> Even if the current reality of Bitcoins is that it is dominated by
> "bitbugs" playing games of speculation,

Nice link. I think he captures the hypocricy perfectly.

> as hardware hackers we should
> take interest in the hardware used to perform the mining (which could
> ave more practical applications, as Kurt pointed out), and appreciate
> the beauty of the Bitcoin cryptographic algorithm.

Do you have a link that explains the actual algorithm?

I've got about 1.3 million gates equivalent on an fpga
and a decent processor hooked up to it.

I wonder if it would fit.

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