Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Spaceman_Spiff
on 18/03/2015, 16:37:38 UTC
Stolfi likes making senseless arguments to FUD. Come on, Jorge, I'm still waiting for a demostration for your claim!


(Before you scream "21 million": that bitcoin limit is "guaranteed" only by  fuzzy arguments about a complicated economic game, not "by math", and could be changed if the right players agreed to it.  Moreover, any kid can duplicate the amount of bitcoins in existence by creating a hard fork of the blockchain and starting to mine it on his laptotp.  Anyone who has bitcoins will gain an equal amount of those "series B" bitcoins, accessible through the same private keys, and could trade them independently of his old bitcoins by duplicating his wallet and downloading the kids's client software. Whether those "series B" bitcoins will get a significant market value is a market(ing) question, not a technical one.  And, of course, there are the altcoins.)


+1

I would be curious to see this demonstrated as well.
There is nothing to demonstrate.  If I understand correctly, he is just saying anybody can create an altcoin in which the initial ledger of ownership is taken over from bitcoin.  Of course, hardly anybody would see this as "being able to duplicate bitcoins".  

Of course this is not a technical issue.  To it sounds a bit like saying "passwords you can use on 1 website can be used on another website, therefore internet security is flawed".