BTC flawed 'cause 51% attack? He didn't say anything we didn't already know...
I didn't think Snowden's thoughts on bitcoin were entirely that bad, and agree that it regarded nothing that most people haven't already accepted ie possibility of 51% etc etc.
A 51% attack can create as many Bitcoins as it wants to.
I think Bitcoin investors do not really believe it can happen, because they would not invest in inflatacoin.
But it is much more likely than they believe.
Everyone knows that Bitcoin mining MUST become more centralized (in order to scale up transactions) and thus it will likely (almost certainly IMO) eventually become controlled by the G20 that can regulate a few 100s of mining nodes. Will be justified by the G20 doing coordination against terrorism, money laundering, and tax cheating.
And the masses who use Coinbase wallets and other large providers such as the Blockstream.com (3 million wallets) CEO shaking hands with the Prime Minister of the UK upthread, won't care! They are sheep. They follow. They are preoccupied.