Quantum Computers Will Destroy Bitcoin, Scientists Warn

What would happen if the NSA (or Google) turned their 512qbit quantum computer(s) loose on the bitcoin mining scene and found all outstanding coins in existence in several days time?

Would the price suddenly collapse to less than nothing? Would such an operation even take days?
submitted by Ramv36 to Bitcoin [link] [comments]

ABCMint is a quantum resistant cryptocurrency with the Rainbow Multivariable Polynomial Signature Scheme.

Good day, the price is going up to 0.3USDT.

ABCMint Second Foundation

ABCMint has been a first third-party organization that focuses on post-quantum cryptography research and technology and aims to help improve the ecology of ABCMint technology since 2018.


https://abcmintsf.com

https://abcmintsf.com/exchange


What is ABCMint?

ABCMint is a quantum resistant cryptocurrency with the Rainbow Multivariable Polynomial Signature Scheme.

Cryptocurrencies and blockchain technology have attracted a significant amount of attention since 2009. While some cryptocurrencies, including Bitcoin, are used extensively in the world, these cryptocurrencies will eventually become obsolete and be replaced when the quantum computers avail. For instance, Bitcoin uses the elliptic curved signature (ECDSA). If a bitcoin user?s public key is exposed to the public chain, the quantum computers will be able to quickly reverse-engineer the private key in a short period of time. It means that should an attacker decide to use a quantum computer to decrypt ECDSA, he/she will be able to use the bitcoin in the wallet.

The ABCMint Foundation has improved the structure of the special coin core to resist quantum computers, using the Rainbow Multivariable Polynomial Signature Scheme, which is quantum resisitant, as the core. This is a fundamental solution to the major threat to digital money posed by future quantum computers. In addition, the ABCMint Foundation has implemented a new form of proof of arithmetic (mining) "ABCardO" which is different from Bitcoin?s arbitrary mining. This algorithm is believed to be beneficial to the development of the mathematical field of multivariate.


Rainbow Signature - the quantum resistant signature based on Multivariable Polynomial Signature Scheme

Unbalanced Oil and Vinegar (UOV) is a multi-disciplinary team of experts in the field of oil and vinegar. One of the oldest and most well researched signature schemes in the field of variable cryptography. It was designed by J. Patarin in 1997 and has withstood more than two decades of cryptanalysis. The UOV scheme is a very simple, smalls and fast signature. However, the main drawback of UOV is the large public key, which will not be conducive to the development of block practice technology.

The rainbow signature is an improvement on the oil and vinegar signature which increased the efficiency of unbalanced oil and vinegar. The basic concept is a multi-layered structure and generalization of oil and vinegar.


PQC - Post Quantum Cryptography

The public key cryptosystem was a breakthrough in modern cryptography in the late 1970s. It has become an increasingly important part of our cryptography communications network over The Internet and other communication systems rely heavily on the Diffie-Hellman key exchange, RSA encryption, and the use of the DSA, ECDSA or related algorithms for numerical signatures. The security of these cryptosystems depends on the difficulty level of number theory problems such as integer decomposition and discrete logarithm problems. In 1994, Peter Shor demonstrated that quantum computers can solve all these problems in polynomial time, which made this security issue related to the cryptosystems theory irrelevant. This development is known as the "post-quantum cryptography" (PQC)

In August 2015, the U.S. National Security Agency (NSA) released an announcement regarding its plans to transition to quantum-resistant algorithms. In December 2016, the National Institute of Standards and Technology (NIST) announced a call for proposals for quantum-resistant algorithms. The deadline was November 30, 2017, which also included the rainbow signatures used for ABCMint.
submitted by WrapBeautiful to ABCMint [link] [comments]

NSA Switches To Quantum-Resistant Cryptography

NSA Switches To Quantum-Resistant Cryptography submitted by HostFat to Bitcoin [link] [comments]

