Post
Topic
Board Economics
Re: Transactions Withholding Attack
by
Chaz
on 17/11/2013, 10:50:48 UTC
JoelKatz implied or asked if cartels might prefer to not send the transaction to the Bitcoin blockchain ever. And keep them offchain.

P.S. I don't think they would choose that strategy, so please stop cluttering this thread with this off-topic discussion on not understanding the Bitcoin technology. If you still don't understand, please send me a PM and I will explain there. I am not angry, I appreciate your posts, but please in PM so I can explain without burdening the thread okay.

If we aren't sending them to the blockchain ever then we are using Cartel-Coins, not bitcoins.

Look, you don't make any sense.  If I send bitcoins to my cartel wallet, I don't control those bitcoins anymore.  What I have now is a claim for those bitcoins from the cartel.

P.S I'm not cluttering this thread, your theoretical attack is baseless at best.  You proclaim to be the expert and look down upon other people, yet you can't even understand off-chain transactions.