Bitcoin Forum

Other => Beginners & Help => Topic started by: Kiaya on July 23, 2011, 09:46:27 PM



Title: A comprehensive critique of the weaknesses of Bitcoin...
Post by: Kiaya on July 23, 2011, 09:46:27 PM
Any thoughts on this -

http://blog.p2pfoundation.net/a-comprehensive-critique-of-the-weaknesses-of-bitcoin/2011/07/23 (http://blog.p2pfoundation.net/a-comprehensive-critique-of-the-weaknesses-of-bitcoin/2011/07/23)

... the only one that really concerns me is 1) - is it true to say that the hashing power of the network is getting so large that this issue gets less likely as time passes? -

http://www.quora.com/How-can-Bitcoin-be-hacked (http://www.quora.com/How-can-Bitcoin-be-hacked)

... the author represents kakigarden - they're positioning themselves as a competitor to Bitcoin - but there seems to be very few details published about what, exactly, they're proposing -

http://www.kakigarden.com/ (http://www.kakigarden.com/)




Title: Re: A comprehensive critique of the weaknesses of Bitcoin...
Post by: Jaime Frontero on July 23, 2011, 10:27:56 PM
kakigarden:

Quote
No longer backed by material scarcity like gold, nor by artificial scarcity like Bitcoin.

sounds like an implementation without the 21M coin limit.

i wonder how the amount of currency is controlled?  centrally?   ::)

not much appeal, with this limited amount of info...


Title: Re: A comprehensive critique of the weaknesses of Bitcoin...
Post by: btcx on July 24, 2011, 03:15:16 AM

... the author represents kakigarden - they're positioning themselves as a competitor to Bitcoin - but there seems to be very few details published about what, exactly, they're proposing -



The fact that they're raising funding makes me suspicious already.  A currency immune to Bitcoin's weaknesses will not be competition for Bitcoin.


Title: Re: A comprehensive critique of the weaknesses of Bitcoin...
Post by: Anonymous on July 24, 2011, 03:41:12 AM
Unless they have the source code available then its not a bitcoin competitor.


Title: Re: A comprehensive critique of the weaknesses of Bitcoin...
Post by: bigb159 on July 24, 2011, 12:27:12 PM
Just a pretty webpage for now.