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Topic: [2014-12-02] Tulipmania Critic Writing Bitcoin Book (Read 1288 times)

legendary
Activity: 1652
Merit: 1016
Quote
“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

Brian, what are you babbling on about?
legendary
Activity: 1456
Merit: 1010
Ad maiora!


Quote
“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

What could that possibly mean? Computers that are faster than... the software?  Huh






he must have some inside info ?   Wink
Or a really fast computer.
newbie
Activity: 28
Merit: 0


Quote
“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

What could that possibly mean? Computers that are faster than... the software?  Huh






he must have some inside info ?   Wink
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
 

Quote
“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

What could that possibly mean? Computers that are faster than... the software?  Huh



newbie
Activity: 28
Merit: 0
I get a feeling he couldn't be any more wrong about this quote:

“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

Mining attacks occur when a single miner or pool has enough hashing power to outperform all of the other miners in the network combined. This is commonly known as the 51% attack, it has nothing to do with a speed difference between hardware and software, and it has nothing to do with hoarding coins. You don't actually need the full 51% net hashrate to pull it off, just that you are taking a big risk if you go below that level.


the dude is a wall street puppet ... nothing more.    Smiley leave him aloneeeee lol
sr. member
Activity: 417
Merit: 250
I get a feeling he couldn't be any more wrong about this quote:

“Mining attacks occur when the computers used to solve the complex mathematical problems are faster than the software. Miners can hoard coins before the software has a chance to make the equation more difficult.” - Brian Kelly

Mining attacks occur when a single miner or pool has enough hashing power to outperform all of the other miners in the network combined. This is commonly known as the 51% attack, it has nothing to do with a speed difference between hardware and software, and it has nothing to do with hoarding coins. You don't actually need the full 51% net hashrate to pull it off, just that you are taking a big risk if you go below that level.
newbie
Activity: 28
Merit: 0

Kelly now calls himself a “creator of a digital currency” that has watched the industry mature from a “from a terrible toddler with a penchant for the illicit to a rebellious teenager with a bright future.” He claims his interest in Bitcoin changed when he stopped thinking of Bitcoin as a currency and looked at it as a payment processor. Brian Kelly said in the same episode that Bitcoin regulation is an acceptable outcome.



https://www.cryptocoinsnews.com/tulipmania-2-0-critic-brian-kelly-releasing-book-bitcoin-bitcoin-big-bang/


BK what a douchebag ... NAUT IS A FUCKING COINGEN COIN!!!

Then he hires Bryce Wiener to work on it ? .. need i say more? lol
legendary
Activity: 1540
Merit: 1000
I seriously wish that guy would fuck off.
sr. member
Activity: 370
Merit: 250

Kelly now calls himself a “creator of a digital currency” that has watched the industry mature from a “from a terrible toddler with a penchant for the illicit to a rebellious teenager with a bright future.” He claims his interest in Bitcoin changed when he stopped thinking of Bitcoin as a currency and looked at it as a payment processor. Brian Kelly said in the same episode that Bitcoin regulation is an acceptable outcome.



https://www.cryptocoinsnews.com/tulipmania-2-0-critic-brian-kelly-releasing-book-bitcoin-bitcoin-big-bang/
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