There's only a finite amount of mining resources. The free market will prevail if too many alt currencies get 'released', miners will only flock to the most original coins with the greatest promise.
However, it is going to be interesting to see what happens to the price of Bitcoin when Litecoin goes on mtgox. The general public's faith in Bitcoin may become shaken when they realise there is more than just 'Bitcoin' out there.
Topic: Serious Bitcoin vulnerability found! - page 2. (Read 1779 times)
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
And yet your profile says "Trade TRC, BTE, and LTC at RBCex".
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.
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