Mitzplik (OP)
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November 05, 2013, 01:24:11 PM |
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Mitzplik (OP)
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November 05, 2013, 01:38:42 PM |
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Mitzplik (OP)
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Activity: 102
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November 05, 2013, 01:40:29 PM |
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BittBurger
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November 05, 2013, 02:15:16 PM |
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You're going to see more and more of these nonsense articles as Visa and Mastercard and the Banks start to worry for their profits.
Scaring people away from Bitcoin will be the most effective and common way to stifle its growth.
One mention of "hackers" and most people would never put their money into such a risky environment.
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justusranvier
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Merit: 1013
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November 05, 2013, 02:20:10 PM |
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You're going to see more and more of these nonsense articles as Visa and Mastercard and the Banks start to worry for their profits.
Scaring people away from Bitcoin will be the most effective and common way to stifle its growth.
One mention of "hackers" and most people would never put their money into such a risky environment.
It's a fine strategy in the short term, except that it loses effectiveness over time. People who've been aware of Bitcoin for a while have heard many news stories about its imminent death, yet it still exists and gets stronger over time. Eventually "The Boy Who Cried Wolf" Syndrome kicks in. |
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safeminer
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November 05, 2013, 02:35:19 PM |
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I always enjoy reading the brain farts of people stuck in old paradigm's
But yes if you want to believe BTC is going to die than id be happy to buy all your coins for 50USD each
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indianplayers
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November 05, 2013, 04:00:47 PM |
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I'll buy all your coins for half the price also!
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RoadToHell
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November 05, 2013, 04:21:14 PM |
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 Send PM to sell yours to me. I'm offering $99/btc! |
Sam Spade: We were talking about a lot more money than this.
Kasper Gutman: Yes, sir, we were, but this is genuine coin of the realm. With a dollar of this, you can buy ten dollars of talk.
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mccoyspace
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November 05, 2013, 05:30:38 PM |
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Send PM to sell yours to me. I'm offering $99/btc!
$99.02/btc here and the order book begins again |
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MysteryMiner
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Death to enemies!
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November 05, 2013, 05:48:55 PM |
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The article and so called research is total crap. It is a modified version of so called 51% attack. And Bitcoin does not assume that all nodes are honest, quite the opposite! For this attack to work you need a large pool and brain damage to not publish mined blocks. And all it can do is create blockchain fork that is shorter than the main chain (because >50% of hashing power is working on properly broadcast chain). The forked chain will be orphaned when published.
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bc1q59y5jp2rrwgxuekc8kjk6s8k2es73uawprre4j
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Ecurb123
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November 05, 2013, 06:08:35 PM |
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You're going to see more and more of these nonsense articles as Visa and Mastercard and the Banks start to worry for their profits.
Scaring people away from Bitcoin will be the most effective and common way to stifle its growth.
One mention of "hackers" and most people would never put their money into such a risky environment.
I think you're right, but it's ok. I think it's ok if BTC is slow to be accepted, although so far I think it's moving pretty fast. |
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LiteCoinGuy
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In Satoshi I Trust
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November 05, 2013, 07:05:36 PM |
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vpitcher07
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November 05, 2013, 07:07:03 PM |
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I laughed way too hard at that.. |
Bitcoin: The currency of liberty
1HBJSf3Lm9i8KxjZ7fuoN9FJ8hniniFbv4
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westkybitcoins
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Firstbits: Compromised. Thanks, Android!
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November 05, 2013, 09:46:37 PM |
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"Hey! The Bitcoin protocol allows for a 51% attack!" Wow. Thanks, Business Insider.  Then again, maybe I should be a little lenient. It's not as if everyone knows about it, and it may sound alarming to some hearing it for the first time. Still though, to suddenly act as if you've found some secret, previously-unknown "flaw" and to speculate on it leading to bitcoin's collapse... I guess such a thing makes one a journalist nowadays. |
Bitcoin is the ultimate freedom test. It tells you who is giving lip service and who genuinely believes in it.
... ... In the future, books that summarize the history of money will have a line that says, “and then came bitcoin.” It is the economic singularity. And we are living in it now. - Ryan Dickherber... ... ATTENTION BFL MINING NEWBS: Just got your Jalapenos in? Wondering how to get the most value for the least hassle? Give BitMinter a try! It's a smaller pool with a fair & low-fee payment method, lots of statistical feedback, and it's easier than EasyMiner! (Yes, we want your hashing power, but seriously, it IS the easiest pool to use! Sign up in seconds to try it!)... ... The idea that deflation causes hoarding (to any problematic degree) is a lie used to justify theft of value from your savings.
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Etlase2
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November 05, 2013, 09:52:56 PM |
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The forked chain will be orphaned when published.
Perhaps you should understand the attack before lambasting someone else's misunderstanding of it. |
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cypherdoc
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November 05, 2013, 09:54:42 PM |
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cypherdoc
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November 05, 2013, 09:56:30 PM |
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is it already going back up?
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IsaacGoldbourne
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Looking to start various enterprises
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November 05, 2013, 10:12:58 PM |
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Nope just fear mongering, don't worry. |
Vote for me for CEO/CNO of MemoryCoin!
CEO: MVTEceoa86dYRsxc2rWCexBMjJmaawMkHZ
CNO: MVTEcno2tbsJWj7AQEyEjgk72j94hbPHFm |
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