[ExI] Kevin Dowd on Bitcoin

[Harvey Newstrom]

It is pointless to debate whether the 51% attack exists.  It is a well-known Bitcoin flaw.

The Bitcoin FAQ concedes:
"However, a majority of miners could arbitrarily choose to block or reverse recent transactions."
https://bitcoin.org/en/faq#could-users-collude-against-bitcoin

Google it for yourselves:
https://www.google.com/#q=Bitcoin+51%25+attack

Sheesh.

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Harvey Newstrom   www.HarveyNewstrom.com