News for hackers. Stuff that matters.

A comment on Stick a Fork in Ethereum. Parent comment

Re:Stick a Fork in Ethereum by the_duke on Wednesday July 20, 2016 @07:54AM (#12128292)
In addition to the other comments, why would you start investing computing power (and therefore money) in a 'currency' that is centrally controleld. Just to 'take away said control'? There's no motivation for that.
[ Parent | on HN ]
Re:Stick a Fork in Ethereum by meanduck on Wednesday July 20, 2016 @08:35AM (#12128482)
To make it more decenteralised. Cryptocurrency without enough participents actively voting with their computational power is not a cryptocurrency and will have none of the improvements over fiat currency.

Bitcoin might have 51% dishonest problem but it can be made honest again by increasing total computation. Whether 51% are honest or not is function of total computation power [TCP]. Probablity of 51% being honest goes to 1 as TCP goes to infinity.

[ Parent | on HN ]
Re:Stick a Fork in Ethereum by the_duke on Wednesday July 20, 2016 @09:32AM (#12128850)
Yes, I understood your reasoning.

My point was, only very few people are about something like this.

[ Parent | on HN ]