Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin that really decentralized, as you believe?
by
throughput
on 02/08/2010, 17:42:54 UTC
You guys are still arguing with this buffoon?

Quote
He's arguing that the system should be secure even if the majority of people are compromised.
Everyone is free to read my posts and discover, that I'm arguing, that the majority of people should be better
protected from being compromised. And that the authors of the Bitcoin should get concerned by
that security risk.

Quote
  There's no way to control that.  If over half the people in the entire US economy conspired to specifically thwart the others, they would succeed.  If over half the computers coordinated to falsify the internet, they would most likely succeed.  But, if you control over half the internet, what's the point of subverting it?

This very fact is what MAKES it decentralized:  The majority controls the system, not some subset/minority of the population.  Not even to mention the fact that 51% would probably be insufficient to overpower the system convincingly, as it's still dependent on luck.
I'll not cite him here Wink ...