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ciphergoth comments on Open thread, 9-15 June 2014 - Less Wrong Discussion

3 Post author: Tenoke 09 June 2014 01:07PM

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Comment author: ciphergoth 14 June 2014 08:30:16AM 4 points [-]

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?

Comment author: David_Gerard 14 June 2014 08:35:19AM *  1 point [-]

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?

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