Topic: 2013-11-11 Is Vancouver’s Bitcoin ATM at-risk of an attack? (Read 1409 times)
Whoever wrote this article is the best headline writer but the worst article writer ever.
Does anyone want to go to the coffee shop with the ATM tomorrow? I'm staying at the Hyatt which is three blocks away from it, so that's where I'll be in the morning!
For a second I thought they actually meant physically spiriting away the ATM from its installation point. NO, of course not - this is all about the usual "I'm a newbie and 51% is Bitcoin's HUGE FLAW, LISTEN TO ME GUYS GUYS GUYS... Where are you going?"
Hell, who gave this person the assignment, and second, doesn't anyone fact-check anymore? Being above 5.1 Petahashes/sec is not a trivial thing to get 51% of, I don't care how deep your pockets are.
Hell, who gave this person the assignment, and second, doesn't anyone fact-check anymore? Being above 5.1 Petahashes/sec is not a trivial thing to get 51% of, I don't care how deep your pockets are.
When I read attack I thought they meant someone tried to steal the ATM not the 50% attack again
Got trolled lol
Got trolled lol
Newsflash: bitcoins are not actual physical coins !!!
Mt. Gox might be at risk because of this !!
Mt. Gox might be at risk because of this !!
best headline this month 
Newsflash: Vancouver's News1130 opens up the Bitcoin ATM and finds rogue miners inside!
LOL - You've cat to be kitten me meow
http://www.news1130.com/2013/11/10/is-vancouvers-bitcoin-atm-at-risk-of-an-attack/
VANCOUVER (NEWS1130) – North America’s first Bitcoin ATM did around a $100,000 in business during its first week, right here in Vancouver.
But, Britain’s The Telegraph newspaper reports, there is a serious flaw with the digital currency.
“Whoever controls 51 per cent of the network, through mining, basically they can corrupt the network. They can attack it,” says Mike Yeung, with Simon Fraser University’s Bitcoin club.
He says the number is actually closer to 33 per cent but that it’s still an impractical situation.
“That level of collusion between that many people is very unlikely.”
VANCOUVER (NEWS1130) – North America’s first Bitcoin ATM did around a $100,000 in business during its first week, right here in Vancouver.
But, Britain’s The Telegraph newspaper reports, there is a serious flaw with the digital currency.
“Whoever controls 51 per cent of the network, through mining, basically they can corrupt the network. They can attack it,” says Mike Yeung, with Simon Fraser University’s Bitcoin club.
He says the number is actually closer to 33 per cent but that it’s still an impractical situation.
“That level of collusion between that many people is very unlikely.”
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