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The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
byNoryungi ( 70322 ) writes:
I have a very conflicting view of Bitcoin. Here are a few of my thoughts on the subject:
1- Crypto: how do we know the bitcoin crypto is really good/really secure? Who has done an audit of the code?
Implications: Cryptography is a very hard subject to tackle. Many an encryption scheme has been cracked and left in tatters, that seemed formidable enough at first sight. If the bitcoin cryptography is cracked, then fake bitcoins can be ''mined'' (meaning: created out of thin air) and the whole currency disappears
byKjella ( 173770 ) writes:
3- Obscurity: who is *really* the creator of Bitcoin? Why is he hiding behind a pseudonym?
Implications: Yes, being paranoid here - but, really, who is this "Satoshi Nakamoto"? Please read more here: https://en.bitcoin.it/wiki/Satoshi_Nakamoto [bitcoin.it] before criticizing this position. Essentially, and as long as we do not know who "he" is, the whole bitcoin-is-a-secure-digital-currency could be some very elaborate scam
Not more "scam" than the person who created the first 1000x1000 all ad, no content page, sold it for $1/pixel and made almost a million dollars in the dotcom age. Assuming he created it I also assume he mined lots of the early BitCoins which would, if it became a huge economy, be worth lots of money. At least, it wouldn't have to be more of a scam than BitCoin already is ;)
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