On: Bitcoin-NG: A Secure, Faster, Better Blockchain

[lectrick]

> it's discovered to have an incurable security flaw.

AFAIK, that's not possible. Secure hashing algorithms tend to fracture instead of completely break, so there will be some warning; to change to a new algorithm, simply more than 50% of the Bitcoin miners would have to mine on the chain that relies on that new algorithm, and it thus becomes "voted" in.

[copsarebastards → lectrick]

> > I don't see Bitcoin dying unless (until?) it's discovered to have an incurable security flaw.

> AFAIK, that's not possible.

That's an incredibly stupid thing to say. Please don't comment on topics you're ignorant on; you're spreading misinformation.

Obviously the hashing algorithm is one of the stronger points in bitcoin's implementation; that's completely irrelevant.