On Mon, May 16, 2011 at 01:09:50PM +0200, Srini RamaKrishnan wrote: > I don't know much about BitCoin, but my initial thoughts were that > this is unenforceable as an alternative monetary standard without a > global power behind it. The US dollar effectively left the Gold
That's exactly 100% backwards. If it succeeds, it's because it lies outside of invididual's and group meddling. However, this is a prototype. Getting distributed cryptographic systems fool-proof is a hard problem. I would be very, very surprised if Bitcoin would be sufficiently hardened against attacks, especially large scale sophisticated attack. > standard to adopt the Nuke standard. Anyone who desires an alternative > global standard currency will have to challenge the military supremacy > of the powers that be. > > I'll be interested when Bitcoin acquires Nukes :-) -- Eugen* Leitl <a href="http://leitl.org";>leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE
