Quote from: portpho on May 17, 2011, 11:28:32 PM

This thread demonstrates why bitcoin is a joke and always will be.

You people flock to bitcoin supposedly to reclaim public, distributed control over a currency, and then you just give away the power to the first pool operator who asks for it.

What a joke.

The fact that people are actually arguing here that "deepbit would never do such a thing" is unbelievable. Is he Jesus now? Is he your new guru? I thought the entire point of bitcoin was that no one would be the guru, no one would have control.

And then you have the incredibly naive and ignorant argument that if someone abused the network people would "rally" to save it. What fantasy world is this? That's not what would happen. People would abandon the currency because they don't want to sink more money into a flawed concept and flawed community.

Amateur hour. The fact that one man already actively controls enough cryptographic power to break the validity of the currency with NO OVERSIGHT and people put their BLIND FAITH in him..... no serious person is going to have confidence in the currency when they learn that the exact exploit conditions presented by the creator have already been fulfilled, and not through investing significant personal resources either, but fulfilled because bitcoin users VOLUNTARILY GAVE AWAY their cryptographic authority to him. Amazing!

I am here not to reclaim public, distributed control over a currency. I am here simply to mine bitcoin and make a profit. I don't really care if bitcoin fails. There will be other cryto currency to replace bitcoin if bitcoin fails and that might be a good thing.