Bitcoin Forum
December 11, 2017, 04:11:13 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: 2012-05-17 memeburn.com - The dramatic fall of Bitcoin: No end in sight  (Read 1650 times)
julz
Legendary
*
Offline Offline

Activity: 1092



View Profile
May 17, 2012, 08:29:18 AM
 #1

Quote
The dramatic fall of Bitcoin: No end in sight

Rowan Puttergill
2012-05-17

http://memeburn.com/2012/05/the-dramatic-fall-of-bitcoin-no-end-in-sight/

...

Proponents of the online currency claim that there is no fault with the currency itself. In principle, they’re right, each of these attacks seem to have been simple theft operations.

...

While BitCoin proponents fight hard against any critique of the economic viability of the currency (see comments), some more serious technical challenges are slowly emerging that may not bode well for BitCoin’s long-term survival.

...

As researchers spend more time investigating the currency, BitCoin’s future (at least from a technical standpoint) becomes increasingly uncertain.

@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
1513008673
Hero Member
*
Offline Offline

Posts: 1513008673

View Profile Personal Message (Offline)

Ignore
1513008673
Reply with quote  #2

1513008673
Report to moderator
1513008673
Hero Member
*
Offline Offline

Posts: 1513008673

View Profile Personal Message (Offline)

Ignore
1513008673
Reply with quote  #2

1513008673
Report to moderator
FORTUNEJACK.COM[
                            
9 BTC WELCOME PACK FOR 1ST 5 DEPOSITS
FREE 1,000 mBTC daily for LuckyJack winners
[
          
]
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
herzmeister
Legendary
*
Offline Offline

Activity: 1764



View Profile WWW
May 17, 2012, 09:16:34 AM
 #2

The dramatic fall of Goldcoin: No end in sight

...

Proponents of the noble metal claim that there is no fault with the metal itself. In principle, they're right, each of these robberies seem to have been simple theft operations.

...

While GoldCoin proponents fight hard against any critique of the economic viability of the metal, some more serious technological challenges are slowly emerging that may not bode well for GoldCoin's long-term survival.

Recently, an article was published in a newspaper, showing a 'tungsten adulteration' attack that could be achieved using GoldCoin.

https://localbitcoins.com/?ch=80k | BTC: 1LJvmd1iLi199eY7EVKtNQRW3LqZi8ZmmB
julz
Legendary
*
Offline Offline

Activity: 1092



View Profile
May 17, 2012, 09:46:29 AM
 #3

Recently, an article was published in a newspaper, showing a 'tungsten adulteration' attack that could be achieved using GoldCoin.

Yeah.. it's cheap and easy to tell your bitcoin is bitcoin, but not so easy to be sure that your gold is gold!


It seems so many journalists are desperate to put on record their prediction of bitcoin's demise.

Out of fear of 'egg on their face' - they're fearful to be seen to be optimistic about a potentially gamechanging technology.
Sad that journalists seem to put their own egos ahead of unbiased reporting.

They should mention pitfalls and concerns - sure... but many go beyond that into naysaying and negative spin.


@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
zby
Legendary
*
Offline Offline

Activity: 1563


View Profile
May 17, 2012, 01:55:21 PM
 #4

The dramatic fall of Goldcoin: No end in sight

...

Proponents of the noble metal claim that there is no fault with the metal itself. In principle, they're right, each of these robberies seem to have been simple theft operations.

...

While GoldCoin proponents fight hard against any critique of the economic viability of the metal, some more serious technological challenges are slowly emerging that may not bode well for GoldCoin's long-term survival.

Recently, an article was published in a newspaper, showing a 'tungsten adulteration' attack that could be achieved using GoldCoin.

I don't quite understand inserting this kind of polemics here.
rjk
Sr. Member
****
Offline Offline

Activity: 448


1ngldh


View Profile
May 17, 2012, 02:00:09 PM
 #5

I'm pissed at the commenters for being nothing more than fanboys that aren't going to address his misconceptions, and instead say stupid shit like "FUD" and "Corrupt journalist". Get a grip, guys, and post some actual information.

Mining Rig Extraordinaire - the Trenton BPX6806 18-slot PCIe backplane [PICS] Dead project is dead, all hail the coming of the mighty ASIC!
Technomage
Legendary
*
Offline Offline

Activity: 1848


Affordable Physical Bitcoins - Denarium.com


View Profile WWW
May 17, 2012, 02:11:10 PM
 #6

I'm pissed at the commenters for being nothing more than fanboys that aren't going to address his misconceptions, and instead say stupid shit like "FUD" and "Corrupt journalist". Get a grip, guys, and post some actual information.
+1

Prasos operates Denarium, Coinmotion and Bittiraha.fi. We have an equity offering now live! Check our pitch and invest at Invesdor.
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!