[cryptography] Bitcoin in endgame
iang at iang.org
Wed Feb 22 21:11:12 EST 2012
On the crypto topic that everyone loves to hate, Bitcoin, the expected
attack has begun.
Philipp Guering and I wrote a paper that explains how this will fall out.
Although in the big picture, this is more about finance not
cryptography, there is an engaging question - can cryptography be used
to control this sort of issue? It didn't work for Bitcoin, but more
judicious uses of crypto can do a lot better, and has done with other
designs. The challenge is to get the balance right.
More information about the cryptography