montaguy

5 ms·

1. 1.▲
   by montaguy 9y ago

   This
2. 2.▲
   by montaguy 9y ago

   This doesn't sound like a real problem.
3. 3.▲
   by montaguy 9y ago

   Nobody is saying that they don't have the capability. The fact that they're stealing bitcoin I think indicates that it's not as profitable for them to start a mining operation. A lot of things need to line up to make the unit
4. 4.▲
   by montaguy 9y ago

   So say your country produced 5% more goods, and the bitcoin supply increased 1% or even decreased. Production is higher than monetary supply increase. Seems to me that sure, the cost of investment would rise in this deflationary scenario, b
5. 5.▲
   by montaguy 9y ago

   I think you're being too conservative. I plan to leave if hashrate distribution starts to look too consolidated. If one entity gets close to 51%, the security of the chain is compromised and we move on. Right now Bitcoin is cool for a
6. 6.▲
   by montaguy 9y ago

   To be clear, at this time no single pool has >50%, and your concern is that a minimum of 6 pools would need to collude to achieve >50% of hashrate. No? Source: https://blockchain.info/pools