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Bitcoin doesn't solve counterfeiting, it just moves the goalpost from printing to hacking.
by Steko 14y ago
Bitcoin doesn't solve counterfeiting, it just moves the goalpost from printing to hacking.
- gizmo686 14y agoBitcoin has cryptographic assurances against counterfeiting. Stealing money is still a problem.
- Steko 14y agoYou can hijack the entire currency with enough processing. Very hard? Yes. Still counts as counterfeiting.
- Coinabul1 14y agoShow me one example of the Bitcoin protocol being hacked. The hacking you speak of is more akin to bank robbery.