asking for this?