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atgm | 12 years ago

> But if it would restore public confidence in the protocol and economy

It actually scares me. If any private body or group could somehow amass 51% of the miners in some way, they would then control the currency.

discuss

VMG|12 years ago

No, you basically only control the order of transactions: https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_...

patio11|12 years ago

You can also rollback history and block transactions which you disapprove of from happening with 100% probability. Other than that, no major problems.

atgm|12 years ago

Thank you for the clarification!

waterlesscloud|12 years ago

Well, that always has been and always will be true.

atgm|12 years ago

I think there's a difference between something being factually true (you will die) and something being imminently factual (you have cancer).

Those are really negatively-biased examples, sorry.

snitko|12 years ago

It's not one private body. I think in this case one might say all MtGox customers would be asking miners to do that.