"Consolidation of bitcoin mining is simply part of the economics of [Bitcoin]" @Blockstream's gmaxwell <- With sidechains yes it does. ಠ_ಠ
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@jgarzik@Blockstream ...and smart people responded by figuring out how to fix that problem, not encouraging arch's that make fixes harder.
@petertoddbtc @jgarzik @Blockstream Not ideological issue. 51% (sometimes 33%) means Bitcoin violates its security assumptions: is insecure.
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@NickSzabo4@jgarzik@Blockstream Correction: 51/33% means security assumptions *certainly* violated; less is still dubious. -
@petertoddbtc@jgarzik@Blockstream Correct, because greater X% makes easier to mount effort to get remaining 51%-X% (or 33% - X%). - 1 more reply
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@petertoddbtc@jgarzik@Blockstream We've already seen 51% attacks destroy cryptocurrencies. Quite real as well as theoretical issue. -
@NickSzabo4@jgarzik@Blockstream Remember that a 51% attack can happen by hacking poola, not active malice.
End of conversation
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