Comment Re:Obvious flaw: (Score 1) 491
The assumption that the longest one is the oldest and most reliable is invalid, Since anyone can peer, there's no reason that a peer can't fake itself as 20, 30, 100 peers, and, working on a very fast machine, produce a longer chain quickly than an older peer.
Yeah, just wait until the bot herders get a hold of this. I'm sure they would have no problem either generating huge chains, or just flat out generating coins faster than anyone else.