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February 12, 2014, 05:07:22 PM |
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Guys, honestly, we need to all stop fixating on little b here... This isn't a little b problem. The problem is a big B problem and it makes all the sense in the world for the devs to take the time they need to patch this problem. They have know they would have to for a long time, but since there is no existential threat to the big B here. The attacks are not going to cause a fork in the blockchain, and they don't make it possible for someone to steal you coins. That is the main reason it hasn't been addressed until now. They/We have know this could happen but there isn't too much economic incentive for someone to try this attack unless they are trying to kill competitors, weaken little b to get in lower, or are just bored and malicious.
There isn't a need for an immediate bandaid. All of you that are afraid of people "losing faith" are talking about the price of your current little b investments. Bitcoin, big B bitcoin, isn't about the value of little b bitcoins. It's the ledger and the network that matter, ultimately. At some point the price of bitcoins could conceivably be almost zero or many geometric iterations higher then it is now... none of that will effect the real value here which is clearly, "Big B".
They will get this problem fixed, but for now, realize, its more of an annoyance then anything. For those stuck with money at gox, or who have lost money somehow in this mess, obviously the problem is much bigger for you, and I offer my sincere apologizes if my little rant here is insensitive to your personal plight. I am talking more holistically and about the framework. I guess I just wanted to say something because I am hearing people that the end is nigh, really, imo, because they are worried as they see value of their bitcoins falling.
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