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The difference is that if GHash.io launches an attack, miners have the choice to move to another pool. If the US government inflates the currency (yet again) there is nothing to do.


If GHash.io launches a "no one else can mine" attack, then there won't be any other pools to move to.

https://en.bitcoin.it/wiki/Weaknesses#Attacker_has_a_lot_of_... * Prevent some or all other miners from mining any valid blocks


Unless we hard fork...




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