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Bitcoin vulnerable to attack, researchers have warned
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The following comments relate to this news article:

Bitcoin vulnerable to attack, researchers have warned

article published on 5 November, 2013

A group of researchers are Cornell University have warned that the Bitcoin system is vulnerable to an attack that could allow a group to gradually take control over it. The flaw, they allege, involves the process by which new Bitcoin is created. Bitcoins are mined by groups of computers working on a cryptographic problem, and at any given moment thousands of machines and many groups can ... [ read the full article ]

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nonoitall
Senior Member
_ 		5. November 2013 @ 16:49 _ Link to this message    Send private message to this user   
Sounds a bit sensationalist. It's always been known that, if a malicious party had sufficient computing power relative to the rest of the network, the network could be manipulated. Thing is, there is a lot of computing power in the network now. As such, exploiting any such weakness would also require an extraordinary amount of computing power. But fortunately, it seems there are already proposed fixes for this unlikely avenue of attack.
[ + quote]
What happens when Microsoft buys Minecraft? Lets see...
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