You stopped my post just in time!

Red, thanks for telling me privately first!  Please go ahead and post it (and relieve the suspense for everyone!)

His point is that transactions paid to a Bitcoin Address are only as secure as the hash function.  To make Bitcoin Addresses short, they are a hash of the public key, not the public key itself.  An attacker would only have to break the hash function, not ECDSA.

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https://bitcointalk.org/index.php?topic=571.msg5724#msg5724