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And it isn't like this problem wasn't foreseen ahead of time. I repeatedly tried to convince people that it was a real issue back seven or so years ago only to
by 3pt14159 7y ago
And it isn't like this problem wasn't foreseen ahead of time. I repeatedly tried to convince people that it was a real issue back seven or so years ago only to be met with (apparent[0]) scepticism that it's a real attack vector.
[0] Lots of millionaires came out of the cryptocurrency era. Sock puppets are cheap in comparison.
- spir 7y ago> cryptocurrency era Cryptocurrencies and their associated boom-bust market cycles are here to stay. 95% of blockchain development happens on Ethereum, and Ethereum is growing well, https://medium.com/@jjmstark/the-year-in-ethereum-2019-242012e4276d https://medium.com/@jjmstark/the-year-in-ethereum-2019-24201..., so the idea that there was a cryptocurrency era that's ended is not true.
- astrodust 7y agoBitcoin is the three card monte of the tech world. It's going to be around a long time, but not because it's a good thing.
- Priem19 7y agohttps://en.wikipedia.org/wiki/Not_even_wrong https://en.wikipedia.org/wiki/Not_even_wrong "Not even wrong" describes an argument or explanation that purports to be scientific but is based on invalid reasoning or speculative premises that can neither be proven correct nor falsified and thus cannot be discussed in a rigorous and scientific sense. Bitcoin is money. It's as simple as that.
- drcode 7y agoThanks for helping me to buy lots of inexpensive cryptocurrency back in 2013, by keeping the prices low with your skepticism!
- 3pt14159 7y agoYou misunderstand what I'm saying. They were skeptical of the attack vector I highlighted.
- gfodor 7y agoGiven that the number of 51% attacks has been quite rare and relatively low impact so far, I'd argue that your skeptics are still winning the argument. Far more problems have come from security failures outside of the cryptocurrency itself or predatory practices.