Nenolod, the guy that wants to prove Bitcoin doesn't work.

3 messages wobber, Satoshi Nakamoto July 17, 2010 — July 18, 2010
wobber July 17, 2010 Source · Permalink

So this guy has about 1000 cores generating bitcoins. About 10% of the total amount fo BTC. His name is William Pitock aka Nenolod http://twitter.com/nenolod

What do you think? If he cannot prove the system isn’t sustainable, he wins, because he will have lots of bitcoins. If he does, we all loose.

I hope he will post here, as we discuss HIS ACTIONS and not HIS PERSON. Also, I hope he will pay me 31337 bitcoins at this address 1EZdM6HBRn4BQNa2Bqcyh47fQWYFS5Ujr3 so I can prove him he’s wrong.

Please discuss the issue.

Satoshi Nakamoto July 17, 2010 Source · Permalink

0.3.2 has some security safeguards to lock in the block chain up to this point and limit the damage a little if someone gets 50%.

But if someone has 50%+ of the CPU power and malicious intent, they can prove what it already says in the design document.

Satoshi Nakamoto July 18, 2010 Source · Permalink

Typically, over 25,000 BTC.