Bitcoin Forum

http://www.bbc.co.uk/news/technology-24818975

http://www.businessinsider.com.au/researchers-say-bitcoin-is-broken-and-could-collapse-2013-11

http://hackingdistributed.com/2013/11/04/bitcoin-is-broken/

Earlier post with same/similar topic here:

https://bitcointalk.org/index.php?topic=325225.0

Yes, it is.
Sell me your coins at half the price, right now.

Thanks.

https://twitter.com/gavinandresen/status/397706050591129601

Of course!


Thanks

OK, thank you

You're going to see more and more of these nonsense articles as Visa and Mastercard and the Banks start to worry for their profits.
Scaring people away from Bitcoin will be the most effective and common way to stifle its growth.
One mention of "hackers" and most people would never put their money into such a risky environment.

It's a fine strategy in the short term, except that it loses effectiveness over time. People who've been aware of Bitcoin for a while have heard many news stories about its imminent death, yet it still exists and gets stronger over time.

Eventually "The Boy Who Cried Wolf" Syndrome kicks in.

I always enjoy reading the brain farts of people stuck in old paradigm's

But yes if you want to believe BTC is going to die than id be happy to buy all your coins for 50USD each

I'll buy all your coins for half the price also!

https://i.imgur.com/frNUmMN.png


Send PM to sell yours to me.  I'm offering $99/btc!

$99.02/btc here

and the order book begins again

The article and so called research is total crap. It is a modified version of so called 51% attack. And Bitcoin does not assume that all nodes are honest, quite the opposite! For this attack to work you need a large pool and brain damage to not publish mined blocks. And all it can do is create blockchain fork that is shorter than the main chain (because >50% of hashing power is working on properly broadcast chain). The forked chain will be orphaned when published.

I think you're right, but it's ok. I think it's ok if BTC is slow to be accepted, although so far I think it's moving pretty fast.

I laughed way too hard at that..

"Hey! The Bitcoin protocol allows for a 51% attack!"

Wow. Thanks, Business Insider.  ::)

Then again, maybe I should be a little lenient. It's not as if everyone knows about it, and it may sound alarming to some hearing it for the first time.

Still though, to suddenly act as if you've found some secret, previously-unknown "flaw" and to speculate on it leading to bitcoin's collapse... I guess such a thing makes one a journalist nowadays.

Perhaps you should understand the attack before lambasting someone else's misunderstanding of it.

ROFL!

is it already going back up?

Nope just fear mongering, don't worry.