re: Bitcoin faces biggest threat yet: a miner takeover

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Two Researchers Think ‘Armageddon’ Is Nigh for Bitcoin

Bitcoin’s integrity is being threatened in a massive way — but not by a government attack, in this case, but rather by the very people who make bitcoin happen.

While the pair acknowledges the possibility of a “51 percenter” remaining honest, they stress the point that having to depend on honesty undermines a key component of what made bitcoin attractive in the first place — and they note that GHash has been implicated in shady “double-spend” activities before.

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