[silk] Bitcoin

[Alaric Snell-Pym]

On 05/17/11 02:04, Suresh Ramasubramanian wrote:
> Peer to peer currency generation is something that botnets will love
> to game - artificially generate cash by using other people's
> computing power
>
> And the protocol itself might lend itself to such attacks. For
> example  http://www.bitcoin.org/smf/index.php?topic=823
>
> Easy way to debase a currency - allow various folks to generate lots
> and lots of it
>
> Remember, per account limits are easily worked around by scaling to n
> accounts..

Ah, the limit isn't done like that. 50 bitcoin are generated about every
10 minutes, period. The more CPU time you put in, the larger a *share*
of that you get, but the global rate remains the same.

ABS

--
Alaric Snell-Pym
http://www.snell-pym.org.uk/alaric/

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