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Author Topic: 20 articles on 'Bitcoin is broken', researchers warn' doesn;t move price? why?  (Read 3029 times)
btcxyzzz
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November 07, 2013, 12:23:41 PM
 #41

Listen to what Vitalik the wise man says:

"No honest (or semi-honest) miner would want to join a selfish pool," he suggested. "Even if they do have a small incentive to [join], they have an even greater incentive to not break the Bitcoin network to preserve the value of their own Bitcoins and mining hardware."

And this smells the most like a paid jewish FUD.

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The network tries to produce one block per 10 minutes. It does this by automatically adjusting how difficult it is to produce blocks.
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November 07, 2013, 01:59:13 PM
 #42

Their theories don't stand up to scrutiny.
If you mine a block but then delay the news so you can secretly work on another one, you risk getting orphaned as someone else sneaks in ahead of you. Working on unconfirmed blocks is pure gambling that kills your hash-power.

If you secretly buy out all the miners, being a benevolent controller who never reveals himself is likely to be more financially rewarding than attempting some destructive publicity stunt like a double-spend attack. In an unusual move, there seems to be a tendency towards less corruption as political power grows. Huh

Even if someone with non-financial motives wanted to destroy Bitcoin, they could probably do it, but the cat's so far outside of the bag that it's on the other side of the river.

..But who cares. As they say: buy the rumour, sell the news.
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