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re: Predict the 12/31/2014 bitcoin price (plus 2013 year in review)
Posted on 1/9/14 at 12:25 pm to Lsut81
Posted on 1/9/14 at 12:25 pm to Lsut81
quote:
I'm def dumb with this stuff, but how is that even possible... If you transfer a coin into someones wallet, how can you hack into that wallet and take it back, just because you own the "Mining Power"
I'm just quoting wiki and he knows more about bitcoin than all the rest of humanity combined. 
1
Posted on 1/9/14 at 2:06 pm to LSURussian
Wait won't this become more likely in the future as mining profitability goes down? Fewer people will want to mine in the future as the number of new coins will decrease and the power to mine will increase. Thus it will become more concentrated.
Wiki, I hope you come back to answer this. Maybe I'm off.
Wiki, I hope you come back to answer this. Maybe I'm off.
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