Post
Topic
Board Bitcoin Discussion
Re: [ATTN!!] Bitcoin Security nearly Breached
by
imanikin
on 08/07/2011, 19:37:16 UTC

Try clicking on the image for your "proof." Until then, you are on very shaky ground.

My point was that, as we have seen before, one person's parasite botnet is another person's "business partner."  Wink

Even IF it turns out that Deepbit doesn't have such "business partners", it's unethical for Deepbit and its workers to take even close to 50%.

That makes a joke of the already obvious fairytale of "decentralized Bitcoin," in which the system can be disrupted by attacking or subverting just one mining pool...  Cheesy

What also then becomes obvious is that - just as it is for the Wall-Street bankers - for Deepbit and its workers it's not really about the health of the monetary system as a whole. "It's all about me and getting mine"...

In the immortal words of one proud miner:
... I am here simply to mine bitcoin and make a profit.  I don't really care if bitcoin fails. ...

That makes all of the Bitcoin ground pretty damn shaky... Cheesy