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esenminer (OP)
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November 05, 2013, 11:07:39 AM
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http://slashdot.org/story/13/11/04/2247258/bitcoin-protocol-vulnerability-could-lead-to-a-collapse

Thought this would be of interest. The jist, I gather, is that due to how the Bitcoin protocol works you only need to control 33% of the mining power to successfully attack the bitcoin network (also see https://en.bitcoin.it/wiki/Weaknesses)

not sure this is even a problem at this point with the current state of the network but interesting...
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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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November 05, 2013, 11:44:03 AM
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Earlier post with same/similar topic here:

https://bitcointalk.org/index.php?topic=325225.0

Quote from: Melbustus on November 05, 2013, 06:12:14 AM
Old and overblown news. Here's the more detailed tech thread on it, which notes, among other things, that the basic idea of this attack has been discussed for 3 years now:

https://bitcointalk.org/index.php?topic=324413.0

Something to be addressed long-term, but not a big deal. This thread's title is pretty misleading once you understand the issue.
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