GHash.io reaching 51% is somewhat surprising. It seems that one of three unlikely-sounding situations hold:
The controllers of GHash.io don’t think this will have a strongly negative effect on the value of Bitcoin
The controllers of GHash.io don’t mind if this has a strongly negative effect on the value of Bitcoin
The controllers of GHash.io are somehow unable to think clearly enough or act with enough coordination to protect their own self interest.
Any guesses?
Not that surprising—I recall people were worrying about this when they were at 45%.
Mostly I’m seeing Bitcoin enthusiasts upset that Bitcoin now has a central bank—that it’s no longer decentralised and therefore the point is gone.
How’s this on the issues?
GHash.io reaching 51% is somewhat surprising. It seems that one of three unlikely-sounding situations hold:
The controllers of GHash.io don’t think this will have a strongly negative effect on the value of Bitcoin
The controllers of GHash.io don’t mind if this has a strongly negative effect on the value of Bitcoin
The controllers of GHash.io are somehow unable to think clearly enough or act with enough coordination to protect their own self interest.
Any guesses?
Not that surprising—I recall people were worrying about this when they were at 45%.
Mostly I’m seeing Bitcoin enthusiasts upset that Bitcoin now has a central bank—that it’s no longer decentralised and therefore the point is gone.
How’s this on the issues?