Ninjastic
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Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
JayJuanGee
on 21/09/2018, 21:42:40 UTC
Quote from: bones261 on September 21, 2018, 01:29:25 PM
Quote from: JayJuanGee on September 21, 2018, 08:21:53 AM
Quote from: bones261 on September 21, 2018, 04:18:46 AM
So Bitcoin Core has a devastating bug in the code since March 2017 Shocked Huh Also, it appears that every single shitcoin that forked off of Bitcoin core 14.0-16.3 is also going to have to patch things up. We really dodged a bullet here. Hope no other surprises are lurking in the code.  Roll Eyes


Seems a bit ironic that we get some fairly strong negative news about fundamental weakness in bitcoin (sloppy coding), and dodging a bullet, as you put it, bones, and then subsequent to that we get a $200 plus pump.  Hopefully, this is not a bull trap, but surely I can understand forcing the closing of some shorts, and also just a whole bitcoin market dynamic in which bitcoin can go through extended periods of doing the opposite of what seems logical.

Well, it appears that this bug could have only been implemented if a miner intentionally does it. This demonstrates that miners of BTC are simply not going to go out and look for vulnerabilities to exploit, which would most probably hurt the BTC price; and also, in the end, orphan all of the blocks that they found when implementing the bug.

Surely a risky proposition for any existing miner to gamble his/her whole livelihood with a possible short-term gain that ends up killing the golden goose and/or causing the miner to personally lose way more than s/he would gain - including becoming thereafter ostracized in the BTC community and even possibly prosecuted depending on how malevolent the behavior can be presented to be..