Peer to peer currency generation is something that botnets will love to game - artificially generate cash by using other people's computing power
And the protocol itself might lend itself to such attacks. For example http://www.bitcoin.org/smf/index.php?topic=823 Easy way to debase a currency - allow various folks to generate lots and lots of it Remember, per account limits are easily worked around by scaling to n accounts.. So what we have here is a currency with an artificially propped up value (circulation restricted, small and closed market where it is current ..). Neither market forces, nor significant malicious actors (equivalent to forgers) have made their appearance .. yet. ------Original Message------ From: Sirtaj Singh Kang Sender: [email protected] To: [email protected] ReplyTo: [email protected] Subject: Re: [silk] Bitcoin Sent: May 17, 2011 01:37 On 16-May-11, at 9:34 PM, Alaric Snell-Pym wrote: > You bet: http://bitmunchies.com/ Complete with fractional prices, I love it. The currency is undergoing a bit of a bubble right now, by the way - https://mtgox.com/ At USD 8.373 per bitcoin, the bitcoin economy is theoretically valued at USD 209 million. I have no idea what that means. -Taj. -- srs (blackberry)
