Quote from: Wookie50 on June 23, 2014, 07:42:13 AM

Quote from: DrG on June 23, 2014, 02:44:30 AM

Quote from: prospectus on June 22, 2014, 04:17:21 PM

Quote from: boliu on June 18, 2014, 04:57:40 PM

if all people leave ghash, where will the go?

better off to have a 51% ghash, then a 51% unknown.

who are ghash anyway? ...... I mean, really?

They said they would never gain 51% of the hashrate ..... they did!
They said that they would allow users to use other pools ... but didn't!
They said that they would limit new membership ..... they haven't!
Now they say they will never launch a 51% attack on the bitcoin network ..... bearing in mind that ghash has been accused of double spending before, their assurances do not inspire much confidence in my opinion!

What do you guys think?

I think many of the newer users commenting here haven't taken the time to research what has been going on since 2009. People say Ghash.IO would be shooting themselves if they did such an attack - the very same people not knowing that they have double spent before and there is proof of this behavior (not just conjecture).

They do not participate in the network development (as evidenced by their minimalistic communication) and they have no intentions of proactively slowly their growth despite what they say. Take an example from BTCGuild who got to 40% last year - the pool op eleuthria raised pool fees and moved off getwork.

Ghash.io has not done a single thing to retard their growth. Go on living with naivete - I think I know where the retard is...

The problem is not with GHASH. It is not relevant whether they are or aren't "evil". The problem is with bitcoin itself if neither protocol nor the community are able to address one "evil" actor.

If people are to invest their life savings into bitcoin, they need to be guaranteed there is no inherent problems with the protocol. There clearly is. The whole point of bitcoin is that we don't trust the government to do the right thing. Yet we put trust in some random pool with no built-in mechanisms to automatically prevent it from being able to do something evil?

Just because end-users are evil through their ignorance is no reason for a pool-owner to shirk it's responsibility. Ghash.IO owes nothing to anybody, just like you owe nothing to a man who may have been hit by and car and is laying in the street. They could do a much better job like another pool has already demonstrated in the past - but they refuse to. If that doesn't smack of arrogance or contempt....