Monday, November 7, 2011

DEFCON 19: Hacking the Global Economy with GPUs or How I Learned to Stop Worrying and Love Bitcoin

Speaker: Skunkworks

In the post 9/11 era when it's nearly impossible to buy a pack of gum without alerting the big three credit bureaus, you may think that anonymity is long gone from the economy. That's where bitcoin comes in. Bitcoin is a decentralized peer-to-peer currency based solely on computing power. It is (mostly) untraceable and highly anonymous, not backed by any banks or companies, and in the words of Jason Calacanis "the most dangerous project we've ever seen". In my talk I'll explain what bitcoin is and isn't, and why this 70+ PetaFLOP network has caught the attention of everyone from The Washington Post and MSNBC to Wikileaks and the EFF.


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