[cryptography] Bitcoin in endgame

James A. Donald jamesd at echeque.com
Thu Feb 23 02:18:30 EST 2012

On 2012-02-23 12:11 PM, ianG wrote:
> 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

botnets cannot compete with legit miners, because to get a reasonable 
return, you need to mine with a graphics card, and while mining with 
graphics card, your graphics goes to hell, which will cause the most 
slow witted owner of a zombie computer to do something.

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