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re: Are bitcoins dead? WIKI Where u at?
Posted on 1/19/16 at 8:24 pm to Broke
Posted on 1/19/16 at 8:24 pm to Broke
That article sounds like the same posts you and I had two or three years ago everytime Wiki and JoshNorris told us how impervious btc was to manipulation.
The point we kept trying to make was any entity with enough deep pockets could manipulate the process to the detriment of all owners of btc. They said it was impossible.
The Chinese military has done it apparently.
Thanks for posting the link. I stopped keeping up with btc news a year or so ago.
The point we kept trying to make was any entity with enough deep pockets could manipulate the process to the detriment of all owners of btc. They said it was impossible.
The Chinese military has done it apparently.
Thanks for posting the link. I stopped keeping up with btc news a year or so ago.
1
Posted on 1/19/16 at 9:40 pm to LSURussian
I pointed out several of the issues discussed in the article. I was laughed at by Wiki and Josh as a know nothing when I pointed out that the system had a limited capacity to process transactions in a timely manner and that miners would eventually require compensation for performing the computations necessary to verify transactions in order for them to be economically viable.
I wonder when we'll see some other the Bitcoin believers come clean about the economic results of their Bitcoin activities? Where are all of the mining magnates and speculator tycoons these days? I'm sure not a one of them lost any money.
I wonder when we'll see some other the Bitcoin believers come clean about the economic results of their Bitcoin activities? Where are all of the mining magnates and speculator tycoons these days? I'm sure not a one of them lost any money.
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