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mprep
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February 28, 2014, 01:40:08 PM
 #21
Quote from: marcotheminer on February 28, 2014, 01:15:09 PM
No single person can 'kill' bitcoin.
Actually they can. Buying most BTC would do it. Although people would just pass on to another cryptocurrency.
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March 01, 2014, 07:03:42 AM
 #22
Quote from: michaelzhang on February 27, 2014, 02:09:44 PM
Quote from: btcrich on February 27, 2014, 01:18:03 PM
Quote from: michaelzhang on February 25, 2014, 01:23:29 AM

Conclusion: killing Bitcoin is absolutely feasible, the cost is only 180 million USD, and the killer will make huge profits.


If the killer managed to make huge profits, then Bitcoin would still be very much alive after he thinks he's killed Bitcoin.

The killer would need to buy up a vast amount of Bitcoins prior to any attack in order to make any waves with his attack. (you can't double spend 0 Bitcoin)  If someone were in possession of a great number of Bitcoins, why would he try to devalue it by attempting to kill it?




I suggest you read the article again, carefully.

I suggest you to suck Maos dick.... slowly.

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March 01, 2014, 11:28:38 AM
 #23
Quote from: seriouscoin on March 01, 2014, 07:03:42 AM
Quote from: michaelzhang on February 27, 2014, 02:09:44 PM
Quote from: btcrich on February 27, 2014, 01:18:03 PM
Quote from: michaelzhang on February 25, 2014, 01:23:29 AM

Conclusion: killing Bitcoin is absolutely feasible, the cost is only 180 million USD, and the killer will make huge profits.


If the killer managed to make huge profits, then Bitcoin would still be very much alive after he thinks he's killed Bitcoin.

The killer would need to buy up a vast amount of Bitcoins prior to any attack in order to make any waves with his attack. (you can't double spend 0 Bitcoin)  If someone were in possession of a great number of Bitcoins, why would he try to devalue it by attempting to kill it?




I suggest you read the article again, carefully.

I suggest you to suck Maos dick.... slowly.


Such a mature discussion we have in here. Roll Eyes
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March 01, 2014, 11:30:17 AM
 #24
the thing that intrigues me here is the title

Kill Bitcoin with only 180 million USD?

yeah, what's 180 million USD, everyone has that amount of money and he can afford to spend them for fun just to destroy a cryptocurrency from which he will gain no profit, might as well transfer the coins to me Cheesy

♛♛♛♛♛♛♛♛♛♛♛ I PLAY BITROULETTE ♛♛♛♛♛♛♛♛♛♛♛ *Thread*
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March 01, 2014, 11:39:50 AM
 #25
Interestiing thread according to recen news. Still I doubt that bitcoin is so easy to kill
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March 01, 2014, 12:25:28 PM
 #26
Quote from: fatnlovelyfred on March 01, 2014, 11:39:50 AM
Interestiing thread according to recen news. Still I doubt that bitcoin is so easy to kill
You kind of can, theoretically. You'd need to buy most currently existing Bitcoin and the ones not mined yet.
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March 01, 2014, 12:26:13 PM
 #27
The article is a fud. You cannot kill bitcoin with 180 million only. Do you know many mining machines you needed to 51% bitcoin? The time to manufacture all those miners. Do you know the miners manufacturers also mine bitcoins? By the time you have all the hardwares needed the difficulty of bitcoin raises up to 5 - 15 folds.
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March 01, 2014, 12:30:37 PM
 #28
Quote from: umairbacklink on March 01, 2014, 12:26:13 PM
The article is a fud. You cannot kill bitcoin with 180 million only. Do you know many mining machines you needed to 51% bitcoin? The time to manufacture all those miners. Do you know the miners manufacturers also mine bitcoins? By the time you have all the hardwares needed the difficulty of bitcoin raises up to 5 - 15 folds.
Well maybe that's how much it takes to buy a large portion of all BTC.
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