81–90 of 243 posts
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XKCD 538 remains ever relevant.
Not really. That one has been solved seen Bitcoin BIP 39 with plausible deniability. I mean: unless the attacker knows exactly how much coins you have, he has zero way to way if you're unlocking a decoy wallet or the real one.
That sounds so complicated, that even someone with a physics degree from MIT will not be able to make it work.
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SBF straight up said multiple times it was a hack in his leaked talks with a vix reporter many days alter
Do people still hold anything this guy says as having any truth to it?
Any thoughts on why SBF lied to the Vox reporter about it being a hack? https://www.vox.com/future-perfect/23462333/sam-bankman-frie... Maybe he just didn't want to have to explain some breaking news to her.
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Guns. Guns are how. Guns are how governments achieve their objectives. There is no crypto scheme, no algorithm, no possible arrangement of private keys and Merkle trees that can escape the reality of men with guns.
> There is no crypto scheme, no algorithm, no possible arrangement of private keys and Merkle trees that can escape the reality of men with guns. On the contrary. It's the only case where maths can defend vs men with guns. Multi sig schemes spread over different people over several continents make the "men with guns" thing very difficult. Or multisig but m-out-of-n, with a dead beat: if after x weeks you don't hear o…
"Ho ho! Good luck, gentlemen! For, you see, I've implemented a multi-signature scheme spread over different people across several continents which requires-"
"Understood. Off to jail with you, then."
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> There is no crypto scheme, no algorithm, no possible arrangement of private keys and Merkle trees that can escape the reality of men with guns. On the contrary. It's the only case where maths can defend vs men with guns. Multi sig schemes spread over different people over several continents make the "men with guns" thing very difficult. Or multisig but m-out-of-n, with a dead beat: if after x weeks you don't hear o…
>On the contrary. It's the only case where maths can defend vs men with guns. Didn't work in this case.
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> There is no crypto scheme, no algorithm, no possible arrangement of private keys and Merkle trees that can escape the reality of men with guns. On the contrary. It's the only case where maths can defend vs men with guns. Multi sig schemes spread over different people over several continents make the "men with guns" thing very difficult. Or multisig but m-out-of-n, with a dead beat: if after x weeks you don't hear o…
>On the contrary. It's the only case where maths can defend vs men with guns. Didn't work in this case.
But in GPs defense, I don’t believe these were multisig wallets with geographically distributed individuals in control. It was 1/1.
Nonetheless, a metal pipe is a good counter to crypto.
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You think a state’s monopoly on violence is relevant when they’re beating you to steal cryptocurrency from you? Anyone off the street can do the same.
If someone from the street does this there is a force called police which will help you. When the government does this, there is no one who will help you.
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XKCD 538 remains ever relevant.
Not really. That one has been solved seen Bitcoin BIP 39 with plausible deniability. I mean: unless the attacker knows exactly how much coins you have, he has zero way to way if you're unlocking a decoy wallet or the real one.
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No, there is a way to spoof transfer events on etherscan so that trolls can attach funny coin names to famous wallets.
How does it work?
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>On the contrary. It's the only case where maths can defend vs men with guns. Didn't work in this case.
They didn't have a system set up to protect against that. Their private keys were on a shared email account