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Quite, hence the notion that there has been no fraud is laughable.
by andrewprock 8y ago
Quite, hence the notion that there has been no fraud is laughable.
- jtbayly 8y agoGrafting a branch onto a chain doesn’t actually affect the chain, though. In the digital world, you don’t have a tree, you have two chains that happen to have identical sections.
- andrewprock 8y agoIt does allow you to double spend though.
- jtbayly 8y agoTrue. Good point. However, and here’s the kicker, it’s no more fake than the original. So as long as somebody will accept it as part of another chain, then it has value.
- andrewprock 8y agoThis feels like a very poor defense of fraud.
- jtbayly 8y agoWell, my point was just that it begs the question. If Bitcoin is fraud, then BCC is fraud. If BCC is fraud then BTC is fraud. So you are left with the task of proving that Bitcoin is fraud in and of itself, rather than on the basis of circular argument.
- andrewprock 8y agoI think we agree there has been double spending. We may not agree on whether that constitutes fraud.