Friday, June 13, 2014

Rob Wile — Today, Bitcoin's Doomsday Scenario Arrived

There is only way to hack the entire Bitcoin network, which has continued to hum along in the face of numerous Bitcoin business failures. 
It involves a series of group of Bitcoin miners taking control of 51% of the Bitcoin's processing power, thus giving them the power to confirm transactions that don't exist....

Today, mining pool GHash's share of the Bitcoin network ticked 51%:
Business Insider
Today, Bitcoin's Doomsday Scenario Arrived
Rob Wile

1 comment:

Scott said...

No, actually.

https://blockchain.info/pools