Quote from: twobits on July 01, 2011, 06:51:38 PM

Quote from: adaman on July 01, 2011, 05:47:33 PM

If you have realy a little understanding how databases and bitcoins are working and assuming you read this article carefully and understand it you shouldn´t come to the conclusion the author is an idiot.
I am not an expert but in the database are no bitcoins stored. Only numbers that represents an accounts amount of bitcoin. If you "fake" or "counterfeight" this number you just change a number inside a database. The bitcoin block chain was never affected. So sure you can create an "counterfeit" amount of any item/number inside a database. And nothing else was mentioned by the author.

"The hacker was able to create 2 million counterfeit BTC by manipulating the company's trading database ..."

In my opinion from an technical point of view this article claims no false facts and is correct.
The question for me is if it realy was happen in this way. But that makes me not calling the author an "idiot".

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Changing the number in the database no more counterfeits bitcoins then a bank printing out an erroneous statement of your account showing more in it counterfeits euros.

I simply can agree. And nothing else i claimed. I didn't say that real bitcoins where "counterfeited" inside the block chain.

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The title is claiming a false fact and is wrong.
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As i pointed out already in my last post thats also my opinion.

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In this case though, it may just be the author of the headline, if could be someone else comes up with the headline then the author, I know that is often the case for newspapers.

I still stand to my opinion the article is not as bad as you think if you just read the headline and is technical correct (maybe except the term "counterfeit"). Now i am leaving this threat because it seems we only discuss about different meanings of the term "counterfeit".