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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
xyzzy099
on 18/03/2015, 16:44:03 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". 


I concur, for the most part - but apparently this is NOT what he is claiming, as it has been pointed out to him multiple times that he is just describing the creation of Yet Another Alt Coin, but he keeps posting this FUD as if it represents some weakness in Bitcoin.  I would like him to clarify his claim, or demonstrate the supposed weakness, once and for all.