Hmmm...let me think about that one for a moment.

Oh, yeah, that would be down to the complete lack of a PhD in cryptography, (left it in my other suit) or even a basic grasp of the maths involved in VB's paper.

That, old son, is precisely why we need peer review.
Me saying: "Looks fine, mate, she'll be right" is not a solid basis for a system of crypto currency, even if I am completely correct.