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Author Topic: [2014-02-11] Reuters - "Bitcoin plunges..."  (Read 481 times)
Seohce (OP)
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February 11, 2014, 05:46:28 PM
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"Bitcoin plunges after marketplace indefinitely halts withdrawals".

http://uk.reuters.com/article/2014/02/11/us-investing-bitcoin-idUKBREA191Y220140211
Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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February 11, 2014, 05:58:21 PM
Last edit: February 11, 2014, 06:09:35 PM by FeedbackLoop
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"This technical issue is of a much larger intensity than we've seen in the past," said Sebastien Galy, currency strategist at Societe Generale in New York. "The market may be realizing that there are issues which are specific to these forms of currencies."

Thanks Mark Karpeles for giving douches like Sebastien Galy* such wonderful FUD ammo!


"TRANSACTIONS COULD BE ALTERED"

...  Roll Eyes Roll Eyes Roll Eyes Roll Eyes






* (who previously stated pearls like: "There is no certainty that the supply of bitcoins will follow the original rules, these rules have already been changed and presume a trust in the ones able to issue the currency. In many countries, printing money is a state privilege that will come to bite in the future as this, like gambling, is regulated for good reasons." in the middle of a supposedly informed and serious analysis: http://www.businessinsider.com/sebastien-galy-on-valuing-bitcoins-2013-4)
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