I have explained earlier that it's an overrated claim that a big (or better, HUGE) pool has anything to win out of double spending. Chances are due to FUD spreading they will be forced to do the same somebody else did a while ago when they reached at the same point...
Relax and don't forget to...
HODL!!!!!!!!1
*Edit:
It's explained here too: http://organofcorti.blogspot.com.au/2013/12/december-8th-2013-weekly-pool-and.html
Relax and don't forget to...
HODL!!!!!!!!1
*Edit:
It's explained here too: http://organofcorti.blogspot.com.au/2013/12/december-8th-2013-weekly-pool-and.html
From gmaxwell, bitcoin developer:
"The excuse giving for years of why consolidations of ten percent, twenty percent, or even more, in the hands of pool operators didn't effectively disprove the Bitcoin security model was that pool operators were more obligated than a typical miner to behave with the public interest at heart because the hashrate controlling miners could vote with their feet.
I've never been too fond of the argument: evidence (e.g. miners voting with their feet very slowly even when a pool is clearly robbing them) suggests otherwise... But that argument doesn't even exist for GHash.io/CEX.io: the miners are captive and cannot leave. Worse, there is a moral hazard because an unknown portion of the hardware is paid for by other people (at top dollar rates too) and so if some stunt they perform debases its value... so what? Heck, perhaps it drops the market value down to nothing an cex can buy their obligations back for a song. This means that CEX.io can probably profit from an attack even if that attack ultimately fails."




