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Question: If you were Tycho, would YOU fork the block chain?
Tycho probably is already
Who wouldn't?

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Author Topic: If you were Tycho, would YOU fork it?  (Read 2588 times)
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June 08, 2011, 10:48:01 AM

I don't get how chain forking and double spending are related each other, can someone please enlighten me?

EDIT: Upon further readings, i got that. NVM.

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Rob P.
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June 08, 2011, 12:10:50 PM

Would double spending be illegal under US law? If bitcoin is classed as a currency would it be considered forgery?

Illegal?  No.  Bitcoins aren't recognized as "currency" so there is no US law governing their use.  You could claim fraud, but fraud requires someone to be harmed, no one is harmed when a coin is double spent.  You still got your coin, it's just that he didn't lose it.  Welcome to digital currencies. 

If bitcoin were classified by the US Government as a currency, then maybe forging the block chain and validating double spends would be counterfeiting.

We're a LONG way from any of the above being law.  And that would only be a US law. 


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June 09, 2011, 12:03:33 AM

just wanted to bump this once
as it's getting stale
I like how it's almost split 50/50

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June 09, 2011, 12:26:41 AM

If I were Tycho I would buy the entirety of the internet.

I dont like the guy. How many reasons do I have? alot.
How many reasons do I need? none.
I just dont like the guy.

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June 09, 2011, 01:01:23 AM

Don't forget Tycho has partners.  He's not the only one responsible for deepbit. 
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