Quote from: lottery248 on August 17, 2015, 09:45:51 AM

Quote from: Dire on August 17, 2015, 09:40:57 AM

Quote from: lottery248 on August 17, 2015, 09:26:41 AM

Quote from: AGD on August 17, 2015, 09:06:00 AM

He is obv. no Bitcoin expert.

even though you are right, but, what would you say if what he said "bitcoin's flaw" was proven?
now, what is your evidence that what he just said is no legitimacy?

You do realize how many millions of dollars it requires to perform a 51% percent attack, no? It's barely feasible. And even if it does occur, it's still going to have to deal with the chance that the other side/group/chain may pull together that extra 1/2/3 % or whatever to keep a particular chain of consensus.

Look at the Bitcoin XT deal. It needs to hit 75% before anyone will really get anywhere. A 51% attack in no way implies that the attack will succeed.

The evidence that what Snowden says has (virtually) no legitimacy is that he displays deep ignorance about the Bitcoin protocol in other things he throws out there, namely that there is an identity issue with Bitcoin, when there's only an identity issue because people keep using their identity to get Bitcoin.

Create some other token - like he says - and then we can apparently do lots of things. Erm. No. That would be the Bitcoin blockchain potential already that he's just mentioned.

Like others have pointed out, he should have done his research. Really he should have.

I will say one thing though... I do find the Obama commissioning a supercomputer to be worrying, I have to admit.

i don't wanna war with you, dude.
at the red words, as the people left their XT node wallet due to the blockchain matter, people would start using the online wallet.
did you realise that the XT is used to centralise the power of bitcoin and get it to regulate? unless we would not be in struggle with the excessive blockchain size, otherwise, 75% attacks would be just a piece of cake.

Okay, perhaps I shouldn't have mentioned the XT thing as that's a whole different topic and there are plenty of threads about that. My point was simply that a 51% attack is a huge endeavor in the first place and no small thing.