Legislation against the currency could create a black market. I one country goes against the currency, sure others support it, just interests. They are still fighting against piracy.
Gold is going down very fast this days. Someone sais rumors about Chipre Central Bank is selling gold after the rescue. And some time later the new: the first cash machine of bitcoin in Chipre. Coincidence?? May be.
Bring down the whole trust could be a good solution. Can the goverment do it? and.... Does the goverment want to do it? Dificult to answer...
In other hand, this year 2013 D-wave systems sold the second quantic computer that is 4000 times faster in power computing that Intel Xeon E5-2690 2.9 GHz. The bottle neck is the memory access, but futher btc quantics asics will not need it.
Can D-wave systems now a days devlelop quantics btc asics mining and monopolise the bitcoin mining? For sure, they can.
And with ltc? May be now a days they still have the bottleneck problem with the memory access.
I still think that the internet coin of the future will be an open source coin that could be mined by the internet comunity with any kind of central bank.
Topic: Ltc vs Btc against frute force attack (Read 478 times)
I think it incredibly unlikely anyone would invest in ASIC (or any other method) to brute force the currency. for the sake of one transaction or two they could benefit, they'd bring down the whole trust model of Bitcoin, rendering their investment in Bitcoin and the equipment useless.
some fear a government power might do this, but they could if they want choose far more direct and straight forward approaches, f.ex. legislation.
some fear a government power might do this, but they could if they want choose far more direct and straight forward approaches, f.ex. legislation.
Hi guys.
I remember that someone said that the encrypted linux password was very secure because a scrypt algorithm who makes fifty times the RSA, and then there isn't any possible hardware implementation of the force brute attack.
Btc seems to be more secure because higher cryptography, but you can force brute attack it whith the same hardware than you mine it, whith ASIC (Application Specific Integrated Circuit). If you have access to the technology and you have the money to centralize a lot of asics, may be you have de power to attack.
Ltc have less cryptography but is based on a scrypt algorithm, so you can not make a force brute attack with a hardware implementation of the algorithm. Also is more dificult and expensive to get a lot of hardware to try a force brute attack against the scrypt.
Then there is the possibility that ltc is such secure or more than btc.
Then, similar security, transacctions faster, mining whith the GPU'S and not whith ASICs machines that only are used for btc, and accessible for more people who don't have to spend money in new hardware, just with your computer with a good video card.... may be trusted by more people, may be closely to be the open source internet coin against the monopoly.
What do you think?
I remember that someone said that the encrypted linux password was very secure because a scrypt algorithm who makes fifty times the RSA, and then there isn't any possible hardware implementation of the force brute attack.
Btc seems to be more secure because higher cryptography, but you can force brute attack it whith the same hardware than you mine it, whith ASIC (Application Specific Integrated Circuit). If you have access to the technology and you have the money to centralize a lot of asics, may be you have de power to attack.
Ltc have less cryptography but is based on a scrypt algorithm, so you can not make a force brute attack with a hardware implementation of the algorithm. Also is more dificult and expensive to get a lot of hardware to try a force brute attack against the scrypt.
Then there is the possibility that ltc is such secure or more than btc.
Then, similar security, transacctions faster, mining whith the GPU'S and not whith ASICs machines that only are used for btc, and accessible for more people who don't have to spend money in new hardware, just with your computer with a good video card.... may be trusted by more people, may be closely to be the open source internet coin against the monopoly.
What do you think?
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