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RE: Gridcoin V8 - Analysis and Looking Back on a Hotly Debated Hardfork
They would never have 51%. Currently the large investors who pop online every month do, however, have that power. Look at the block explorer when PhilD comes online - 10, sometimes 15 blocks in a row.
Even so. I still don't think it's a good idea to introduce mechanisms that can be changed by malicious users into the security mechanism. What happens if there is a fault in the PHP code of the website and all project servers are hacked into at the same time?
Very good point - that would give the hacker full control of payout and significant control of what wallets mint blocks.