[cryptography] Bitcoin in endgame

[ianG]

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
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Eugen* Leitl <a href="http://leitl.org">leitl</a> http://leitl.org
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