[cryptography] Bitcoin in endgame

ianG 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.

http://financialcryptography.com/mt/archives/001363.html

Philipp Guering and I wrote a paper that explains how this will fall out.

http://iang.org/papers/BitcoinBreachesGreshamsLaw.pdf

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.

iang



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