Tag Archives: Bitcoin Exchange

Bitcoin Exchange Scam – Bitcoins Are Now Worthless

Bitcoin Exchange

After considerable thought, I’ve decided to put the Bitcoin Exchange Scammer comment back up as I believe it’s in the public interest, especially so given recent events on Bitcoin Exchanges.

For those unaware, every now and then, I receive a comment through the wonderfully inefficient Nerdr.com spam filter from someone who couldn’t quite find my email address.  That’s fine and most times it’s a small fire that’s quickly put out, or a start-up proposal to consider. All good fun.

Yesterday was a little different.  Continue reading

Shutting Down Bitcoin – Taking Down The Bitcoin Network

The Bitcoin Network has 4 key points of weakness. Namely:

  • The Wallet Software.
  • The Trail.
  • The Public Data set.
  • The Exchange.

What follows is a quick discussion of how each of these components may be compromised individually and thus possibly result in the collapse of the Bitcoin currency system as a whole as a viable alternative currency. Continue reading