From iang@iang.org Fri Jul 6 02:38:50 2018 From: ianG To: cypherpunks-legacy@lists.cpunks.org Subject: [cryptography] Bitcoin in endgame Date: Fri, 06 Jul 2018 02:38:50 +0000 Message-ID: <172289094970.3849117.14985627468015088609.generated@mail.pglaf.org> MIME-Version: 1.0 Content-Type: multipart/mixed; boundary="===============0353462422475301860==" --===============0353462422475301860== Content-Type: text/plain; charset="utf-8" Content-Transfer-Encoding: 7bit On the crypto topic that everyone loves to hate, Bitcoin, the expected attack has begun. http://financialcryptography.com/mt/archives/001363.html Philipp Guering and I wrote a paper that explains how this will fall out. http://iang.org/papers/BitcoinBreachesGreshamsLaw.pdf Although in the big picture, this is more about finance not cryptography, there is an engaging question - can cryptography be used to control this sort of issue? It didn't work for Bitcoin, but more judicious uses of crypto can do a lot better, and has done with other designs. The challenge is to get the balance right. iang _______________________________________________ cryptography mailing list cryptography(a)randombit.net http://lists.randombit.net/mailman/listinfo/cryptography ----- End forwarded message ----- -- Eugen* Leitl leitl http://leitl.org ______________________________________________________________ ICBM: 48.07100, 11.36820 http://www.ativel.com http://postbiota.org 8B29F6BE: 099D 78BA 2FD3 B014 B08A 7779 75B0 2443 8B29 F6BE --===============0353462422475301860==--