Hacker accidentally almost destroyed bitcoin: anomaly in the world of cryptocurrency

in #btc5 years ago

One of the hackers fraudulently managed to get hold of hundreds of billions of bitcoins. than almost destroyed the cryptocurrency

"One of the creators of bitcoin Satoshi Nakamoto (Satoshi Nakamoto) managed to quickly implement a hard fork of the blockchain network and remove extra bitcoins, and only this saved the future most popular cryptocurrency from death in infancy. As it turned out, the code for checking bitcoin transactions does not work with the release of such a huge number of coins, which was used by the attacker," the report said.

It is noteworthy that the maximum amount of cryptocurrency is limited to only a few million.

"It is assumed that the maximum number of bitcoins can be 21 million, but the hacker created 8,784 times more coins in one transaction than it should have existed. Five hours after the incident, Satoshi released version 0.3.1 of bitcoin, which prevented future attempts to generate coins in the way that the hacker did, and destroyed 184.467 billion "extra" bitcoins," the report said.

As previously reported, bitcoin has huge potential, but it can collapse to the bottom at any time

A similar opinion was voiced by crypto-investor from wall street bill Miller

Representatives of wall street rarely please bitcoin with positive reviews and even more eloquent compliments. Miller, in turn, very flattering spoke about the cryptocurrency, "...as a unique technological experiment."

The founder of the investment management company Miller Value Partners became famous for the fact that the profitability of his investments for 15 consecutive years exceeded the profit from investing in the S & p 500. Noting the high technological capabilities of bitcoin, the investor, however, cautiously reacted to the future of cryptocurrency

"Bitcoin can be very expensive, and can fall to zero," said Miller.

Miller also noted that there is almost no correlation between virtual currencies and stock markets, which makes bitcoin a profitable investment tool.

This position of the businessman fully coincides with the opinion of another well-known expert of digital currencies Anthony Pompliano (Anthony Plompiano), who claims that BTC can become the best investment tool for pension funds during the crisis.

"I'm not a big fan of bitcoin, but I'm closely monitoring this tool, which has a high potential," Miller concluded.

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