Bitcoin Security Musings
Jon Callas talks about Bitcoin's security model, and how susceptible it would be to a Goldfinger-style attack (destroy everyone else's bitcoins).
Posted on March 16, 2012 at 1:15 PM
Owning ALL the bitcoins would be pointless - but if you were able to do a quick targeted attack there is an arbitrage opportunity.
If you had a number of contracts for bitcoins and managed to reduce supply enough for the price to rise AND you held enough to satisfy demand yourself then there could be a win.
Photo of Bruce Schneier by Per Ervland.
Schneier on Security is a personal website. Opinions expressed are not necessarily those of IBM Resilient.