2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies

mccorvic

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Quote from: Akka on May 07, 2013, 03:28:29 PM

I know it may not be such a big deal, but it really annoys me that I read every time that Litecoin (and others) have faster transaction times.

That is simply not true. The Conformation Time is shorter, not the transactions them self. This is an important Difference.

And now even the Media start to spread this misunderstanding. Undecided

All a part of the LTCer's plan to bring down cryptocurrencies.

Akka

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I know it may not be such a big deal, but it really annoys me that I read every time that Litecoin (and others) have faster transaction times.

That is simply not true. The Conformation Time is shorter, not the transactions them self. This is an important Difference.

And now even the Media start to spread this misunderstanding. Undecided

Stephen Gornick

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Quote from: jgarzik on May 07, 2013, 12:46:01 PM

Wary of Bitcoin? A guide to some other cryptocurrencies
http://www.wired.co.uk/news/archive/2013-05/7/alternative-cryptocurrencies-guide/viewall

Sigh ...

Quote

In a 51 percent attack, someone takes over enough nodes to effectively dictate that their own version of the blockchain is accepted over the legitimate one. If that happens, it becomes possible to counterfeit bitcoins,

The risk of loss during a 51% attack is where coins are sent and then the attacker broadcasts blocks in which these funds are spent again. So the risk is double spending of the same funds. That is not counterfeiting where coins that are not legitimate are in circulation.

There's a big difference (though if you were the party that saw losses due to the double spend you might not care that there is a distinction).

misterbigg

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AWESOME photo!!!!

kjlimo

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A good article indeed. Bummer they said BBQ coin is dead... I see people trying to buy and sell them a lot on these forums...

No mention of I0coin??? Double bummer, but understandable.

superduh

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The last sentence says invest in the stock market

jgarzik

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Wary of Bitcoin? A guide to some other cryptocurrencies
http://www.wired.co.uk/news/archive/2013-05/7/alternative-cryptocurrencies-guide/viewall

Topic: 2013-05-07 Wired: Wary of Bitcoin? A guide to some other cryptocurrencies (Read 970 times)