Ahem...
"If you make it, they will mine..."
Topic: Serious Bitcoin vulnerability found! (Read 1779 times)
Quick, governments of the world. Bitcoin is a serious threat to your monopoly of the world currency system, and you need to take it down. I am certain it is on your radar, but you probably haven't decided what to do with it, yet.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
I am picking up on the sarcasm...
Yes, for those who didn't get the memo, I'm not serious.
What I want to say, in serious and non-sarcastic terms is: altcoins don't damage Bitcoin, and you can prove this to yourself by thinking through what would happen if millions of altcoin systems were released.
Now, that doesn't prove that altcoins are fantastic and profitable. I happen to think some of them are, or may prove to be.
I enjoyed this post!
What is sad is that it is the honest mentality of a lot of Bitcoin elitists.
We SHOULD have many cryptocurrencies!
While your flooding the market with new altcoins please remember us
We will be busy trying to support as many of them as possible.
We will be busy trying to support as many of them as possible.
99% of new coins launched are made from single reason - to make their developers and early adopters as much money as possible and as fast as possible.
In my opinion, you have to have psychic or have supernatural abilities to be able to tell why somebody did something, unless they reveal their motivations.
And in my opinion, it's also irrelevant. If launching an altcoin actually makes somebody money, than that is proof that launching the altcoin was good for the market. If the altcoin made money for its creator, then it must have also profited somebody else. Otherwise, there is no way to make money with an altcoin.
Maybe I should try my hand at launching an altcoin, if it's really that profitable...
Well, we haven't got any new on Thursday so you might try tomorrow
Haha, guys.
One thing why im not as much active here is that from my perspective bitcoin is misunderstood by some as money cash cow. And sadly, its indeed this for a few handpicked guys.
What happened in the past weeks just proofed that bitcoin is a pyramid, maybe without wanting to be one, but the fact that we have those massively rich accounts says enough. Im very disappointed with this. Iam also a friend of decentralization, the actual way is not my ideal idea. What i think of bitcoin now is its a great live tested BETA. I really hope some really strong minds create something bigger scalable, more fair, less volatile and less complicated, probably hard asset backed. There are many creative models that could result in different mining devices (what about optimized for nvidia, tesla servers etc???). Also a e-currency backed by lets say gold, who know. Iam sure media has gained a lot attention for the niche.
99% of new coins launched are made from single reason - to make their developers and early adopters as much money as possible and as fast as possible.
In my opinion, you have to have psychic or have supernatural abilities to be able to tell why somebody did something, unless they reveal their motivations.
And in my opinion, it's also irrelevant. If launching an altcoin actually makes somebody money, than that is proof that launching the altcoin was good for the market. If the altcoin made money for its creator, then it must have also profited somebody else. Otherwise, there is no way to make money with an altcoin.
Maybe I should try my hand at launching an altcoin, if it's really that profitable...
Well, we haven't got any new on Thursday so you might try tomorrow
And yet your profile says "Trade TRC, BTE, and LTC at RBCex".
99% of new coins launched are made from single reason - to make their developers and early adopters as much money as possible and as fast as possible.
In my opinion, you have to have psychic or have supernatural abilities to be able to tell why somebody did something, unless they reveal their motivations.
And in my opinion, it's also irrelevant. If launching an altcoin actually makes somebody money, than that is proof that launching the altcoin was good for the market. If the altcoin made money for its creator, then it must have also profited somebody else. Otherwise, there is no way to make money with an altcoin.
Maybe I should try my hand at launching an altcoin, if it's really that profitable...
Jeez that sarcasm.
Sorry but LOL...
If I made you LOL, then I achieved my main goal for today.
In fact, if you enjoyed this thread, maybe I should ask for tips in the altcoin of your choice.
You're out of luck because I don't do altcoin. Sowwie...
:facepalm:
There is definitely a point in line that loads of altcoins could damage an image of Bitcoin in wide public. Something stops to be considered as revolutionary when there's new (or 10) revolutionary clones being made each day.
99% of new coins launched are made from single reason - to make their developers and early adopters as much money as possible and as fast as possible. Cryptocurrency as idea is pretty much dead, cryptocurrency is another word for making money now.
Technically - there's nothing bad in that but greed, so obvious now, might damage stuff in long period.
99% of new coins launched are made from single reason - to make their developers and early adopters as much money as possible and as fast as possible. Cryptocurrency as idea is pretty much dead, cryptocurrency is another word for making money now.
Technically - there's nothing bad in that but greed, so obvious now, might damage stuff in long period.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
I'm going to really LOL if somebody posts their resume.
Shoot, maybe I should post mine. I could do this job, and it wouldn't really damage Bitcoin, and if I could convince a government to pay me to do it, I could buy Bitcoins with the proceeds.
This is pure satire obviously...in reality, if creating a million seperate alt coins would destory bitcoin is like telling 100 third world countries to issue their currency to US citizens, yea thatll stop the dollar!!!
Sorry but LOL...
If I made you LOL, then I achieved my main goal for today.
In fact, if you enjoyed this thread, maybe I should ask for tips in the altcoin of your choice.
Sorry but LOL...
Quick, governments of the world. Bitcoin is a serious threat to your monopoly of the world currency system, and you need to take it down. I am certain it is on your radar, but you probably haven't decided what to do with it, yet.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
Some altcoins have merit. At least litecoin and ppcoin are better in some ways. Bitcoin is doomed because of the energy requirements for PoW, so something must be done to scale.
Quick, governments of the world. Bitcoin is a serious threat to your monopoly of the world currency system, and you need to take it down. I am certain it is on your radar, but you probably haven't decided what to do with it, yet.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
I am picking up on the sarcasm...
Yes, for those who didn't get the memo, I'm not serious.
What I want to say, in serious and non-sarcastic terms is: altcoins don't damage Bitcoin, and you can prove this to yourself by thinking through what would happen if millions of altcoin systems were released.
Now, that doesn't prove that altcoins are fantastic and profitable. I happen to think some of them are, or may prove to be.
Quick, governments of the world. Bitcoin is a serious threat to your monopoly of the world currency system, and you need to take it down. I am certain it is on your radar, but you probably haven't decided what to do with it, yet.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
Fortunately, a serious Bitcoin vulnerability has emerged that you can exploit to destroy Bitcoin. You don't even need to make a large investment in ASIC mining hardware. All you need is one programmer. Here is how to destroy Bitcoin:
Employ one programmer to release new altcoins based on the Bitcoin model. He will likely need some time to study up at first, but after awhile, he should be able to release multiple altcoin clones per day. If you want to buy a small ASIC or even a simple GPU it might help generate genesis blocks faster, but it's not necessary.
Since altcoins damage Bitcoin, all you need to do is flood the market with thousands or millions of altcoin alternatives. You will damage Bitcoin until it ceases to be viable and preserve your interests and the interests of your corporatist cronies / global conspirators / whatever.
I am picking up on the sarcasm...
"Since altcoins damage Bitcoin"
Ehm... Not sure you thought this all the way through.
If someone released " thousands or millions " of altcoins, do you really expect every single one to get a userbase?..
The coins that are released now will die before it hits an exchange and will never be good for anything, so I'm not sure what exactly you think "threaten" BTC.
If someone released " thousands or millions " of altcoins, do you really expect every single one to get a userbase?..
The coins that are released now will die before it hits an exchange and will never be good for anything, so I'm not sure what exactly you think "threaten" BTC.
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