09 Nov '13, 10pm

Bitcoin (Probably) Isn't Broken

"In the wake of the publication of a new academic paper that says there is a fundamental flaw in the Bitcoin protocol that could allow a small cartel of participants to become powerful enough that it could take over the mining process and gather a disproportionate amount of the value in the system, researchers are debating the potential value of the attack and whether it's actually practical in the real world. The paper, published this week by researchers at Cornell University, claims that Bitcoin is broken, but critics say there's a foundational flaw in the paper's assertions. ... The idea of a majority of Bitcoin miners joining together to dominate the system isn't new, but the Cornell researchers say that a smaller pool of one third of the miners could achieve the same result, and that once they have, there would be a snowball effect with other miners joining this carte...

Full article: http://it.slashdot.org/story/13/11/09/229220/bitcoin-prob...

Tweets

Bitcoin isn’t so broken after all. My new blog post explains flaw in Cornell bitcoin-is-broken paper.

Bitcoin isn’t so broken after all. My new blog ...

freedom-to-tinker.com 07 Nov '13, 1pm

There has been a lot of noise in the Bitcoin world this week about a new paper by Ittay Eyal and Emin Gun Sirer (“ES” for ...

Bitcoin Is Not Broken

Bitcoin Is Not Broken

forbes.com 06 Nov '13, 4pm

,’ said two researchers from Cornell University who released a paper to the press this week about a potential flaw in the ...

'Bitcoin is broken', researchers warn

telegraph.co.uk 06 Nov '13, 3pm

Typically, new Bitcoins are generated when groups of miners tackle complicated cryptographic puzzles. The first group to s...

This Is Why Bitcoin Is Fundamentally Broken

This Is Why Bitcoin Is Fundamentally Broken

businessinsider.com 05 Nov '13, 4pm

This protocol works through a process called mining. In essence, the ledger is organized into a single, ordered sequence o...

#Bitcoin is broken.

#Bitcoin is broken.

hackingdistributed.com 04 Nov '13, 5pm

The key idea behind Bitcoin's success is a decentralized protocol for maintaining a global ledger, called a blockchain. Th...

Don’t laugh - Bitcoin is making a serious point...

telegraph.co.uk 09 Nov '13, 10pm

Over the last half-decade, then, the eurozone’s central bank has used QE relatively little compared with its Western count...

Researchers Say 'Bitcoin Is Broken' And Could Collapse

Researchers Say 'Bitcoin Is Broken' And Could C...

businessinsider.com 05 Nov '13, 1am

Emin Gün Sirer/Twitter See Also Meet The Woman HP Has Put In Charge Of Taking Down Its Big Rival: Cisco This Chef Taught ...

If You Believe in Bitcoin, You Should Never Buy Anything in Bitcoin via @slate

If You Believe in Bitcoin, You Should Never Buy...

slate.com 11 Nov '13, 4pm

This pub owner, for example, should not buy anything with Bitcoins. Photo by Sean Gallup/Getty Images This post originally...

If You Believe In Bitcoin, You Should Never Buy Anything In Bitcoin

If You Believe In Bitcoin, You Should Never Buy...

businessinsider.com 10 Nov '13, 10pm

REUTERS/Stephen Lam A chain of block erupters used for Bitcoin mining is pictured at the Plug and Play Tech Center in Sunn...

Bitcoin could go to $1 million

Bitcoin could go to $1 million

businessinsider.com 08 Nov '13, 3pm

It's Bitcoin! The value of the electronic currency Bitcoin has hit a new high of $340. This is not surprising. Earlier thi...

@TheStalwart

businessinsider.com 06 Nov '13, 11pm

Bitcoin is back in the news, as the digital currency has surged to new all-time highs in recent weeks. A few weeks ago, it...

Australian Bitcoin bank hacked: $1m+ stolen

theage.com.au 08 Nov '13, 2am

Taken: the operator of an Australian Bitcoin wallet service says hackers made off with more than $1 million worth of custo...

'Bitcoin is an emergent system, doesn't require...

youtube.com 09 Nov '13, 7am

The cyber-currency Bitcoin has suffered a serious setback after it emerged more than a million dollars of it was stolen fr...

Australian Bitcoin bank hacked: $1m+ stolen

Australian Bitcoin bank hacked: $1m+ stolen

smh.com.au 08 Nov '13, 2am

Taken: the operator of an Australian Bitcoin wallet service says hackers made off with more than $1 million worth of custo...