131–140 of 196 posts
> Michael says he was lucky that he lost the password years ago because, otherwise, he would have sold off the bitcoin when it was worth $40,000 a coin and missed out on a greater fortune. This is so true for stocks too
Yes but stocks are usually tied to a business producing some sort of service that people want, and therefore have value. Crypto is tied to, checks notes nothing.
The original video by Joe Grand: https://youtu.be/o5IySpAkThg
I had to stop watching because of all the cringy tweenertainment funny faces and jerky body movements and hands waving all over the place.
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> in helping dictators evade sanctions Let's be realistic here, most of dictators evading sanctions do it (i) with good ol' bags of $/€/CHF/£, (ii) gold/platinum/diamonds/..., (iii) whatever ad-hoc currency satisfies the two parties (promises, shares, goods, ...); in short everything but traceable-in-the-open digital currencies where most of the in/egress feature mandatory KYC. If you believe e.g. that the US/EU firm…
That's why I specified 'electronic'. Moving physical items around the globe is obviously within the ability of an independent state, but it has logistical overhead. ETH/BTC is comparatively cheap to move.
If you are in the circles where having to move $10M illegally is a common occurrence, paying a guy $10k to take a train between Russia and China with a bag of cash and bribe the border guards another $10k is much better than trying to weasel your way through the KYC process of Coinbase.
The original video by Joe Grand: https://youtu.be/o5IySpAkThg
Yikes. Terrible video that showcases what's wrong with modern youtube and anti-informative entertainment videos. It could have been a three paragraph blog. I had to stop watching because of all the cringy tweenertainment funny faces and jerky body movements and hands waving all over the place.
I agree with you that entertainment has taken over too much (it inevitably attracts a wider audience), but there is room for both.
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I hate on crypto any chance I get, but crypto has damn near a monopoly in facilitating black and/or grey market electronic transactions. It is very in demand, for instance, in helping dictators evade sanctions, or helping criminals extort or trade illegally.
Part of the reason that the US Government has been trying for the last few years to squash it is because it's threatening the US Dollar's hegemony in, cough, international trade. If you're buying illegal black market shit, you're darn well gonna do it using the Red, White, and Blue's Green! This is also proof of cryptocurrency's use-case as a method of value transfer (ie. currency). Crime and porn are the traditional…
That is super lucky. They didn’t break the crypto, they broke the PRNG. Amateur wallet design. Any security programmer with a passing knowledge of NIST entropy requirements 800-90 a/b/c would have never done this.
This happens all the time . If I had a nickel for every system I broke with a time based prng, I’d have like 10 bucks by now.
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"Sneakers" - 1992 "Hackers" - 1995 Sneakers had them going through the trash, setting up a mark on a fake date, and staking out a building and the security company it used with all sorts of stuff not once looking at a computer screen to "hack" three years earlier. I like Hackers for the campy side of things, but Sneakers will still take a higher spot on my list.
"Matrix" - 1999 That ssh exploit was so cool...
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This happens all the time . If I had a nickel for every system I broke with a time based prng, I’d have like 10 bucks by now.
What's the most random and wildly known way, apart from time based, to pick a seed value then?
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None of that makes any sense whatsoever.
Not if you're the sort of person who dismisses it out of hand, no. In the context of understanding that Bitcoin is the best performing asset over its admittedly small lifetime, then it just sorta kinda might just start the process of making sense to unthaw a little. This justification is only valid for certain time-scales however, and once you get into a discussion of that it can easily degenerate into cherry-picking…