https://en.bitcoin.it/wiki/Incidents#CVE-2010-5139Do elaborate, please
Interesting read. I know a big exploit in it right now which could crash BTC to $1/1btc, but I haven't showed anyone it, I don't plan on it.
Not to mention the issue with 51% hash rate would cause.
http://bitcoin.org/bitcoin.pdf (section 6, last paragraph)The incentive may help encourage nodes to stay honest. If a greedy attacker is able to assemble more CPU power than all the honest nodes, he would have to choose between using it to defraud people by stealing back his payments, or using it to generate new coins. He ought to find it more profitable to play by the rules, such rules that favour him with more new coins than everyone else combined, than to undermine the system and the validity of his own wealth.
And? Not everyone plays by the rules.... Just because they hope it doesn't happen, won't stop it from happening. And when it happens the market will fall. Just like it has every other month when someone hacks an exchange. I am very familiar with bitcoins and have been following their progression since the beginning.
Because I didn't understand what you meant by "we allow our customers to pay via bitcoin but we do not accept that". I think it would have been clearer if you just said that you accept bitcoin but price your products in USD.Then why did you ask if you already know that?