Where this "attack" fails is the variance in finding blocks. All it takes is one pool or individual to strike it "lucky" and find N+1 blocks faster, broadcasting the results. Then you're back at zero.

This isn't a flaw, it isn't a problem - but of course every muppet news outlet will run with big headline banners about "BITCOIN HAS A FLAW, CHECK IT OUT", since they loathe us so much.

Typical idiocy.

The only place in the world where rent goes DOWN year over year, using Bitcoin.

Ripple is just the "honeypot" for those too stupid to understand Bitcoin. I can't believe the gall of these guys. "Bitcoin 2.0" my ass. More like "Scamcoin 2.0".

Anyone who trusts their silly tokens gets what they deserve.

Just because they don't have one of their stores in your hamlet doesn't mean they aren't a world leader:

http://listdose.com/top-10-worlds-biggest-retail-giants/

Money quote:

Retail Revenue: 404 billion US$

Wal-Mart is the undisputed retail leader in North America and tops the global list of retailers, but the company’s international operations in 15 countries outside the United States generate just under 25 percent of annual sales. Their Slogan “Save Money, Live Better” is very customer friendly. The company is the world’s third largest public corporation, according to the Fortune Global 500 list. The company employs nearly 2 million people and is the biggest private employer worldwide. Wal-Mart has 8,900 stores spanning 15 countries under 55 different names. In India, it operates under the name “Best-Price”.

True, the actual progression will be like so:

Phase One: The earliest of early adopters increase their bitcoin holdings by mining and trading with each other.

Phase Two: The newest wave of adoption comes from technical minded people using specific exchanges and person-to-person trading.

Phase Three: This wave of adoption has reduced any complexity for investment by having more exchanges, in addition to ATMs and other financial vehicles to get into Bitcoin.

Phase Four: The greater public become exposed to Bitcoin, and it starts to erode conventional Finance firms margins. This is also going to be the part where grabbing-at-straws regulation will come down, in addition to various PR smear campaigns that appeal to nationalist tendencies and appeal to authority trying to stem the tide.

Phase Five: The anti-Bitcoin propoganda has largely failed, and as successive generations of people become used to using Bitcoin, the Financial industry firms that have failed to adapt erode and wither away, as well as nation-states that refuse to integrate into the new global economy.

This is the kind of thing I think about when people start rambling about how Bitcoin's inherent deflationary design is a "fatal flaw". Its only fatal to those who's livelyhood entails lending at interest, being the middleman for every major financial transaction. Who needs a loan when your crypto-currency is appreciating like mad?

I sure as hell won't.

Well, they do say that it isn't a prediction in the article. So fine, they're just juggling some probable numbers and guessing.

Personally I think the next mania/bubble/parabolic run-up will take us to the quadruple digits before falling apart again. The big question of course is, WHEN. I've got my prop indicators lined up and ready - but we're not quite there yet. We need that catalyst before it will go to what I call "crazytown".

And naturally fall apart like the rally to 260's. It seems we repeat that part pretty consistently, regardless of actual magnitude.

"Top 10 Reasons Miners Hate Bitcoin"

Yeah, that's pretty much a clickbait article.

They're excited because it means an escape from the crap systems they've been forced to use.

But of course, no one outside of us will actually say it.

This is the same idiocy that permeates Zerohedge.

"If I can't hold it in my hand, well it ain't worth nuttin' goldarnit!" < ringing spittoon noise >

Sure thing old '49 miner, just sit on down and don't get yourself in a dander. Fucking hell, like these idiots are capable of using portable electronics that include cellular radios and GPS, but god forbid they even THINK about trying to use something that involves the internet.

Fucking hopeless idiots.

After declaring Bitcoin 'dead' or 'expired', I haven't read or listened to a single thing Wired has had to say about the subject. They're clearly a long way from home, as their aging magazine hasn't kept up with the developments in technology. Sure, they know when to put an iPhone on the cover, but other than that - they're just a bunch of mouse-twiddling social network 'tards trying to stay relevant.

They lost any 'edge' they had long ago - around 2001 or so.

The problem with that assumption is that I 'missed the bus' with Bitcoin too, right?

Wrong.

I fully realize the implications of what Master-get-rich-coin is about, well enough, thanks. And you will too - when a) someone eats their lunch for them, and b) the implication of a non-anonymous developer becomes an obvious failing.

Keep going, full steam ahead - never mind that iceberg!

Ah, correct - it is its own failcoin, no wonder I confused it with the *other* failcoin, MSC.

Mastercoin is a fail sandwich that will burn a lot of people, including the starry-eyed developers. I've tried to warn them about it, but they just push it aside, because remember - no plan can fail, what kind of crazytalk is that!

Also, they're too busy getting caught up in the "how much it will be worth $$$$" game to even consider any rational objections. So please, implement your exchanges on your 'fail-o-col", and see how fast the Feds get on your case. You won't even be operating in any kind of anonymous and decentralized sense (their parasitic use of the Bitcoin network hashpower excluded of course), so what do you think you will achieve?

Oh right, lots and lots of money - keep on going you blinded idiots.

(6) The continuing inept and ethically bankrupt policies of every major government on earth - actively debasing their currencies.

This is good news for Bitcoin, overall.

If they auction/sell - we get a firesale and all those whiners that start alt-coins because they missed the boat years ago can finally put a sock in it.

If they hold them forever - less in circulation boosts everyone's value, and the subsequent news of this seizure proves Bitcoin has value. After all, why seize something that is worthless? Thanks for the vote of confidence, FBI!

Classy, just like the penny-stock forums.

No wonder MSC is considered a big pump-and-dump scheme with people touting it like this.

Western Union is making the same monumental mistake that Microsoft did when it ignored the Internet.

They'll come crying later, when they notice their international wire traffic plummeting.

This idiot actually said that there was more profit in mining than trading Bitcoins.

What planet does he live on? On mine, we're at the cusp of a truly monsterous difficulty increase, and most hardware is pulling only modest amounts of coins. He also says that more will get mined every year as time goes on - which just shows he doesn't understand the 3,600 BTC/day limit, or anything else.

Total garbage.

I told you guys that the yield-starved investors would get in once they realized what Bitcoin can do.

Honestly, the Federal Reserve is helping us, by keeping a near-zero interest rate policy, Bitcoin shines like a supernova against that kind of environment.