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Anonymous
Just read about Bitcoin and how it works.
2016-06-21 01:05:49 Post No. 55181595
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Just read about Bitcoin and how it works.
Anonymous
2016-06-21 01:05:49
Post No. 55181595
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This is full of FLAWS! OMG!
So the thing is, what if someone started their own blockchain from scratch. But with a hacked clock.
I know it is impossible to compete in the actual blockchain, because of huge processing power needs.
But what if someone created the blockchain from nothing with a computer with an accelerated clock?
This way the difficulty would be always stay low, as the time to create each block wouldn't trigger the threshold to increase the difficult.
Then someone could create their own blockchain that would be longer than the actual blockchain, thus replacing it. This way someone could override all the other bitcoin and have all of it for themselves.
Bitcoin exposed!!!!!!!!!!!