Can we defend against this?
Panda Mouse.
Yes. have everyone update their p2pool/bitcoind/miners etc to be BIP-aware. There is no "attack" or "problem", there are just miners with outdated, now incompatible software. Ente Is it possible to automatically remove that machine with old software from the network? I see that is a substantial problem. Panda Mouse. Uh? The only person who have a problem is the miner with the old software because he is just mining useless things and wasting power and time. This is only his problem, not our. We mine and get our profit. He just waste time until he decide to update. |
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How did i miss this thread?
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Any press is good, right? At least they’re keeping it in the news and making it current. We’re in trouble if they stop writing about Bitcoin.
Not necessarily. When the only press is completely devoid of facts, insists that it's a scam, or insists that it's only purpose is child pornography and terrorism, then the next step is an uninformed congressman lobbying to "shut it down." (Which, ironically, would make the lies of the sensational press come true.) Exactly how would they go about "shutting it down?" They come in your house and find bitcoin on your computer and arrest you for terrorism and child porn. Then you are in jail. |
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Actually the allegory of the cave is from Plato
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And that's when not even we can change the genesis block, that banks start thinking "oh shi-"
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A wonderful article, well written, that really explains Bitcoin.
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+1 to psy and badbear  |
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Not if they think rigs=$$$
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With such talents why don't you help the bitcoin community be a more secure place? I think the bitcoin project definitely need capable people like you.
Wake up, he helped much more in that way If it take such simple things to write a working malware and actually steal bitcoins, what can happen with a more concerted effort? |
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I was refering to "it shows that the banks assume $2.4B in fraud, and push back $50.2B onto merchants. Per year!" But on the site it says Sources in the financial sector are calling the breach “massive,” and say it may involve more than 10 million compromised card numbers. Sure, maybe it's not true, but maybe the 56k number is a way to hide the truth (a bit like the playstation hack) |
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HUGE numbers!
And this last breach seems serious.
Indeed, Bitcoin is better.
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P2pool is at 390 GH/s now, nice job!
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In that happens, then good luck for bitcoin. Once it get more important and used by more ppl then maybe it can survive such collapse. But right now? There are already only few ppl that use it, with a collapse you happily reduce that amount...
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Dunno... Bitcoin is a high risk investment. When crysis strike, people run away from high risk things and invest in safe things... so i dunno if a collapse would help bitcoin right now.
Also bitcoin require internet and smartphones, if everyone become poor, then much less ppl will be able to use bitcoins...
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ASIC are specific processors, so of course a litecoin asic exist! Litecoin can be mined on a normal cpu, obviously they can be mined on something specifically made to mine them.
Will someone make an ASIC for litecoin? Remember that you need to spend some milions for the masks required to make ASICs. Since Litecoin market is VERY small, how many chances there are you will manage to sell enough asic/mine enough litecoin to repay millions of $ ?
@finway: why do you mix gpu and asic? Seriously, learn what asic is before posting.
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Use MSI Afterburner, work perfectly to underclock 6950 memory clock.
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