Post
Topic
Board Bitcoin Discussion
Re: Impact of ASICs on Bitcoin security
by
crumbs
on 02/07/2013, 20:25:40 UTC
[...]
I dont think that the cost/risk/reward is there, since there are many other digital currencies and users could potentially just migrate (Mt Gox would be a perfect example)

Always good to keep doing the math though.

This is all based on the assumption that BFL are incompetent.  They're not Shocked  thousands of 500Gh/s rigs are filling the racks of air conditioned data centers, waiting for that fateful flip of the switch.  Bwahaaaa Angry