|
Title: 2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies Post by: jgarzik on May 07, 2013, 05:46:01 PM Wary of Bitcoin? A guide to some other cryptocurrencies
http://www.wired.co.uk/news/archive/2013-05/7/alternative-cryptocurrencies-guide/viewall Title: Re: 2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies Post by: superduh on May 07, 2013, 06:40:47 PM The last sentence says invest in the stock market
Title: Re: 2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies Post by: kjlimo on May 07, 2013, 07:10:29 PM A good article indeed. Bummer they said BBQ coin is dead... I see people trying to buy and sell them a lot on these forums...
No mention of I0coin??? Double bummer, but understandable. Title: Re: 2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies Post by: misterbigg on May 07, 2013, 07:34:22 PM Title: Re: 2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies Post by: Stephen Gornick on May 07, 2013, 08:20:12 PM Wary of Bitcoin? A guide to some other cryptocurrencies http://www.wired.co.uk/news/archive/2013-05/7/alternative-cryptocurrencies-guide/viewall Sigh ... Quote In a 51 percent attack, someone takes over enough nodes to effectively dictate that their own version of the blockchain is accepted over the legitimate one. If that happens, it becomes possible to counterfeit bitcoins, The risk of loss during a 51% attack is where coins are sent and then the attacker broadcasts blocks in which these funds are spent again. So the risk is double spending of the same funds. That is not counterfeiting where coins that are not legitimate are in circulation. There's a big difference (though if you were the party that saw losses due to the double spend you might not care that there is a distinction). Title: Re: 2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies Post by: Akka on May 07, 2013, 08:28:29 PM I know it may not be such a big deal, but it really annoys me that I read every time that Litecoin (and others) have faster transaction times.
That is simply not true. The Conformation Time is shorter, not the transactions them self. This is an important Difference. And now even the Media start to spread this misunderstanding. :-\ Title: Re: 2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies Post by: mccorvic on May 07, 2013, 08:29:28 PM I know it may not be such a big deal, but it really annoys me that I read every time that Litecoin (and others) have faster transaction times. That is simply not true. The Conformation Time is shorter, not the transactions them self. This is an important Difference. And now even the Media start to spread this misunderstanding. :-\ All a part of the LTCer's plan to bring down cryptocurrencies. |
