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Bitcoin Forum > Economy > Economics > Speculation > [bloomberg.com] Bitcoin is a High-Tech Dinosaur Soon to be Extinct
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Author Topic: [bloomberg.com] Bitcoin is a High-Tech Dinosaur Soon to be Extinct  (Read 674 times)
Richard Branson (OP)
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January 04, 2014, 11:36:34 AM
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http://www.bloomberg.com/news/2013-12-31/bitcoin-is-a-high-tech-dinosaur-soon-to-be-extinct.html

Good read for a laugh.
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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.
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January 04, 2014, 11:37:12 AM
Last edit: January 04, 2014, 11:48:32 AM by Reece523
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Some websites can be remarkably bipolar in their reporting  Cheesy

(edit: and thanks for the article -- I learnt something I didn't know about history)
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January 04, 2014, 11:55:39 AM
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The US Senate has already tried to stop Bitcoin, in the form of a spearhead attack by Senator Schumer. He's a very influential senator for those who don't know. He tried. He failed. It really feels like Bloomberg contributors get more clueless by the day.
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