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A rogue member...is suspected...untraceable...favoured by web activists and hackers....could cost members of LulzSec and fellow collective Anonymous thousands of dollars each...drove the value of the currency down almost to zero...The idea was created in 2009 by a Japanese programmer..enerated by a mathematical algorithm after computers complete a certain number of complex calculations...Some of the most experienced members of the Anonymous and LulzSec hacker collectives are believed to have had "botnets".
Great journalism, indeed!
We know botnets can get really big if they're run by clever people. The question I have is, if someone creates a clever botnet and turns it on once mining has become unattractive financially to those who pay their own electric bills, isn't getting over 50% pretty feasible?
If a botnet guy would get over 50% network power (which I found unfeasible since machines with decent GPU performance are usually not in the hands of computer illiterate people), they would already make so much money off it that they wouldn't even need to cheat. 1000 btc roughly every 2 weeks, that's between 10k - 20k USD depending on how the price will move after mtgox reopens.