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Old 04-03-2011, 11:57 PM  
MyBitcoin
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Join Date: Nov 2010
Posts: 50
Quote:
Originally Posted by SL0H0ES View Post
What's to stop people from using botnets to generate bitcoins?
Nothing.

This will sound strange at first but a botnet actually strengthens the network. I'm serious.

A "botnet miner" would initially cause a little bit of inflation until the network adjusted the mining difficulty.

The miner would most likely sell the coins for dollars. This would increase the market capitalization of Bitcoin. ("More money in the system").

The additional crypto operations available to the network would strengthen the block chain (the ledger) from forgery or attack from other botnets.

This is all in the Bitcoin whitepaper (PDF), as written by Satoshi Nakomoto. It's available on bitcoin.org
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