Quote from: S4VV4S on June 18, 2014, 02:29:53 PM

Quote from: Este Nuno on June 18, 2014, 02:27:14 PM

Quote from: S4VV4S on June 18, 2014, 01:02:47 PM

Quote from: Este Nuno on June 18, 2014, 12:58:59 PM

How is bitcoin a trustless currency when you need to trust mining pools not to attack the system?

Look at this article: http://hackingdistributed.com/2014/06/16/how-a-mining-monopoly-can-attack-bitcoin/

Bitcoin could be a trustless currency if there were measured implemented to prevent centralisation of mining power.

We know the current situation is not how Satoshi intended it to be. I think if he didn't go away he would have come up with a solution a long time ago.

Any suggestions how to go about it?

I had some but I was told that they wouldn't work for such and such reason.

We need a working solution that doesn't require making major changes to the way the protocol works.
And from what I gather, that is not possible.

Yeah, honestly I have no idea. But I would hope to see at least some community effort towards solving the problem. Even just continuing to acknowledge that it's a huge issue is something. I don't want people to think everything is ok just because Ghash is only reporting their total hashing at 40%.

Yeah, well I tried to throw a few idea (I admit maybe they were premature) and I got hammered.
So, I don't think a solution is going to pop up, and if someone had a solution to this then they would create their own coin which is more secure.
That is the impression I have after the last 2 days of trying to help the situation.

I think Peter Todd had an idea but apparently it's been shut down hard by the devs.

I hope people were polite at least when you offered your ideas. The community should welcome new ideas and debate while being able to maintain civility.