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Author Topic: [2016-08-10] medium.com| The Upside of the Internet: I Can Correct “The Downside  (Read 178 times)
eye4bd
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September 10, 2016, 09:29:30 PM
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The Upside of the Internet: I Can Correct “The Downside of Bitcoin: A Ledger That Can’t Be Corrected”

Like any good cryptocurrency adherent, in my romping around social media I was unsurprised to find yet-another-grossly-misrepresented-hit-piece on Bitcoin. But this one sure was fancy. Op-ed in the NYTimes you say? Group chief executive (?) for financial services from a major consulting firm? Wow. Must be a hard-hitting, well-researched, incisive look at the downsides of cryptocurrency. I clicked the link....

https://medium.com/@cincinnati/the-upside-of-the-internet-i-can-correct-the-downside-of-bitcoin-a-ledger-that-cant-be-327a5423d697


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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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September 10, 2016, 11:07:02 PM
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A lot of altcoins have tried to claim the kind of success that bitcoin has but only few have even come close. I am not surprised about this new one, there seems to be nothing new in the world of crypto.
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