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There is already a fatal architecture flaw - someone owning 51% of the mining power could reck havoc. We just need some way for someone to make enough money out
by CJefferson 11y ago
There is already a fatal architecture flaw - someone owning 51% of the mining power could reck havoc. We just need some way for someone to make enough money out of bitcoin's failure.
- vinceguidry 11y agoThat problem also exists with 'normal' currencies.
- daveguy 11y agoSomeone owning 51% mining power could reak havoc by falsifying transactions... Could they control the price in general?
- maaku 11y agoThey could take all the coins. All of them.
- cb18 11y agoAlso, when gox tried to blame "transaction malleability," people rightly saw that as a ruse. But when people said transaction malleability was a non-issue, they were quickly proven wrong when someone used it to DOS the network. But that was quickly swept under the rug, down the memory hole in the bitcoin community.