Quote from: johnmtl on September 08, 2012, 11:31 pmman this stuff to me a computer rookie is like trying to explain to a wild tiger that the zebra is its friend... this shit is so complex I dont think anyone really knows what the fucks is going on....As for attacking btc... can you please elaborate further.. is this possible... what if I want to trade btc like a day trader.. are you saying if I,m playing around and trying to make some money flipping btc one day i could wake up and all my btc are gone?????is that even possible..Attacking Bitcoin IS possible, yes, but it would require the attacker to control enough of the hashing power of the network to perform a 51% attack.I'm currently far too tired to type out an explanation of all that this would entail (this computer screen is burning into my brain as we speak!) but you can read up on Bitcoin threats at the following (clearnet) links:https://www.privateinternetaccess.com/blog/2012/03/bitcoin-war-the-first-real-threat-to-bitcoin/http://gavintech.blogspot.ie/2012/05/neutralizing-51-attack.html(by Gavin Andresen, the Bitcoin project leader)https://en.bitcoin.it/wiki/Weaknesses(the Bitcoin Wiki)http://bitcoin.stackexchange.com/questions/658/what-can-an-attacker-with-51-of-hash-power-doSorry I can't summarise it all here; if I tried it would probably end up being terribly confusing!- grahamgreene