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A comment on Bitcoin hash-rate exceeds total computing power of all the world’s computers. Parent comment

Re:Bitcoin hash-rate exceeds total computing power of all th... by sickpig on Wednesday February 05, 2014 @08:15AM (#7183503)
Really? So what happens if I shut down the central authority?
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Re:Bitcoin hash-rate exceeds total computing power of all th... by betterunix on Wednesday February 05, 2014 @08:41AM (#7183603)
This was already addressed by the research comminuty:

http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.105...

In other words, you can set things up so that no single authority can fail in a way that would cause the entire system to fail. You can have N authorities such that a minimum of K are needed to keep the system working.

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