So basically any government or any wealthy individual (or maybe even anyone with a botnet) could easily muster enough computing power to destroy Bitcoin?
I thought by this point the amount of computing power required to do that was supposed to be ungodly...
Compare the sort of user hardware that a botnet will typically control, vs the hardware that specialist miners run, and you'll see why botnets don't have much chance of upsetting the network. You might earn a few coins, but you'll never take 51%:
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Is this really true?
So basically any government or any wealthy individual (or maybe even anyone with a botnet) could easily muster enough computing power to destroy Bitcoin?
I thought by this point the amount of computing power required to do that was supposed to be ungodly...
Compare the sort of user hardware that a botnet will typically control, vs the hardware that specialist miners run, and you'll see why botnets don't have much chance of upsetting the network. You might earn a few coins, but you'll never take 51%:
https://en.bitcoin.it/wiki/Mining_hardware_comparison#Intel
Merely godly.