This is on Avalons site.. "For example, Avalon will not be responsible if a Bitcoin bug is introduced rendering it useless between the period of time which a batch of Avlaon units are build."

What does that mean?

I verified 2 bank accounts over coinbase. I purchased 10 coins and it took a few days but the transaction was completed. The money however was not taken out of my bank account. The transaction has now been completed for 3 days and still no money taken from my bank account. I e-mailed coinbase and they don't seem to know what the problem is. I have a bunch of other buys lined up because 10 coins is the max at a time, but am concerned over what is going on.

Anybody else having any issues?

I'm a professional online poker player. Life is tough for us as the US government keeps blocking online gaming transactions and bitcoins are popping up big on the poker forums as a way around this. I was thinking of investing in some bitcoins. I decided to do some research. 99% of everything I read blows way over my head. The one thing that got me was that if someone/organization could mine 51% of bitcoins, they could collapse the system.

It blows my mind that this system could be so creative and complex to me, but yet you could mine 51% and destroy it all.


Really the whole idea of this seems to undermine the government and banks which is great. But how the hell do you make it so easy for them to destroy the system considering they have endless amounts of money? How much money would it take to get a setup that mines 51%?


I love this digital currency thing, but I have a feeling this one will be destroyed a new one will take over. This is just waaaaaaaaaay too big of a loophole.