Quote from: Stevbenson on June 15, 2014, 12:33:08 PM

Quote from: S4VV4S on June 15, 2014, 12:24:21 PM

Quote from: devphp on June 15, 2014, 12:05:19 PM

Ghash is back to 33%, you can go back to sleep now, nothing to see here.

They are hiding their real power.

I think the 51% we witnessed was a demonstration of power. I do not know for what reason.

They could have blocked miners as to keep their hash rates down as they did before, but they didn't.

I would say that GHash has MUCH more than 51%.

That being said, I do have some of my miners pointed at them.

EDIT: On the subject, NO, I don't believe that BTC is decentralized anymore.
In fact, the fact that we depend on the core dev team for anything means it is centralized, and from what I understand the core dev team is under the TBF orders.
Apart from that BTC mining is completely centralized.

WTF man! You think they have over 51% and you still point miners at them... Where is your logic?!?

Its a classic common resource problem: http://en.wikipedia.org/wiki/Tragedy_of_the_commons

"... individuals, acting independently and rationally according to each one's self-interest, behave contrary to the whole group's long-term best interests by depleting some common resource."

Historically, only 2 viable solutions exist:
1) An authority to regulate (% in this case)
2) Privatization

http://en.wikipedia.org/wiki/Tragedy_of_the_commons#Modern_solutions

Pick your poison..... but be quick about it.

Azlan

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