Just realised: the James Bond villain in Skyfall is actually mining bitcoins

Just realised: the James Bond villain in Skyfall is actually mining bitcoins submitted by voileipa to Bitcoin [link] [comments]

Evidence Points to Bitcoin being an NSA-engineered Psyop to roll out One-World Digital Currency

Eye
I'm going to assume the readers who make it to this article are well informed enough that I don't have to go into the history of the global money changers and their desire for a one world currency.
(If you don't yet understand the goal of the globalist banking empire and the coming engineered collapse of the fiat currency system, you're already about 5,000 posts behind the curve.)
With that as a starting point, it's now becoming increasingly evident that Bitcoin may be a creation of the NSA and was rolled out as a "normalization" experiment to get the public familiar with digital currency.
Once this is established, the world's fiat currencies will be obliterated in an engineered debt collapse (see below for the sequence of events), then replaced with a government approved cryptocurrency with tracking of all transactions and digital wallets by the world's western governments.
NSA mathematicians detailed "digital cash" two decades ago
What evidence supports this notion?
First, take a look at this document entitled, "How to Make a Mint - The Cryptography of Anonymous Electronic Cash." This document, released in 1997 - yes, twenty years ago - detailed the overall structure and function of Bitcoin cryptocurrency.
Who authored the document?
Try not to be shocked when you learn it was authored by,
"mathematical cryptographers at the National Security Agency's Office of Information Security Research and Technology." 
The NSA, in other words, detailed key elements of Bitcoin long before Bitcoin ever came into existence.
Much of the Bitcoin protocol is detailed in this document, including signature authentication techniques, eliminating cryptocoin counterfeits through transaction authentication and several features that support anonymity and untraceability of transactions.
The document even outlines the heightened risk of money laundering that's easily accomplished with cryptocurrencies. It also describes "secure hashing" to be "both one-way and collision-free."
Although Bitcoin adds mining and a shared, peer-to-peer blockchain transaction authentication system to this structure, it's clear that the NSA was researching cryptocurrencies long before everyday users had ever heard of the term.
Note, too, that the name of the person credited with founding Bitcoin is Satoshi Nakamoto, who is reputed to have reserved one million Bitcoins for himself.
Millions of posts and online threads discuss the possible identity of Satishi Nakamoto, and some posts even claim the NSA has identified Satoshi.
However, another likely explanation is that Satoshi Nakamoto is the NSA, which means he is either working for the NSA or is a sock puppet character created by the NSA for the purpose of this whole grand experiment.
The NSA also wrote the crypto hash used by Bitcoin to secure all transactions
On top of the fact that the NSA authored a technical paper on cryptocurrency long before the arrival of Bitcoin, the agency is also the creator of the SHA-256 hash upon which every Bitcoin transaction in the world depends.
As The Hacker News (THN) explains.
"The integrity of Bitcoin depends on a hash function called **SHA-256**, which was designed by the NSA and published by the *National Institute for Standards and Technology* ([NIST](https://en.wikipedia.org/wiki/National_Institute_of_Standards_and_Technology))." 
THN also adds:
"If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network." 
Cryptography researcher Matthew D. Green of Johns Hopkins University said.
In other words, if the SHA-256 hash, which was created by the NSA, actually has a backdoor method for cracking the encryption, it would mean the NSA could steal everybody's Bitcoins whenever it wants (call it "Zero Day.")
That same article, written by Mohit Kumar, mysteriously concludes,
"Even today it's too early to come to conclusions about Bitcoin. Possibly it was designed from day one as a tool to help maintain control of the money supplies of the world." 
And with that statement, Kumar has indeed stumbled upon the bigger goal in all this:
To seize control over the world money supply as the fiat currency system crumbles and is replaced with a one-world *digital currency controlled by globalists*. 
Think cryptography is bulletproof? Think again…
