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- Nobody knowing who created it, especially since they control over 1,000,000 bitcoin (~5% of the eventual total supply). - No solution to a 51% attack. - The
by blanderman 8y ago
- Nobody knowing who created it, especially since they control over 1,000,000 bitcoin (~5% of the eventual total supply).
- No solution to a 51% attack.
- The gradual loss of inflation in supply. There are very valid reasons why existing currencies use inflationary systems.
- madeuptempacct 8y agoThere is nothing better than deflation for a store of value. Who cares who created it? I don't have an answer for 51%
- mygo 8y ago> No solution to a 51% attack. A 51% attack would cost more money than Bitcoin’s entire market cap
- blanderman 8y agoUnless you're operating a major mining pool or mining hardware company, or at least breach the security of those organizations.
- hvidgaard 8y agoThere will never be a solution to "the 51% attack" for any kind of decentralized system. No blockchain will solve that particular issue. The conjecture Bitcoin has formulated is that there is no monetary incentive to perform the attack, and if the threat model involves state level adversaries nothing is particular safe. So far, it has been demonstrated that it holds true.