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I suspect -- putting words in the OP's mouth, admittedly -- that the argument isn't that Bitcoin is exploitable in terms of software engineering, but rather in
by chipotle_coyote 14y ago
I suspect -- putting words in the OP's mouth, admittedly -- that the argument isn't that Bitcoin is exploitable in terms of software engineering, but rather in terms of BTC market manipulation, given that he mentioned the arbitrary cap on the total number of Bitcoins possible as a limitation. (I recognize that whether this is a flaw or virtue, or perhaps some of both simultaneously, depends on who you ask.)
- snowwrestler 14y agoI assumed that's what he meant too. The total market cap of the entire bitcoin economy today is a bit over $1 billion USD. That is a small enough number that a large financial institution, or maybe even a few rich people, could manipulate the price with large transactions.