Is it possible to add (Cryptocurrency) after ‘The Verge’ in the title please? I thought it referred to the news outlet.
I was not aware that The Verge was still moving forward after Joshua Topolsky left, and their show "On The Verge" was cancelled.
The Verge Hack, Explained
51–60 of 68 posts
Re: The Verge Hack, Explained
#52The gate metaphors in the article are so messed up they distracted me from the actual story. >> Gates Only Work When They’re Raised Well normally gates swing open and shut, maybe you mean some kind of portcullis, like in a castle? You have to raise those to open them. >> a gate that’s far too strong to break >> through and too high to climb over — >> this hack gets past it by finding a way >> to lower it so close to…
Lol I'm with you on this, I struggled too
Re: The Verge Hack, Explained
#53"Exactly how the largest protocol-level hack of a cryptocurrency in recent memory could preceed said cryptocurrency increasing in price and then announcing a partnership with the most trafficked porn-site on the internet is a question I’m forced to leave open-ended; my personal pet-theory is that it has something to do with the fact that the world makes no sense and human beings are all completely out of their goddam…
Please don't quote portions of the article with no added commentary or insight. We're all capable of reading and recognizing well-written portions of the posted content.
Please do, I personally often read the comment section only, and something tells me I am not alone in this...
Re: The Verge Hack, Explained
#54So basically this time warp hack is allowing eval() on the chain history... What could go wrong?
Re: The Verge Hack, Explained
#55One can always invent blockchain buzzwords like "Dark Gravity Wave" but even copying code requires understanding of algorithms.
I snorted when I first heard the term. An old co-worker used to call 'universal differential', for weeks. Yeah that was IF statement.
Re: The Verge Hack, Explained
#56> Indeed, major cryptocurrencies like Bitcoin and Ethereum have maintained their security quite well — better, arguably, than any other digital asset/payment system in history
Am I missing something? And here I thought having to hard fork your currency goes in the “not very secure” bin.
Re: The Verge Hack, Explained
#57Earlier quoted context omitted.
> instead of just scaling with larger blocks Blocks will need to be ~5TB to match Visa transaction volume. Some lightning network advocates are concerned about the effect that a size increase necessary to support even a fraction of this volume would have on mining centralization. Other concerns are listed here https://en.bitcoin.it/wiki/Block_size_limit_controversy and here https://en.bitcoin.it/wiki/Scalability_FAQ#…
> Blocks will need to be ~5TB to match Visa transaction volume. No, it's on the order of 3 gigabytes. Visa claims they can handle up to 25k Tx/s. 226 B / Tx. 600 sec (10 min) per block. (25000 Tx / s)(226 B / Tx)(600 s / block) = 3.39 • 10^9 B / block Visa normally handled around 2k Tx/s, which would only require a few hundred megabytes per block.
Re Visa TPS:
*Source: 50,000 transactions per second, as of July 15, 2017
Re: The Verge Hack, Explained
#58Earlier quoted context omitted.
Please don't quote portions of the article with no added commentary or insight. We're all capable of reading and recognizing well-written portions of the posted content.
Please do, I personally often read the comment section only, and something tells me I am not alone in this...
+1
Re: The Verge Hack, Explained
#59Earlier quoted context omitted.
Please don't quote portions of the article with no added commentary or insight. We're all capable of reading and recognizing well-written portions of the posted content.
This was a particularly interesting bit though and I was hoping some people might explain/comment more about it. It seems that getting your crypto-currency hacked gives publicity and boosts value! See also: the Experian hack.
Clearly any plans with pornhub.com would have been made prehack. As to the value of the cryptocommodity (I refuse to call them currencies)... it’s like the author said.
Re: The Verge Hack, Explained
#60Can someone who touts the “but it’s decentralized!!” aspects of these systems- please to explain to me how an algorithm that adjusts mining difficulty is not a centralized and possibly destructive feature in control of a handful of people?