Distributed trust is the key to bitcoin. Pooling consolidates in opposition to this fundamental principle. It will be interesting to see how the bitcoin community reacts to GHash, who has been unapologetic about its size.
| less than a minute read
Bitcoin faces biggest threat yet: A miner takeover
Although GHash says it's committed to preserving Bitcoin as a trustable technology, the mere fact that one player can amass majority control could undermine trust in the currency, which is worth only what people are willing to pay for it.
Latest Insights
