Post
Topic
Board Bitcoin Discussion
Re: GHash.IO and double-spending against BetCoin Dice
by
edmundedgar
on 13/06/2014, 11:58:08 UTC
If bitcoin can't survive this, and we also can't fix it, it's fundamentally broken. If it's fundamentally broken, it's better that we find that out sooner rather than later.

Bitcoin is not fundamentally broken, the system just assumes people are not idiots and will not work against their own interest. That assumption is obviously wrong. Majority simply doesn't want to think, it is too painful. It's just much easier to be in a heard. Being in heard is so comfortable, that way somebody else is guilty when shit happens.

I guess this comes down to semantics, but "broken if used by the actual humans who will be using it" sounds to me like "broken". Still, I suppose maybe some future AI civilization will be smarter than us monkeys...