Latest topics
Concern About Bitcoin
3 posters
Page 1 of 1
Concern About Bitcoin
hey guys as you know im a big fan and proponent of bitcoin. apparently something concerning happenned yesterday though. i guess basically the security of bitcoin is the large number of miners and people on bitcoin which makes it "nearly" impossible to defraud the system, spend the same bitcoin twice, etc. someone would have to mine more than 51% of the coins to be able to manipulate the system. some big miner or company was able to reach something like 43% or 46% which is dangerously close to that 51% threshold.
ill post the article below. i dont think its as big a deal as its being made out to be but is concerning
http://qz.com/165273/the-existential-threat-to-bitcoin-its-boosters-said-was-impossible-is-now-at-hand/
ill post the article below. i dont think its as big a deal as its being made out to be but is concerning
http://qz.com/165273/the-existential-threat-to-bitcoin-its-boosters-said-was-impossible-is-now-at-hand/
livingintheloop69- Forum Friend
- Posts : 114
Join date : 2013-12-09
Re: Concern About Bitcoin
Might be significant, but perhaps not. Keep in mind if man can devise it, someone else can, and will find a way around it. That is always the way it has been in cryptology, and that is the way it will always be.
*****************
Trust but Verify --- R Reagan
"Rejoice always, pray without ceasing, in everything give thanks; for this is the will of God in Christ Jesus for you."1 Thessalonians 5:14–18
Kevind53- Super Moderator
- Posts : 27254
Join date : 2011-08-09
Age : 24
Location : Umm right here!
Re: Concern About Bitcoin
on a totally seperate note i know alot of dinarians are into secrecy or confidentiality, etc.Kevind53 wrote:Might be significant, but perhaps not. Keep in mind if man can devise it, someone else can, and will find a way around it. That is always the way it has been in cryptology, and that is the way it will always be.
for those who dont know about cryptology and basically coding messages look into pgp. stands for pretty good privacy, basically a way to encrypt your email messages or even messages to other membes on forums. basically you have a public key and a private key. you give your public key to others, they encrypt their message and then send it to you, you use your private key to decrypt their message.
has some very good practical purposes like if you had to emaili someomen your social or a cc number but heck even just kinda cool to mess around with.
i just started getting into this. if anyone is curious kleopatra is the most popular free program to do this but i found it very confusing. i use portable pgp. if anyone is interested feel free to message me. i know when i first started doing this i didn't know if i was doing things right or how to do certain things. id' be happy to help anyone out, i can send you a message and see if you can decrypt it. just kinda fun thing to mess around with. it may have some more practical purposes for osme of you who own or run businesses or for other things
livingintheloop69- Forum Friend
- Posts : 114
Join date : 2013-12-09
Re: Concern About Bitcoin
Considering how unstable BTC value is, for some it's more sensible to use plain dollars for now. But if you find it as a potential investment, go ahead and take the risk. They say that the investors who are avoiding bitcoin will realize soon that they missed the train; couldn’t agree more on that.
judywhite- New Member
- Posts : 12
Join date : 2014-01-14
Location : United Kingdom
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
Fri Apr 26, 2024 11:16 am by kenlej
» Phony Tony sez: Full Steam Ahead!
Sat Apr 13, 2024 11:51 am by Mission1st
» Dave Schmidt - Zim Notes for Purchase (NOT PHYSICAL NOTES)
Sat Apr 13, 2024 11:45 am by Mission1st
» Russia aren't taking any prisoners
Fri Apr 05, 2024 6:48 pm by kenlej
» Deadly stampede could affect Iraq’s World Cup hopes 1/19/23
Wed Mar 27, 2024 6:02 am by Ditartyn
» ZIGPLACE
Wed Mar 20, 2024 6:29 am by Zig
» CBD Vape Cartridges
Thu Mar 07, 2024 2:10 pm by Arendac
» Classic Tony is back
Tue Mar 05, 2024 2:53 pm by Mission1st
» THE MUSINGS OF A MADMAN
Mon Mar 04, 2024 11:40 am by Arendac
» Minister of Transport: We do not have authority over any airport in Iraq
Mon Mar 04, 2024 11:40 am by Verina
» Did Okie Die?
Mon Mar 04, 2024 11:34 am by Arendac
» Hello all, I’m new
Wed Jan 31, 2024 8:46 pm by Jonny_5
» The Renfrows: Prophets for Profits, Happy Anniversary!
Wed Jan 31, 2024 6:46 pm by Mission1st
» What Happens when Cancer is treated with Cannabis? VIDEO
Wed Jan 31, 2024 8:58 am by MadisonParrish
» An Awesome talk between Tucker and Russell Brand
Wed Jan 31, 2024 12:16 am by kenlej
» Trafficking in children
Mon Jan 29, 2024 7:43 pm by kenlej
» The second American Revolution has begun, God Bless Texas
Mon Jan 29, 2024 6:13 pm by kenlej
» The Global Currency Reset Evolution Event Will Begin With Gold, Zimbabwe ZWR Old Bank Notes
Sun Jan 28, 2024 3:28 pm by Mission1st
» Tucker talking Canada
Wed Jan 24, 2024 6:50 pm by kenlej
» Almost to the end The goodguys are winning
Mon Jan 22, 2024 9:03 pm by kenlej