Yeah, try explaining to Cypriots (after what happened with Neo-Bee) that BTC is safe...
It's already got a bad name here man.
It's already got a bad name here man.
What does Neo-Bee have to do with mining hash rates?
Even if you could keep mining pools from gaining more than 50% of the hash power, it wouldn't prevent things like Neo-Bee.
If that's what has people concerned about the safety of Bitcoin, then you need to focus your attention on increasing transparency in business, not in regulating mining pools.
And I am working on a couple of projects to promote BTC but I need to feel a bit more confident that I can get people to trust it.
If you know what I am saying.
It's not easy after what happened with Neo-Bee.
People look at me as if I am trying to scam them.
If you know what I am saying.
It's not easy after what happened with Neo-Bee.
People look at me as if I am trying to scam them.
Magically keeping mining pools from gaining more than 50% of the hash power isn't going to make people who are concerned about Neo-Bee trust it. You're focusing your attention in the wrong direction.
And yes I explain everything, but unfortunately even though technology is not far behind here, the majority of people are...
If you know what I mean....
If you know what I mean....
If people aren't willing to take the time to understand why it's safe, then regulating miners isn't going to fix it for you.
I was referring to the educating people part.....
Hash rate is part of the 51% attack problem.