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I Am Not Satoshi Nakamoto

schneier.com

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Re: I Am Not Satoshi Nakamoto

#101

Post by shakna »

toolz wrote: post #99
shakna wrote: post #94

Earlier quoted context omitted.

It's not more accessible - and instant (10-30ms) is sort of hard to beat in terms of speed. (Instant is guaranteed for PayID if you have one transaction to that address ever).

so payID, something not all countries have today can match the speed of crypto, can't match the fees and have a huge block on 1st time transactions. crypto wins there - payID sounds like it's been something that should've existed decades ago, but crypto has solved this problem and done a better job and yes it absolutely is more accessible - everywhere except maybe countries that make buying crypto illegal

You can signup to PayID and transfer in the time it takes a waitress to get to your table in around 80% of the known world. How does crypto beat that accessibility? (And it's been around since '02. The US was the last major hold out.)

Re: I Am Not Satoshi Nakamoto

#102

Post by [deleted] »

tptacek wrote: post #95
SavantIdiot wrote: post #82

Earlier quoted context omitted.

Not quite: he doesn't trust the constants . That's a big difference. He believes based on reading secret Snowden papers that the NSA has manipulated them via relationships with the industry. There are other curves that are NOT from NIST, like C25519, that are popular. In fact, the twisted edwards curve computation variant is also growing, which isn't the "traditional" (does that even make sense?) elliptic curve. Now…

My feeling is that I could back up both of these statements; the one you made, but also the one I made. He was saying these things before Snowden. And: again, just look at what he's published. He's not Satoshi. (The NIST P-curves aren't backdoored.)

[deleted]

Re: I Am Not Satoshi Nakamoto

#103

Post by zamadatix »

AnonC wrote: post #93

The linked article [1] from 2019 has this: > Honestly, cryptocurrencies are useless. They're only used by speculators looking for quick riches, people who don't like government-backed currencies, and criminals who want a black-market way to exchange money. I guess “cryptocurrencies” could be replaced in this paragraph by many other things (past, present and forthcoming) that allow exchange of value and this would rin…

> I guess “cryptocurrencies” could be replaced in this paragraph by many other things (past, present and forthcoming) that allow exchange of value and this would ring true to some or many people

Outside of the exclusions given in the original quote what kinds of things might be examples?

Re: I Am Not Satoshi Nakamoto

#104

Post by AussieWog93 »

ekianjo wrote: post #37
AussieWog93 wrote: post #27

Earlier quoted context omitted.

>Most people don't care about self-hosting/self-managing their stuff and just want something that works and is easy to use. Crypto is no different to regular currencies in this regard. There's nothing stopping you from physically withdrawing all of your cash and stuffing it under your mattress. If you're concerned about the government devaluing your cash through dodgy bailouts of financial institutions, you can even…

Buying precious metals is very regulated and not practical in numerous countries.

Same applies to crypto. https://www.bbc.com/news/technology-58678907

Re: I Am Not Satoshi Nakamoto

#105

Post by SavantIdiot »

tptacek wrote: post #95
SavantIdiot wrote: post #82

Earlier quoted context omitted.

Not quite: he doesn't trust the constants . That's a big difference. He believes based on reading secret Snowden papers that the NSA has manipulated them via relationships with the industry. There are other curves that are NOT from NIST, like C25519, that are popular. In fact, the twisted edwards curve computation variant is also growing, which isn't the "traditional" (does that even make sense?) elliptic curve. Now…

My feeling is that I could back up both of these statements; the one you made, but also the one I made. He was saying these things before Snowden. And: again, just look at what he's published. He's not Satoshi. (The NIST P-curves aren't backdoored.)

> I could back up both of these statements;

That's what I did, Bernstein could be compromised.

> He's not Satoshi.

I sat on a panel with him at an Arm conference, he's a great guy and easy to talk to and doesn't write anything like Satoshi: but I could care less if he is Satoshi. FWIW, I, too, think crypto currency is a huge scam.

