Post
Topic
Board Bitcoin Discussion
Re: Worst threat to bitcoin
by
Valen
on 01/07/2011, 21:53:03 UTC
obviously it would take a lot of effort/money that probably only a government could pull off.

Right now you dont need a government, only a couple of tens of millions of dollars.

To put that in perspective, only in the USA right now, there are 1 million people that have a net worth of more than 10 million dollars. If a handfull of those wanted to harm bitcoin, they could.

Also the supercomputer argument is a known fallacy. Its a catchy phrase but does not make bitcoin less vulnerable to brute hashing attacks for the moment. The supercomputer argument is debunked in the thread above.


right, i should have said either a government or a person/corporation with substantial funds could do it