This economist professor was right.

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Topic: This economist professor was right. (Read 1078 times)

mbaeichapareiko (OP)

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This economist professor was right.

September 26, 2014, 01:52:38 AM

Written almost 1 year to date of oct/2014.

http://www.technologyreview.com/news/520296/leading-economist-predicts-a-bitcoin-backlash/

I believe this is some of what we are experiencing. What is the bitcoin networks strategy to combat this?

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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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mbaeichapareiko (OP)

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Re: This economist professor was right.

September 26, 2014, 02:11:39 AM

sell me yours I'll buy, you can discount if you like since its going down right? haha

(the next financial meltdown)
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knight22

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Re: This economist professor was right.

September 26, 2014, 02:29:40 AM

Quote from: mbaeichapareiko on September 26, 2014, 01:52:38 AM

Wait for the government to make a move. Prepare some popcorn for the lolz Cheesy

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justusranvier

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Re: This economist professor was right.

September 26, 2014, 02:51:59 AM

"Economist Simon Johnson says governments will feel the urge to suppress the crypto-currency Bitcoin."

OMG, really?

I always thought they'd welcome Bitcoin with open arms. What a surprise!

sublime5447

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Re: This economist professor was right.

September 26, 2014, 03:41:30 AM

Quote from: justusranvier on September 26, 2014, 02:51:59 AM

"Economist Simon Johnson says governments will feel the urge to suppress the crypto-currency Bitcoin."

OMG, really?

I always thought they'd welcome Bitcoin with open arms. What a surprise!

Governments are indifferent to bitcoin because it is no threat.

Sindelar1938

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Re: This economist professor was right.

September 26, 2014, 04:32:56 AM

Some academics make a good living from stating the blindingly obvious
This dude certainly fits into that camp

Lauda

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Re: This economist professor was right.

September 26, 2014, 05:00:07 AM

The professor is an ignorant idiot who chose something useless to study.
Feel free to quote me and send him a mail. Sheep chose to remain sheep.

Yeah I was really expecting the governments to openly accept a decentralized currency which should replace their government issued ones. I was surprised that they did not do it. Roll Eyes

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wolfYella

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Re: This economist professor was right.

September 26, 2014, 05:09:00 AM

I think he was actually trying to make a name for himself. By making such a bold prediction that he felt had somewhat of a chance of happening he would potentially become known for being able to predict price crashes. Regardless he generated a lot of press for himself

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