Do they have a buyer for that $400k? If not, it's not worth $400K.
One of the most profoundly dumb comments I have read here.
It takes 3 seconds to look up the 24h volume for BTC and it is $9.6 Billion
Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
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Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#32Discussion thread here: https://bitcointalk.org/index.php?topic=1306983.msg64526037#... Bitcoin puzzles are private keys with just a few unknown bits so that anyone can bruteforce them to collect a reward. Puzzle 66 contained 66 unknown bits and had 6.6 BTC deposited into it by the initial puzzle creator. The private key was 0x000000000000000000000000000000000000000000000002832ed74f2b5e35ee or 256 bits with mostly ze…
Am I correct in assuming that beyond a certain point, this is basically an existence proof for somebody having a quantum-supreme solution to Shor's Algorithm?
"Here's $400,000 sitting on the table, hope nobody takes it" which triggers an alarm telling us to replace all our old prequantum cryptography.
Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#33Do they have a buyer for that $400k? If not, it's not worth $400K.
The current market easily eats up 6.6 BTC without much movement. Are you looking at a smaller pool like Canada exclusively. Look at the Euro or USD markets. They are much much deeper.
Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#34Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#35Discussion thread here: https://bitcointalk.org/index.php?topic=1306983.msg64526037#... Bitcoin puzzles are private keys with just a few unknown bits so that anyone can bruteforce them to collect a reward. Puzzle 66 contained 66 unknown bits and had 6.6 BTC deposited into it by the initial puzzle creator. The private key was 0x000000000000000000000000000000000000000000000002832ed74f2b5e35ee or 256 bits with mostly ze…
Am I correct in assuming that beyond a certain point, this is basically an existence proof for somebody having a quantum-supreme solution to Shor's Algorithm? "Here's $400,000 sitting on the table, hope nobody takes it" which triggers an alarm telling us to replace all our old prequantum cryptography.
Or someone "just" finding a fault in the cryptographic algorithms used in Bitcoin. Or whoever created the puzzles leaking their information.
Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#36Do they have a buyer for that $400k? If not, it's not worth $400K.
1. Create Coinbase account
2. Deposit bitcoin
3. Market order sell all
4. Withdraw USD
Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#37Do they have a buyer for that $400k? If not, it's not worth $400K.
400k I think is no problem. I heard of someone with 10,000 BTC having some serious trouble finding a buyer though.
Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#38Earlier quoted context omitted.
Is this a "puzzle"? Throwing compute at brute-forcing a random number doesn't seem like solving a puzzle to me, it's basically how bitcoin works.
I think the puzzle idea is that, if you could figure out a weakness in the hash, you could claim it faster than the brute force approach. So each prize that's claimed "on schedule" supports the idea that there aren't any widely known shortcuts. Obviously if you found a shortcut in the hash you might do other things first, but I think that's the idea.
Hmm yeah if I cracked Bitcoin then last thing I'd do is claim a prize that gave away the fact that I'd cracked Bitcoin.
Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#39Re: Bitcoin puzzle #66 was solved: 6.6 BTC (~$400k) withdrawn
#40Is there something unique or special about the private keys that are guessed? This seems like an incredibly wasteful allocation of compute (which wouldn’t be surprising given that it’s bitcoin but still)
controlled arms race to improve things on both sides and it doubles as a canary.