4 Mar
2016
4 Mar
'16
5:49 p.m.
On Thu, Mar 03, 2016 at 11:45:47AM -0500, grarpamp wrote:
http://qntra.net/2016/03/a-miner-problem/
That the notion of "a majority of Bitcoin nodes" is void of content, That a cartel of Bitcoin miners is deliberately and systematically withholding blocks for an interval of about 20 minutes to a half hour, so as to ensure themselves a (significant) advantage over any would-be competitors. That neither above item makes sense or could long survive without the other
IIRC sufficiently many dishonest nodes (51%?) might screw bitcoin much worse, it had something to do with consesus/transactions. Is the above true? Isn't this "cartel" the "free market" in juan's anarchist utopia?