Short thoughts on Ghash 51%, p2pool, mining, bitcoin as ongoing reiterative process
well, it was bound to happen sooner or later. the last time it was at this, it was “averted” due to political suasion. but that would go beside the point of bitcoin, where instead of without your permissions, is perhaps more of without your suasions. p2pool could be one solution (but the post btc protocol holy grail has been p2p exchanges) bitcoin is still quite the early stage of technology and would likely go through many iterations and patches and revitalizations. the fork patch was also one that went into political suasions. the three arms of bitcoin, code development, mining arms race and exchange mechanisms, have been rather disconnected from each other. someone from one has almost no need to know, and probably no practical need to know the other arms of knowledge. is that a problem? not necessarily. but perhaps the asics show how things might skip a beat here and there.