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Comment: Re:Is there a way to generate value besides mining (Score 1, Interesting) 256

by hawkeyeMI (#45331643) Attached to: Bitcoin Protocol Vulnerability Could Lead To a Collapse
You can't establish value in a distributed fashion any better than with proof of work (that we know of right now). For a stupid alternative, look at ppcoin, which plans to eventually rely on "proof of stake" but currently relies primarily on proof of work.

Comment: NBD (Score 5, Interesting) 256

by hawkeyeMI (#45331589) Attached to: Bitcoin Protocol Vulnerability Could Lead To a Collapse
This attack would be very, very difficult to achieve. Doesn't seem very worrying and I'm sure it'll be fixed well before it becomes an issue. There are already some pretty good discussions on /r/Bitcoin/ covering why it's not as big a deal as the sensational headline here makes it out to be.

"If value corrupts then absolute value corrupts absolutely."

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