From: John Levine #Bitcoin

#014817

November 03, 2008, 01:32:39 PMBitcoin P2P e-cash paper

Replying to: >>014810

Replies: >>014818

> As long as honest nodes control the most CPU power on the network,

> they can generate the longest chain and outpace any attackers.

But they don't. Bad guys routinely control zombie farms of 100,000

machines or more. People I know who run a blacklist of spam sending

zombies tell me they often see a million new zombies a day.

This is the same reason that hashcash can't work on today's Internet

-- the good guys have vastly less computational firepower than the bad

guys.

I also have my doubts about other issues, but this one is the killer.

R's,

John

---------------------------------------------------------------------

The Cryptography Mailing List

Unsubscribe by sending "unsubscribe cryptography" to majordomo at metzdowd.com

“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.”

— Satoshi Nakamoto #Bitcoin

“Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone.”

— Satoshi Nakamoto

Do not forget about 1.8 million Bitcoin most likely lost forever. #Bitcoin

BitcoinTalk #Bitcoin #Satoshi

Re: How divisible are bitcoins and other market/economic questions

2010-02-06 23:25:53 UTC - Original Post - View in Thread

Eventually at most only 21 million coins for 6.8 billion people in the world if it really gets huge.

But don't worry, there are another 6 decimal places that aren't shown, for a total of 8 decimal places internally.  It shows 1.00 but internally it's 1.00000000.  If there's massive deflation in the future, the software could show more decimal places.

If it gets tiresome working with small numbers, we could change where the display shows the decimal point.  Same amount of money, just different convention for where the ","'s and "."'s go.  e.g. moving the decimal place 3 places would mean if you had 1.00000 before, now it shows it as 1,000.00.

No mercy for faketoshi Craig Wright We Are All Satoshi except Craig Wright

We Are All Satoshi except Craig Wright

#introductions