Post
Topic
Board Bitcoin Discussion
Re: My Response to Ben Laurie’s ‘Last Word’ on Bitcoin
by
misterbigg
on 04/07/2011, 16:27:30 UTC

This PDF is also rubbish. Every point in section #3 is incorrect, and demonstrates the author's lack of understanding of the system. For example:

Quote
Once most nodes have forgotten about a payment, the payer might double-
spend the bitcoins, depriving the payee of a chance ever to get the original
payment.

Wrong...the payee saves a copy of the transaction. Just one of the numerous errors in the paper.