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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