281–290 of 901 posts
25 years max for stealing billions? God bless America. > Lichtenstein and Morgan are charged with conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and conspiracy to defraud the United States, which carries a maximum sentence of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statut…
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you would only need to memorize one seed to spawn infinite key pairs
can you elaborate? I find this very interesting. We can't choose which private key we get. So is it possible for 1 seed to generate all of them? Doesn't that break information theory (Shannon's compression limit)?
From that seed you can generate for all practical purposes an infinite number of private keys for any and all purposes in existence. Using cryptographic one way functions such as a hash or PRNG.
Example: truncate_as_needed ( sha512 (seed | 2022 | wallet_title | priv #123) ) = private key #123
Shouldn't all true crypto believers hate this news? It's the government trying to enforce their opinion of who should own those Bitcoins, thereby taking power away from the owner that the network has decided on, which would be "whoever has the cryptographic keys".
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I was wondering about this. I would think the most obvious path would be to find some other criminals (now you've got new risks) who don't care about the provenance of the coins, will pay cash for some coins at a discount, and you somehow launder that cash.... Could at least get a couple bucks from it, possibly.
There are "local bitcoin trading" groups that do exactly this - convert bitcoin to cash at a discount. But obviously you can't do this for billions of dollars and you expose yourself to personal monitoring and capture.
fwiw, it appears one of the named here is a YC Alum: https://news.ycombinator.com/user?id=il https://www.linkedin.com/in/unrealdutch/
This is just unreal. this guy was living a double life of being the greatest criminal ever. So among our community was a $4 billion hacker, just nonchalantly posting. I don't think he will be commenting anytime soon again if this really is him https://news.ycombinator.com/threads?id=il like your neighbor being a serial killer or something
Not a a lone Russian hacker, but American citizens..a husband and wife couple. crazy.
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This is just unreal. this guy was living a double life of being the greatest criminal ever. So among our community was a $4 billion hacker, just nonchalantly posting. I don't think he will be commenting anytime soon again if this really is him https://news.ycombinator.com/threads?id=il like your neighbor being a serial killer or something
I noticed both on twitter and his HN posts, there's a big gap between 2015 and 2019.
Shouldn't all true crypto believers hate this news? It's the government trying to enforce their opinion of who should own those Bitcoins, thereby taking power away from the owner that the network has decided on, which would be "whoever has the cryptographic keys".
What is a "true crypto believer" anyways? As a matter of practicality, everyone that interacts with financial assets of any sort are bound to laws imposed by some government. Equating "whoever has the keys" to ownership feels more or less equivalent to saying "finders keepers" is a valid justification for taking possession of a physical leather wallet. Or "We broke up, but I fed the dog, so it's mine". Or whatever. A…
I think you've answered your own question - a true crypto believer does not agree with that. If the smart contract says the Ethereum is mine because you wrote it poorly and I called the transfer money function in the right way ("exploited it"), a true believer would say "yep, it's yours."
25 years max for stealing billions? God bless America. > Lichtenstein and Morgan are charged with conspiracy to commit money laundering, which carries a maximum sentence of 20 years in prison, and conspiracy to defraud the United States, which carries a maximum sentence of five years in prison. A federal district court judge will determine any sentence after considering the U.S. Sentencing Guidelines and other statut…