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Old 04-03-2011, 10:38 PM  
cam_girls
So Fucking Banned
 
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Join Date: Apr 2009
Posts: 2,968
Quote:
Originally Posted by MyBitcoin View Post
Bitcoin is P2P. There is no way to monopolize it.
You misinterpreted my statement.

What if IMONEY.COM runs a similar peer to peer system
and millions flock from bitcoin to IMONEY.COM and the
value of bitcoins drops from 98c to 0.000000001c ?

Not only that, the p2p software is centralised.



Quote:

Bitcoin uses SHA-256 and ECC.


Why wouldn't I? Bitcoin is open source and the whitepapers are free to download.

For 1 you just skimmed my post for keywords and didn't answer that either.
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