Post
Topic
Board Speculation
Re: $415...$410...how much more? Still want to lose money? Then keep hodling
by
bustrod
on 19/09/2014, 17:37:26 UTC
http://hackingdistributed.com/2014/06/16/how-a-mining-monopoly-can-attack-bitcoin/
Educate yourself.

51% thread is real and Bitcoin's protocol is very vulnerable. Nobody will invest in this.

Is this your ONLY source to have turned what is an unprecedented technological development into "rotting worthless shit" in your eyes?

Nobody will deny that there aren't threats or vulnerabilities. Name ANY system that is 100% secure, please. To believe BTC is impervious is sheer delusion manifest by desire. Having said that, all the bitcoin breaking fears of the 51% attack given in your source have rebuttals and you can even find them ON THAT PAGE, if you bothered to read the amateur comments given as well instead of taking the article written by 2 individuals as inerrant gospel. Even the propositions they give of the subtle attacks requires some entity to defy mathematical probabilities so unlikely, and continually becoming further unlikely, that panicking now and claiming the "scam has failed" only shows an inept understanding, borderline thought disorder. In every case of "evil" potential given this "evil" intending party with >51%, not to mention they technically wouldn't even need 51% to pull off many of these things, they would have to hold this dominance for an extended period of time, and theoretically at least give the impression of permanently holding it as well.

Is this why you're panicking?