Re: I Am Not Satoshi Nakamoto

#106

Post by toolz »

shakna wrote: post #101
toolz wrote: post #99

Earlier quoted context omitted.

so payID, something not all countries have today can match the speed of crypto, can't match the fees and have a huge block on 1st time transactions. crypto wins there - payID sounds like it's been something that should've existed decades ago, but crypto has solved this problem and done a better job and yes it absolutely is more accessible - everywhere except maybe countries that make buying crypto illegal

You can signup to PayID and transfer in the time it takes a waitress to get to your table in around 80% of the known world. How does crypto beat that accessibility? (And it's been around since '02. The US was the last major hold out.)

payID has KYC just the same as crypto but crypto is globally accessible, cheaper and just as fast

to receive crypto you don't even need KYC actually, just to on-ramp from fiat...and if you mine crypto you don't even need KYC - so again there is no category in which crypto loses and categories where crypto clearly wins

Re: I Am Not Satoshi Nakamoto

#107

Post by shakna »

toolz wrote: post #106
shakna wrote: post #101

Earlier quoted context omitted.

You can signup to PayID and transfer in the time it takes a waitress to get to your table in around 80% of the known world. How does crypto beat that accessibility? (And it's been around since '02. The US was the last major hold out.)

payID has KYC just the same as crypto but crypto is globally accessible, cheaper and just as fast to receive crypto you don't even need KYC actually, just to on-ramp from fiat...and if you mine crypto you don't even need KYC - so again there is no category in which crypto loses and categories where crypto clearly wins

Flat fee of 20c/10k sounds cheaper than crypto to me.

No on-ramp, because payID works for any fiat account that can be linked to Mastercard or Visa sounds more accessible to me.

No specific KYC as its backed by existing banking infrastructure.

I do not see how crypto possibly wins this one.

Re: I Am Not Satoshi Nakamoto

#108

Post by windsok »

SavantIdiot wrote: post #82
tptacek wrote: post #72

Bitcoin uses elliptic curves. Schneier has infamously forsworn them, saying he doesn't trust the math. He hasn't to my knowledge (admittedly limited!) published any analyses of elliptic curve systems. He didn't need to tell anyone he wasn't Satoshi Nakamoto.

Not quite: he doesn't trust the constants . That's a big difference. He believes based on reading secret Snowden papers that the NSA has manipulated them via relationships with the industry. There are other curves that are NOT from NIST, like C25519, that are popular. In fact, the twisted edwards curve computation variant is also growing, which isn't the "traditional" (does that even make sense?) elliptic curve. Now…

It is curious that satoshi chose to use an uncommon, non-NIST curve for bitcoin. https://en.bitcoin.it/wiki/Secp256k1

Re: I Am Not Satoshi Nakamoto

#109

Post by toolz »

toolz wrote: post #106
shakna wrote: post #101

Earlier quoted context omitted.

You can signup to PayID and transfer in the time it takes a waitress to get to your table in around 80% of the known world. How does crypto beat that accessibility? (And it's been around since '02. The US was the last major hold out.)

payID has KYC just the same as crypto but crypto is globally accessible, cheaper and just as fast to receive crypto you don't even need KYC actually, just to on-ramp from fiat...and if you mine crypto you don't even need KYC - so again there is no category in which crypto loses and categories where crypto clearly wins

You need to research lightening network for bitcoin if you think that sounds cheaper. I'm sorry, but that's just easily not the case.

80% of the world is not more accessible when the alternative is practically 100% of the world.

also there's no on or off ramp for crypto when you can use it as currency, which is the direction the world is headed.

edit: I'm googling and apparently payID isn't even international. This isn't really even a comparison. I don't know why you believe otherwise.

Re: I Am Not Satoshi Nakamoto

#110

Post by easrng »

shakna wrote: post #107
toolz wrote: post #106

Earlier quoted context omitted.

payID has KYC just the same as crypto but crypto is globally accessible, cheaper and just as fast to receive crypto you don't even need KYC actually, just to on-ramp from fiat...and if you mine crypto you don't even need KYC - so again there is no category in which crypto loses and categories where crypto clearly wins

Flat fee of 20c/10k sounds cheaper than crypto to me. No on-ramp, because payID works for any fiat account that can be linked to Mastercard or Visa sounds more accessible to me. No specific KYC as its backed by existing banking infrastructure. I do not see how crypto possibly wins this one.

You can locate, download, install, and set up a crypto wallet and be ready to accept payments in under 2 minutes. (I just did.) Setting up a bank account is far more involved.
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