Really baffles me that so few people seem to care about this. It basically destroys the whole value proposition of a cryptocurrency.
How does it ?
I don't care about 52%, ergo --> I baffle you. But I can assure you, I'm not the "baffling" type
This 52% stuff has got out of hand. It's as if the **moment** anyone gets 51% mining power it's assumed that a coin's in immediate danger. But for that to happen, the 51% 'ers would have to actually DO something malicious with their share other than just sitting and making money on it.
It's a bit like suggesting that because Bill Gates owns 51% of Microsoft he's going to destroy Microsoft.
Anyway. The 51% is'nt even as bad as that because it's made up of uncommitted individual miners who are completely at liberty to leave the pool anytime they want when they see the price going down due to their behaviour.
I don't even care if there's a 70% mining monopoly - as soon as it starts affecting the valuation people will just leave the coin anyway and go and mine somewhere else.
What we must NOT DO, under ANY CIRCUMSTANCES is get Evan to "do something about it". He's the last person that should have anything to do with mitigating mining monopolies other than implementing the proof of work algorithm faithfully.
Leave nature to do its work.
