[2014-12-02] Tulipmania Critic Writing Bitcoin Book

[hayek]

Kelly now calls himself a “creator of a digital currency” that has watched the industry mature from a “from a terrible toddler with a penchant for the illicit to a rebellious teenager with a bright future.” He claims his interest in Bitcoin changed when he stopped thinking of Bitcoin as a currency and looked at it as a payment processor. Brian Kelly said in the same episode that Bitcoin regulation is an acceptable outcome.



https://www.cryptocoinsnews.com/tulipmania-2-0-critic-brian-kelly-releasing-book-bitcoin-bitcoin-big-bang/

[Lethn]

I seriously wish that guy would fuck off.

[J3VVL]

Kelly now calls himself a “creator of a digital currency” that has watched the industry mature from a “from a terrible toddler with a penchant for the illicit to a rebellious teenager with a bright future.” He claims his interest in Bitcoin changed when he stopped thinking of Bitcoin as a currency and looked at it as a payment processor. Brian Kelly said in the same episode that Bitcoin regulation is an acceptable outcome.



https://www.cryptocoinsnews.com/tulipmania-2-0-critic-brian-kelly-releasing-book-bitcoin-bitcoin-big-bang/

BK what a douchebag ... NAUT IS A FUCKING COINGEN COIN!!!

Then he hires Bryce Wiener to work on it ? .. need i say more? lol

[CoinMode]

I get a feeling he couldn't be any more wrong about this quote:

“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

Mining attacks occur when a single miner or pool has enough hashing power to outperform all of the other miners in the network combined. This is commonly known as the 51% attack, it has nothing to do with a speed difference between hardware and software, and it has nothing to do with hoarding coins. You don't actually need the full 51% net hashrate to pull it off, just that you are taking a big risk if you go below that level.

[J3VVL]

I get a feeling he couldn't be any more wrong about this quote:

“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

Mining attacks occur when a single miner or pool has enough hashing power to outperform all of the other miners in the network combined. This is commonly known as the 51% attack, it has nothing to do with a speed difference between hardware and software, and it has nothing to do with hoarding coins. You don't actually need the full 51% net hashrate to pull it off, just that you are taking a big risk if you go below that level.

the dude is a wall street puppet ... nothing more.    leave him aloneeeee lol

[RodeoX]

 

“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

What could that possibly mean? Computers that are faster than... the software? 

[J3VVL]

“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

What could that possibly mean? Computers that are faster than... the software? 

he must have some inside info ?   

[gogxmagog]

“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

What could that possibly mean? Computers that are faster than... the software?  

he must have some inside info ?  

Or a really fast computer.

[Buffer Overflow]

“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

Brian, what are you babbling on about?