49 points firstcomm 2 hours ago 37 comments
spottedmarley 2 hours ago | parent
warkdarrior 1 hour ago | parent
_ink_ 1 hour ago | parent
spottedmarley 1 hour ago | parent
tzone 1 hour ago | parent
We are talking billion dollars+ worth in a single address. So if either chainskey security is compromised in a way that it is conceivable to brute force it, there will definitely be plenty of targets.
search_facility 1 hour ago | parent
Lerc 1 hour ago | parent
what 1 hour ago | parent
plesiv 1 hour ago | parent
tptacek 1 hour ago | parent
contingencies 1 hour ago | parent
nextaccountic 1 hour ago | parent
cidd 1 hour ago | parent
EA-3167 1 hour ago | parent
notnullorvoid 1 hour ago | parent
palmotea 1 hour ago | parent
Aren't hashes far less reliant on math tricks?
My understanding is the problem with public-key crypto is it extremely reliant on a single math trick (e.g. the factoring problem), so if it turns out that trick was weaker than was assumed, the whole thing crumbles.
tptacek 1 hour ago | parent
MattPalmer1086 1 hour ago | parent
jMyles 1 hour ago | parent
Hashes are so simple. There's no place for these crazy math attacks, which rely on rethinking long-standing and otherwise reasonable assumptions, to hide.
Surely we can all agree that there's no way to reverse a modulus.
dist-epoch 1 hour ago | parent
tptacek 41 minutes ago | parent
simonw 1 hour ago | parent
I wouldn't be worrying about the algorithms so much as I'd worry about all of the end-users who are going to get their keys stolen and their wallets drained thanks to the deluge of new vulnerabilities in operating systems, browsers, wallets, personal agents and other software.
j2kun 1 hour ago | parent
dist-epoch 1 hour ago | parent
int32_64 1 hour ago | parent
What good are strong cryptography primitives for cryptocurrency if your "CEO" can successfully make calls to reorganize the chain?
gumby 22 minutes ago | parent
I know, at the micro level some people would lose their money, but does bitcoin (or any cryptocurrency) have any practical, legitimate use with visible impact on the global economy (or even the national eonomy of any country with major footprint)? And I'd be sad for some of those people. but would it have any impact that I would notice? My money is in broad, boring index funds.
gucci-on-fleek 1 minute ago | parent
I've read anecdotes on HN that it's used quite a bit for remittances to some countries with unstable currencies, but my understanding is that nearly all of these users are immediately converting it to the local currency, so the only money at risk would be that which is in active transit. It would definitely be unfortunate to lose any money being transferred, but remittance recipients don't tend to have any savings at all, so I don't think that it would have any broader economic effects (talking only about this specific example).