[Cryptography] Bitcoin attack

[Phillip Hallam-Baker]

This will give the NSA something to do with all that crypto hardware they
bought with taxpayer money that is going to be rendered useless by
deployment of pervasive crypto. They can mine the bitcoin pool to
exhaustion and shut the system down or they could attempt to preserve the
viability of the system by limiting their extraction rate to a 'tax'.




On Tue, Nov 5, 2013 at 4:31 AM, Marcel Popescu <mdpopescu at gmail.com> wrote:

> Have you guys seen this? http://arxiv.org/abs/1311.0243
>
> I'm a layman in the field, I have no clue on how to analyze it. I'm just
> bringing it up in case anyone else here cares about the subject.
>
> Marcel
>
>
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