Poor genetics and savage beatings from my father have left me with a brain that only functions at 20% of the level that most people operate with. With that in mind, please use small words to explain to me the consequences that this whole ASIC thing will have on Bitcoin. Also, how many Butterfly Labs 15,000Mh/s thingies have you preordered?
the v0.7/0.8 transaction fork kind of caused one.. but it bounced back up pretty quickly..
Botnet mining
In June 2011, Symantec warned about the possibility of botnets engaging in covert "mining" of bitcoins,[61][62] consuming computing cycles, using extra electricity and possibly increasing the temperature of the computer. Later that month, the Australian Broadcasting Corporation caught an employee using the company's servers to generate Bitcoins without permission.[63] Some malware also uses the parallel processing capabilities of the GPUs built into many modern-day video cards.[64] In mid August 2011, Bitcoin miner botnets were found;[65] less than three months later bitcoin-mining trojans infecting Mac OS X were discovered.[66]