Why does anyone think BitCoin is going to work when its users aren't mostly BitCoin enthusiasts?
I'm specifically referring to incentives of 51% attacks. The returns on mining seem to increase as computing power eclipses 50%, creating an economy of scale in mining and incentivicing attacks.
This thread is for asking any questions that might seem obvious, tangential, silly or what-have-you. Don't be shy, everyone has holes in their knowledge, though the fewer and the smaller we can make them, the better.
Please be respectful of other people's admitting ignorance and don't mock them for it, as they're doing a noble thing.
To any future monthly posters of SQ threads, please remember to add the "stupid_questions" tag.