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Currently Bitcoin mining appears to be profitable as only bubble economics can be. Already some Less Wrong users have purchased GPUs and started mining Bitcoin. Please consider sending some Bitcoins to SI at address 1HUrNJfVFwQkbuMXwiPxSQcpyr3ktn1wc9
2014 Edit: Please donate Bitcoin by using the Bitpay link on MIRI's donate page. Thanks!
What government attack vectors against Bitcoin do you deem most likely to work? (There is probably a discussion thread on the Bitcoin forums on this matter.)
One obvious (and rather covert) method to undermine Bitcoin is to apply sufficient computational power before the computational power of honest users becomes prohibitive. This would permit a wealthy government to perhaps double-spend bitcoins, undermining the entire network.
An overt method would be to join, and then try to track down (via ISPs) the user associated with every public key.
From Wikipedia:
So I would transact the heck out of it and make the database huge. IIRC at the moment every user needs a full copy of the database of every transaction, so if the .g... (read more)