Quote from: CoinHoarder on April 07, 2013, 08:40:48 PM

Quote from: waitingforpizza on April 07, 2013, 08:37:25 PM

Quote from: tgsrge on April 07, 2013, 08:33:43 PM

again the "botnets are coming for you brah" talk...what the fuck, atleast be creative.
also, since the litecoin network hashrate is what it is, any attack that can 51% litecoin can easily be scaled up to 51% bitcoin as well. not to mention that 51% a cryptocoin with a market cap of ~63325172 usd would surely have atleast some spillover effect into the trust-ability of bitcoin as well. Not so smart now, huh?

No, it cannot be scaled up to attack bitcoin nearly as well, because Asic hardware is making botnets unprofitable in bitcoin land. Asics are pushing them out of the market.

LOL... there is no way for a botnet to be "unprofitable"... they have free power bro.

Also, botnets are making plenty of money off of mining LTC as is. They don't want to kill LTC because that would end all future profits from it.. why can't you get this through your head?

I'm not arguing that LTC can't be profitable. I'm arguing that LTC is vulnerable to malicious attack due to the way LTC handles mining. The fact that bot netting is profitable is the whole point.

edit: botnets cost money to purchase and maintain. There is a cost/benefit ratio and as Asics proliferate it will become increasingly more difficult to turn profit with bot nets on the bitcoin chain.