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<p>[QUOTE="InfleXion, post: 1685870, member: 29012"]Yes, it is even acknowledged by the creator. The BitCoin peer to peer network has a historical chain of transactions that is kept forever. New transactions added to the chain are validated by the active clients. If the number of clients wishing to manipulate the currency (would likely need to be reverse engineered clients to modify the code) outnumbers the honest clients then the manipulators can create fake transactions. Not as hard to do on a localized network where all clients are controlled, but the false chain would be invalidated if those BitCoins tried to enter the public network which would be necessary for use. For the rich and powerful or maybe the very, very smart it is possible. If someone had control of an Internet worm that would go a long way.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1685870, member: 29012"]Yes, it is even acknowledged by the creator. The BitCoin peer to peer network has a historical chain of transactions that is kept forever. New transactions added to the chain are validated by the active clients. If the number of clients wishing to manipulate the currency (would likely need to be reverse engineered clients to modify the code) outnumbers the honest clients then the manipulators can create fake transactions. Not as hard to do on a localized network where all clients are controlled, but the false chain would be invalidated if those BitCoins tried to enter the public network which would be necessary for use. For the rich and powerful or maybe the very, very smart it is possible. If someone had control of an Internet worm that would go a long way.[/QUOTE]
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