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Topic: General Discussions (Read 1492485 times) previous topic - next topic
ElwoodBlues1 and 1 Guest are viewing this topic.

Re: General Discussions

Reply #345 –
Is the Joffa stuff in any way cheersquad related or is it completely outside of the club?

Re: General Discussions

Reply #346 –
Quote from: kruddler – on
Is the Joffa stuff in any way cheersquad related or is it completely outside of the club?
Allegedly occurred in Coburg
2021-Pi$$ or get off the pot
2022- Real Deal or more of the same? 0.6%
2023- "Raise the Standard" - M. Voss Another year wasted Bar Set
2024-Back to the drawing boardNo excuses, its time
2025-Carlton can win the 2025 AFL Premiership

Re: General Discussions

Reply #347 –
A note of warning to Bitcoin hoarders and other crypto-currency apparatchiks.

The moment a nefarious global authority gets a functioning general purpose quantum computer, your old style encryption crypto-currency is exactly worthless, you may as well walk out the front door and throw your cash onto the road!

It's a matter of when not if!
"Extremists on either side will always meet in the Middle!"

Re: General Discussions

Reply #348 –
Quote from: LP – on
A note of warning to Bitcoin hoarders and other crypto-currency apparatchiks.

The moment a nefarious global authority gets a functioning general purpose quantum computer, your old style encryption crypto-currency is exactly worthless, you may as well walk out the front door and throw your cash onto the road!

It's a matter of when not if!
A lot of the smarter bitcoin operators have been selling, Elon Musk deciding to exclude Bitcoin as a payment method for his beloved Teslas after intially championing the idea really knocked the Bitcoin price and the Bitcoin movement.

Re: General Discussions

Reply #349 –
There are much better ways to make money... ;)
I'm helping out a Nigerian Prince who is struggling to access his finances.
He's going to put it into my account and leave me a share when he takes it out. :D

Re: General Discussions

Reply #350 –
Quote from: Lods – on
There are much better ways to make money... ;)
I'm helping out a Nigerian Prince who is struggling to access his finances.
He's going to put it into my account and leave me a share when he takes it out. :D
I know that guy, he contacted me also. Gee he gets around and has plenty of cash.
2021-Pi$$ or get off the pot
2022- Real Deal or more of the same? 0.6%
2023- "Raise the Standard" - M. Voss Another year wasted Bar Set
2024-Back to the drawing boardNo excuses, its time
2025-Carlton can win the 2025 AFL Premiership

Re: General Discussions

Reply #352 –
Quote from: ElwoodBlues1 – on
A lot of the smarter bitcoin operators have been selling, Elon Musk deciding to exclude Bitcoin as a payment method for his beloved Teslas after intially championing the idea really knocked the Bitcoin price and the Bitcoin movement.

Elon was a dunce.

His whole business model is based on green energy and renewables.  Mining crypto uses ALOT of electricity.  So much that it made no sense for him to get into that.
"everything you know is wrong"

Paul Hewson

Re: General Discussions

Reply #354 –
And so ends the reign of cryptocurrency.

US seizes $2.3 million Colonial Pipeline paid to ransomware attackers
Funds seized after Justice Department IDs Bitcoin wallet and obtains its private key.

Once the US Feds have done this once, they can do it again anywhere, anytime and to anybody!
"Extremists on either side will always meet in the Middle!"

Re: General Discussions

Reply #355 –
And pretty to watch.  Hope millions get burnt.

Re: General Discussions

Reply #356 –
Quote from: capcom – on
And pretty to watch.  Hope millions get burnt.
They'll hide how they've done this, they'll claim it was an informant, but I doubt it.

Just to find somebody they had to crack encryption, but just like Enigma during the WW-II they'll claim they captured the data they needed.

Now they can just sit and watch and make notes before acting at will, in a manner that just looks like bad luck to the targets. Like Germany thinking it's U-Boats missing transport ships was just down to weather patterns and coincidence.

For popular Apps there is a fundamental problem with all encryption, the more you use it the more vulnerable it is as every message and file is a hint to how to unravel it!
"Extremists on either side will always meet in the Middle!"

Re: General Discussions

Reply #357 –
I dont think you understand encryption and private keys very well LP.

Irrespective, quantum computing is likely the reason they could crack the encryption.  What previously took years will take minutes.

Thats why you wont find out how they cracked it.
"everything you know is wrong"

Paul Hewson

Re: General Discussions

Reply #358 –
Quote from: Thryleon – on
I dont think you understand encryption and private keys very well LP.

Irrespective, quantum computing is likely the reason they could crack the encryption.  What previously took years will take minutes.

Thats why you wont find out how they cracked it.
I suspect your trust in Bitcoin's encryption might be a tad over-stated, as is the general faith in digital systems, anyone who does enough scientific computing knows the problems I refer to, so they generally do not comply 100% to the math that designed them. Certain points values can overflow which becomes a tell for cryptographers, this can also be device dependant, with various platforms having different weakness. It's no different to when Diffie-Hellman was cracked, that wasn't brut force it was a math issue with digital systems. Collect enough data and these regular patterns of conversion between analogue math and digital algorithms becomes more obvious as artefacts in the data.

So I wouldn't ignore the possibility that authorities might be able to seed the ledger with certain data and from that derive some critical knowledge of the blockchain. Not much different in method to how Turing and others broke Enigma and Lorenz. I appreciate it's a bigger problem, but it's not beyond state level actors.
"Extremists on either side will always meet in the Middle!"

Re: General Discussions

Reply #359 –
Quote from: LP – on
I suspect your trust in Bitcoin's encryption might be a tad over-stated, as is the general faith in digital systems, anyone who does enough scientific computing knows the problems I refer to, so they generally do not comply 100% to the math that designed them. Certain points values can overflow which becomes a tell for cryptographers, this can also be device dependant, with various platforms having different weakness. It's no different to when Diffie-Hellman was cracked, that wasn't brut force it was a math issue with digital systems. Collect enough data and these regular patterns of conversion between analogue math and digital algorithms becomes more obvious as artefacts in the data.

So I wouldn't ignore the possibility that authorities might be able to seed the ledger with certain data and from that derive some critical knowledge of the blockchain. Not much different in method to how Turing and others broke Enigma and Lorenz. I appreciate it's a bigger problem, but it's not beyond state level actors.

Sorry mate. You cant simplify it like this without an inherent understanding of exactly how it operates.

FYI, I am doing a Cyber security course right now and we have looked at hashing, salting, how it works, and that it is very much a one way function involving private and public keys. 

As for my trust in bitcoin, I have none, I am/have purchasing/purchased none, and quantum computing, will render it worthless, because what takes years to create on the blockchain, will take minutes to solve on a quantum computer.

Have a go at this for a bit and think about what I am saying.

http://nmichaels.org/rsa.py





"everything you know is wrong"

Paul Hewson