----- Forwarded message from Peter Thoenen <[email protected]> ----- From: Peter Thoenen <[email protected]> Date: Tue, 17 May 2011 16:00:53 -0700 (PDT) To: lodewijk andré de la porte <[email protected]>, Eugen Leitl <[email protected]> Cc: "[email protected]" <[email protected]>, "[email protected]" <[email protected]> Subject: Re: [silk] Bitcoin X-Mailer: YahooMailWebService/0.8.111.303096
>It is possible for any current governmental agency to hijack the entire >system, due to their access to supercomputer infrastructures and/or immense >budgets. This will however become less and less possible while bitcoin >continues to grow and is already a massive and technological challenge which >I do not see any governmental institutions execute proper. I'm not so sure that's true. Given the network at all times knows the amount of nodes out there (hence the 50%+1 rule for consensus) it would be trivial for a NSA (Nation State Actor, not TLA) to stand up 50%+1 virtual nodes fast enough to gain consensus and usurp the currencies (tokens) if I understand correctly the mechanism for determining legitimate tokens from the EconTalk interview. Am I missing something here? ----- End forwarded message ----- -- Eugen* Leitl <a href="http://leitl.org";>leitl</a> http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE
