Quote from: LiteCoinGuy on July 02, 2014, 08:49:25 AM

Quote from: cenixentor on July 02, 2014, 12:04:01 AM

I think it would be very easy to kill bitcoin and lose all our money as the currency... Cry

http://i.imgur.com/LwVr4Tg.png

http://www.theguardian.com/technology/2014/jun/16/bitcoin-currency-destroyed-51-attack-ghash-io

welcome noob

Yet Theymos decided to remove restrictions. Cheesy

Quote from: Grinder on July 02, 2014, 08:51:10 AM

Quote from: vpitcher07 on July 02, 2014, 12:47:50 AM

Doing a 51% attack is like shooting yourself in the face. You get absolutely nothing out of it. If you control enough hashing power to perform that, why destroy the very thing that's making you money?

By denying every other miner any profits you can almost double the bitcoin income. This will make other miners give up, and then you can gradually turn off some of the miners and save cost. The risk for this is already very high but it doesn't seem to influenced the price. It's hard to tell if this is because the majority is in denial about it or just doesn't care. If it's the latter it means it would be very profitable.

In other words, you would collapse the market and earn $00. Wink