Quote from: DannyHamilton on June 18, 2014, 02:00:27 PM

Quote from: phillipsjk on June 18, 2014, 12:24:26 AM

Quote from: DannyHamilton on June 17, 2014, 09:17:11 PM

Quote from: S4VV4S on June 17, 2014, 09:13:11 PM

Hash rate is part of the 51% attack problem.

Which isn't a problem, so doesn't need to be fixed.

I think you may be underestimating the dangers of mining concentration.
My latest book-mark: How A Mining Monopoly Can Attack Bitcoin
- snip -

You clearly haven't been paying attention in this thread, or you'd realize that my response was in reference to S4VV4S claiming that it isn't a problem for pools to have 51%, and then demanding that someone try and fix this problem.

If he doesn't believe that there is a problem, then there is no need for him to continue demanding that the protocol be "fixed" (why fix something that isn't broken?). If he feels that the protocol must be "fixed", then he should start admitting that there is a problem. Until he gets over his cognitive dissonance, and chooses one side of the debate or the other, any conversation on this topic with him is useless and unproductive. Every time you tell him that he has the power to vote with his hashpower, he states that he doesn't believe there is a problem that would require him to do so. Then in the same post he talks about how the problem needs to be "fixed".

Here we go again....

Danny I have much respect for you man, and I do believe you have a lot of knowledge but I don't think you got my point.

I (as in me personally) am not worried about a 51% attack right now.
I am worried about what this is doing to BTC (mostly caused by media FUD).

The FUD that has been going around is damaging BTC rep and it's slowing down adoption as people tend to see the bad side of things instead of the benefits.

I personally am involved in projects that are aimed to promote BTC.

And yes I "demand" (as you put it) for this "problem" to be fixed as to get BTC to acquire greater adoption.

Seriously man, do you not read the news?
NOT everybody has the knowledge to understand that when a pool has 51% it doesn't necessarily mean destruction.

We need to get rid of this issue if we want mass adoption.
And you cannot expect the average Joe to have the knowledge you have on the subject.
If you want BTC to succeed then I advise you (just like you advised me) to put your knowledge and skills on how to get rid of this problem rather than - well basically - go bypassed it.

I don't understand why that is so difficult for you to comprehend.

Gavin himself stated that he has a "solution" but it's currently not needed (or something along those lines).
When will it be needed, when we actually have a 51% attack?