Re: The "you cant kill Bitcoin argument"

BTW I don't think Bitcoin is undefeatable, you can always destroy it by 51% attack. And that's why I think it is amazing: you can choose.

There are solutions for the 51% attack situation. When the fix needs to be implimented it will be. Gavin and others have had the solution ready for awhile now. The whole 51% thing just makes good press, it's all about selling fear, thats why you never hear that a 51% attack would be noticed immediately and the fix would shut the attack down almost immediately making all the attackers blocks invalid. To the normal citizen Bitcoin user it would be a small "hiccup" and banks have big "hiccups" all the time and no one really complains. Banks even close on the weekends and are getting hacked/fraud/ID thefts daily.

I don't know where you get your delusions, laser brain.

http://gavintech.blogspot.com/2012/05/neutralizing-51-attack.html?m=1

That refers to a specific stop-all-or-nearly-all-the-transactions attack, however a stop-some-but-not-all-transactions attack, or enough double-spend attacks would probably work just as well in crashing the market if it went on for long enough.

Edited to add: He also mentioned in that same blog post that someone willing to spend enough money could continue to pull off a stop-all-or-nearly-all-the-transactions attack even with the countermeasure in place.