>> (p.1)
    Author Topic: Bitcoin is not as advertised  (Read 14910 times)
    tentative (OP)
    Newbie
    *
    Offline

    Activity: 13
    Merit: 0


    View Profile
    November 02, 2010, 10:21:57 PM
     #1

    Hi all,

    Having studied Bitcoin in depth for a long time,
    I've come to realize the following:

    Bitcoin is not peer-to-peer.
    The consensus block chain is determined more by the official node implementation than by the individual nodes.
    If ever you stop updating your software to the latest version, you rapidly become vulnerable to attack. This will never change.
    If you implement your own node, you have to choose between:
    1. Agreeing to be dictated the "consensus" block chain by the official release.
    2. Being vulnerable to attack

    I'm willing to back these allegations with proof.
    The question is, is anyone interested?
Page 1
Viewing Page: 1