My point is that we can't depend on good morals supporting the system, we need to rely on the system. If it has weaknesses, we need to figure out solutions rather than just complaining about the weaknesses.
If that takes someone "attacking" to build the next cryptocurrency that protects against it, then unfortunately that's natural selection...
Another way to look at it is that all of the alternate cryptocurrencies are test grounds. Bitcoin's the only "true" cryptocurrency, for now... until someone builds a better one (that can withstand attacks). If the attacks protect bitcoin, then I guess bitcoin figured out something that keeps it safe (being first and bigger).
As long as this is the only weakness of a newer cooler cryptocurrency, then we could all "agree" by switching to the better/cooler cryptocurrency. Otherwise bitcoin will continue to "win."
If that takes someone "attacking" to build the next cryptocurrency that protects against it, then unfortunately that's natural selection...
Another way to look at it is that all of the alternate cryptocurrencies are test grounds. Bitcoin's the only "true" cryptocurrency, for now... until someone builds a better one (that can withstand attacks). If the attacks protect bitcoin, then I guess bitcoin figured out something that keeps it safe (being first and bigger).
As long as this is the only weakness of a newer cooler cryptocurrency, then we could all "agree" by switching to the better/cooler cryptocurrency. Otherwise bitcoin will continue to "win."
Once again there is a solution in the immediate future of namecoin. As I asked, how is this attack justified given the merged mining concept is complete but not currently in action because of the block number chosen by the namecoin community?
Funny how he conveniently chooses to attack namecoin right before the solution that has been implemented is to take place huh. Sounds like he isn't here to save us from an outsider who will attack the network but is in it for the control/power/profit part of it plain and simple.
Yep (see previous response). I agree now that he's a douche, cuz I'm sure he's aware of this merged mining thing.
By the way, how's that gonna save namecoin? And if it was gonna save namecoin, why did they pick a block in the future? Did it need to coinicide with some difficulty change or something from a programing perspective?
1. it needed to be tested on solo miners and a pool.
2. All namecoin miners needed to be aware of the update giving them ample time to get the udpate prior to the release of merged mining.
3. Rushing things allows for mistakes as has been seen on the solidcoin network which Coinhunter has provided quick updates to. We all seen what happened to the quick development and not enough testing prior to launch/update.
These three reasons are ample enough to debunk the claim that developers of namecoin are taking too long and are a "prime network for such an attack".