Topic: Bitcoin Open to Takeover, Researchers Discover With New Algorithm (Read 452 times)
The article doesn't give much information. Here is the actual paper http://arxiv.org/pdf/1311.0243v1.pdf if you want more details
November 07, 2013, 05:49:28 PM
Given we are in bubble, this article seems very bear-ish to me.
Article translation: "Bitcoin has major flaw: sell now!"
Article translation: "Bitcoin has major flaw: sell now!"
November 07, 2013, 05:45:05 PM
Don't trust research that comes with tweets from the authors "Immediate action required" "You heard it here first: now is a good time to sell your Bitcoins". https://twitter.com/el33th4xor
News reports are doing 0 research; "A major flaw that has gone unrealized until now" is just a plain lie.
News reports are doing 0 research; "A major flaw that has gone unrealized until now" is just a plain lie.
November 07, 2013, 05:42:18 PM
I wonder how many times this same thing is going to be reposed.
If you are seriously interested in learning why this isn't really a threat look for the "selfish mining" thread on this forum somewhere.
If you are seriously interested in learning why this isn't really a threat look for the "selfish mining" thread on this forum somewhere.
November 07, 2013, 05:40:23 PM
The 51% attack has long been known about in the Bitcoin community it's nothing new.
Litecoin is the response to this if it worries you.
Litecoin also solves a number of other Bitcoin issues, such as the high transaction cost, and the unfairness of ASICs being in the hands of a few Elite.
Litecoin is the response to this if it worries you.
Litecoin also solves a number of other Bitcoin issues, such as the high transaction cost, and the unfairness of ASICs being in the hands of a few Elite.
November 07, 2013, 05:28:41 PM
I wonder if this is fixable or if its going to be a permanent problem.
November 07, 2013, 04:58:42 PM
Nov. 4, 2013 — A major flaw that has gone unrealized until now leaves the $1.5 billion Bitcoin market open to manipulation and a potential takeover, according to a new study by two Cornell University computer scientists.
http://www.sciencedaily.com/releases/2013/11/131104112234.htm
http://www.sciencedaily.com/releases/2013/11/131104112234.htm
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