Bitcoin Forum
May 07, 2024, 11:41:13 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Bitcoin Forum > Other > Beginners & Help > A comprehensive critique of the weaknesses of Bitcoin...
Pages: [1]
« previous topic next topic »
  Print  
Author Topic: A comprehensive critique of the weaknesses of Bitcoin...  (Read 913 times)
Kiaya (OP)
Newbie
*
Offline Offline

Activity: 33
Merit: 0



View Profile
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/
1715125273
Hero Member
*
Offline Offline

Posts: 1715125273

View Profile Personal Message (Offline)

Ignore
1715125273
1715125273
Reply with quote  #2
1715125273
Report to moderator
1715125273
Hero Member
*
Offline Offline

Posts: 1715125273

View Profile Personal Message (Offline)

Ignore
1715125273
1715125273
Reply with quote  #2
1715125273
Report to moderator
There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
Jaime Frontero
Full Member
***
Offline Offline

Activity: 126
Merit: 100


View Profile
July 23, 2011, 10:27:56 PM
 #2
kakigarden:

Quote
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...
btcx
VIP
Sr. Member
*
Offline Offline

Activity: 302
Merit: 253



View Profile WWW
July 24, 2011, 03:15:16 AM
 #3
Quote from: Kiaya on July 23, 2011, 09:46:27 PM

... 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
Anonymous
Guest
July 24, 2011, 03:41:12 AM
 #4
Unless they have the source code available then its not a bitcoin competitor.
bigb159
Full Member
***
Offline Offline

Activity: 163
Merit: 100



View Profile
July 24, 2011, 12:27:12 PM
 #5
Just a pretty webpage for now.
Pages: [1]
  Print  
Bitcoin Forum > Other > Beginners & Help > A comprehensive critique of the weaknesses of Bitcoin...
 « previous topic next topic »
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!