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    Author Topic: Here’s How I Would Bring Down Bitcoin  (Read 3555 times)
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    • richmcrich
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    March 22, 2016, 08:56:30 AM
     #61
    I think bitcoin can be brought down if there is a system working better than it and covers the same needs, Something like a crypto but more useful and gaining the trust of the users, I don't think that is happening though.

  • Lauda (OP)
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    March 22, 2016, 09:07:35 AM
     #62
    Quote from: Genius Einstein on March 22, 2016, 04:57:32 AM
    Wow, what a great article. everybody who does bitcoin should be able to read this. Really good article about bitcoin. Great stuff
    Unfortunately there are some who keep trying to deny or ignore this.

    Quote from: richmcrich on March 22, 2016, 08:56:30 AM
    I think bitcoin can be brought down if there is a system working better than it and covers the same needs, Something like a crypto but more useful and gaining the trust of the users, I don't think that is happening though.
    What makes you think that Bitcoin can't incorporate these features? The only way that it could be possible is that this 'something else' is either closed source or fundamentally different than Bitcoin in design. However, this isn't really relevant to the post.
    "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
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  • btcusury
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    March 30, 2016, 03:58:38 PM
     #63
    Quote from: Lauda on March 21, 2016, 10:06:36 PM
    Quote from: btcusury on March 21, 2016, 03:44:28 PM
    Indeed, people organically spread the meme ("urgent max block size increase required or Bitcoin will stagnate and possibly die") as misinformation, but its origins are probably as disinformation. It's not so much that "humans are flawed", it's more that propaganda and mind control and perception management techniques have gotten quite advanced.
    Regardless, they are still flawed. The first thing that one tries to exploit (e.g.) when hacking is the human. Similarly, Bitcoin can't be broken by mathematics nor technology (as of today), and thus the logical step would be to try to exploit the humans.
    Hmm, well, yes, but maybe the term "vulnerable" is better than "flawed" then. I mean, it's not realistic to hold mathematics as the standard for human flawlessness! Wink [bump]
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  • Blackmet
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    March 30, 2016, 04:55:28 PM
     #64
    I don't really imagine how bitcoin can be stoped, lol. I don't belive on it but if it will happen i will be so upset  Cry
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    April 03, 2016, 08:16:19 AM
    Last edit: April 04, 2016, 12:13:45 PM by Lauda
     #65
    Quote from: btcusury on March 30, 2016, 03:58:38 PM
    Hmm, well, yes, but maybe the term "vulnerable" is better than "flawed" then.
    The exact term used in this case does not matter as long as the message gets through. Humanity is slowly going downhill.

    Quote from: Blackmet on March 30, 2016, 04:55:28 PM
    I don't really imagine how bitcoin can be stoped, lol.
    How about you actually read the whole post linked in the OP? Then you might understand.
    Update:
    Quote from: btcusury on April 04, 2016, 10:06:51 AM
    Going downhill in what way?
    The specifics might be suited better for another thread.
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  • n0ne
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    April 03, 2016, 02:26:27 PM
     #66
    Quote from: Blackmet on March 30, 2016, 04:55:28 PM
    I don't really imagine how bitcoin can be stoped, lol. I don't belive on it but if it will happen i will be so upset&nbsp; Cry

    Agreed as quoted bitcoin won't be stopped that easy. It has achieved great height in a very short time, so it continues to grow than moving towards the fall.

  • btcusury
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    April 04, 2016, 10:06:51 AM
     #67
    Quote from: Lauda on April 03, 2016, 08:16:19 AM
    Quote from: btcusury on March 30, 2016, 03:58:38 PM
    Hmm, well, yes, but maybe the term "vulnerable" is better than "flawed" then.
    The exact term used in this case does not matter as long as the message gets through. Humanity is slowly going downhill.

    Going downhill in what way?
    FACT: There were hundreds of thousands of unnecessary deaths by December 2020 due to the censorship of all effective treatments (most notably ivermectin) in order to obtain EUA for experimental GT spike protein injections despite spike bioweaponization patents going back about a decade, and the manufacturers have 100% legal immunity despite long criminal histories.

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    April 04, 2016, 07:47:14 PM
     #68
    This is all so new to me, it seems quite bonkers. If the government or whoever are trying to undo bitcoin could they not just buy a big load of it and manipulate it that way, or buy a load of mining machines and use the 51% thing.

    Surely the government could do that if they wanted? Undecided

  • shorena
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    April 04, 2016, 07:56:02 PM
     #69
    Quote from: CiaraB on April 04, 2016, 07:47:14 PM
    This is all so new to me, it seems quite bonkers. If the government or whoever are trying to undo bitcoin could they not just buy a big load of it and manipulate it that way, or buy a load of mining machines and use the 51% thing.

    Surely the government could do that if they wanted? Undecided

    Holding a large amount of bitcoin can only manipulate the price. Mainly upwards, as buying more coins would drive up the demand. I dont see how this could harm bitcoin. A 51% attack could certainly do harm to bitcoin, but it would require the attacker to meet the investment of everyone else on earth.
    Im not really here, its just your imagination.
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