4 ms·
Not too hard to get consensus if you're an authoritarian regime in china. All of the largest miners are in china. https://www.statista.com/statistics/731416/mar
by bostonsre 6y ago
Not too hard to get consensus if you're an authoritarian regime in china. All of the largest miners are in china.
https://www.statista.com/statistics/731416/market-share-of-mining-pools/ https://www.statista.com/statistics/731416/market-share-of-m...
- gruez 6y agoSegwit2x had the miners support, yet it still failed.
- bostonsre 6y agoIt sounded like they required support from the developer community but they didn't have it. Not sure if that support would be needed for a 51% attack, would it?
- gruez 6y agoDepends on the attack you're pulling off. A 51% attack won't allow you to change the coin generation rate (what peteretep was talking about).
- peteretep 6y agoUncle Sam wakes up tomorrow and says: "Compliance measures on crypto-currency are expensive. We'll be charging a 3% compliance tax on all crypto-currency holdings, and we'll do this via any US-registered crypto-brokers charging a withholding tax unless you can prove it's double-taxation; also any failure to pay this is tax evasion and will be prosecuted as such" you'll see some hard forks. Also this is a _great_ idea as it increases tax revenue, increases investment in US bonds and stocks, _and_ it suddenly swells the value of US Govt gold reserves.