[EM] A secure distributed election scheme based on Bitcoin's Proof-of-Work protocol
Warren Smith
warren.wds at gmail.com
Sat Jun 18 15:14:57 PDT 2011
> Barring algorithmic breakthroughs (like a discovery of a way to find SHA-256
> collisions that is much faster than brute search), it seems extremely
> implausible to me that any one entity would ever amass enough advanced
> technology to out-compute the entire Bitcoin mining community - or would
> even want to if they could.
--you say this, and in practically the same breadth you also post you
consider it reasonably likely the ENTIRE WORLD MONEY SUPPLY will be
bitcoins.
I dunno, does that sound like a little incentive to misbehave and
outcompute, to you?
Not want to?
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