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Author Topic: A comprehensive critique of the weaknesses of Bitcoin...  (Read 781 times)
Kiaya
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July 23, 2011, 09:46:27 PM
 #1

Any thoughts on this -

http://blog.p2pfoundation.net/a-comprehensive-critique-of-the-weaknesses-of-bitcoin/2011/07/23

... the only one that really concerns me is 1) - is it true to say that the hashing power of the network is getting so large that this issue gets less likely as time passes? -

http://www.quora.com/How-can-Bitcoin-be-hacked

... the author represents kakigarden - they're positioning themselves as a competitor to Bitcoin - but there seems to be very few details published about what, exactly, they're proposing -

http://www.kakigarden.com/


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Jaime Frontero
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July 23, 2011, 10:27:56 PM
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kakigarden:

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No longer backed by material scarcity like gold, nor by artificial scarcity like Bitcoin.

sounds like an implementation without the 21M coin limit.

i wonder how the amount of currency is controlled?  centrally?   Roll Eyes

not much appeal, with this limited amount of info...
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July 24, 2011, 03:15:16 AM
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... the author represents kakigarden - they're positioning themselves as a competitor to Bitcoin - but there seems to be very few details published about what, exactly, they're proposing -



The fact that they're raising funding makes me suspicious already.  A currency immune to Bitcoin's weaknesses will not be competition for Bitcoin.

Bitcoin, Ethereum, Litecoin, Namecoin, Dogecoin, Ripple, Stellar, US dollar, euro, British pound, Canadian dollar and Japanese yen exchange:  https://www.kraken.com
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July 24, 2011, 03:41:12 AM
 #4

Unless they have the source code available then its not a bitcoin competitor.
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July 24, 2011, 12:27:12 PM
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Just a pretty webpage for now.

Trade your Litecoin, Namecoin, Terracoin, Devcoin and IXcoin for Bitcoin: Vircurex
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