The Feds testified exuberantly in favor of Bitcoins yesterday, driving the BTC price through the roof to $900 USD. This is my quick reaction to what happened and what we should do about it.
Fairweather mining has been suggested to argue that selfish mining would be a short-lived strategy, but fairweather mining analysis is flawed because it does not take proofs of work into account.
We discovered an attack against the Bitcoin mining protocol that can have a significant impact on the Bitcoin community.
Emin Gün Sirer
Hacker and professor at Cornell, with interests that span distributed
systems, OSes and networking. Current projects include HyperDex, OpenReplica
and the Nexus OS. more...