Lest you think that the cryptography of cryptocurrency is secure and bulletproof, consider this article from The Hacker News, 'Researchers Crack 1024-bit RSA Encryption in GnuPG Crypto Library,' which states,
"The attack allows an attacker to extract the secret crypto key from a system by analyzing the pattern of memory utilization or the electromagnetic outputs of the device that are emitted during the decryption process." 
Note, importantly, that this is a 1024-bit encryption system.
The same technique is also said to be able to crack 2048-bit encryption. In fact, encryption layers are cracked on a daily basis by clever hackers.
Some of those encryption layers are powering various cryptocurrencies right now. Unless you are an extremely high-level mathematician, there's no way you can know for sure whether any crypto currency is truly non-hackable.
In fact, every cryptocurrency becomes obsolete with the invention of large-scale quantum computing.
Once China manages to build a working 256-bit quantum computer, it can effectively steal all the Bitcoins in the world (plus steal most national secrets and commit other global mayhem at will).
(Video)
Ten steps to crypto-tyranny - The "big plan" by the globalists (and how it involves Bitcoin)
In summary, here's one possible plan by the globalists to seize total control over the world's money supply, savings, taxation and financial transactions while enslaving humanity.
And it all starts with Bitcoin...
  1.  Roll out the NSA-created Bitcoin to get the public excited about a digital currency. 
  2.  Quietly prepare a globalist-controlled cryptocurrency to take its place. (JP Morgan, anyone...?) 
  3.  Initiate a massive, global-scale [false flag operation](http://www.bibliotecapleyades.net/sociopolitica/sociopol_falseflag.htm) that crashes the global debt markets and sends fiat currencies down in flames (hoax alien invasion, hoax North Korean EMP attack, mass distributed power grid terrorism network, etc.) 
  4.  Blame whatever convenient enemy is politically acceptable (North Korea, "the Russians," Little Green Men or whatever it takes…) 
  5.  Allow the fiat currency debt pyramid to collapse and smolder until the sheeple get desperate. 
  6.  With great fanfare, announce a government-backed cryptocurrency replacement for all fiat currencies, and position world governments as the SAVIOR of humanity. Allow the desperate public to trade in their fiat currencies for official crypto currencies. 
  7.  [Outlaw cash](http://www.bibliotecapleyades.net/sociopolitica/sociopol_globalbanking.htm#Cashless_Society) and *criminalize gold and silver ownership by private citizens*. All in the name of "security," of course. 
  8.  Criminalize all non-official cryptocurrencies such as Bitcoin, crashing their value virtually overnight and funneling everyone into the one world government crypto, where the NSA controls the blockchain. This can easily be achieved by blaming the false flag event (see above) on some nation or group that is said to have been "funded by Bitcoin, the cryptocurrency used by terrorists." 
  9.  Require [embedded RFID](http://www.bibliotecapleyades.net/ciencia/secret_projects/implants.htm#RFID) or biometric identifiers for all transactions in order to "authenticate" the one-world digital crypto currency activities. *Mark of the Beast* becomes reality. No one is allowed to eat, travel or earn a wage without being marked. 
  10.  Once absolute control over the new one-world digital currency is achieved, weaponize the government-tracked blockchain to track all transactions, investments and commercial activities. Confiscate a portion of all crypto under the guise of "automated taxation." In an emergency, the government can even announce *negative interest rates* where your holdings automatically decrease each day. 
With all this accomplished, globalists can now roll out absolute totalitarian control over every aspect of private lives by enforcing financial "blackouts" for those individuals who criticize the government.
They can put in place automatic deductions for traffic violations, vehicle license plate taxes, internet taxes and a thousand other oppressive taxes invented by the bureaucracy.
With automatic deductions run by the government, citizens have no means to halt the endless confiscation of their "money" by totalitarian bureaucrats and their deep state lackeys.
How do you feel about your Bitcoin now...?
Video
by Mike Adams December 10, 2017 from NaturalNews Website
Source
submitted by Metaliano to conspiracy [link] [comments]

Quantum Computing Vs. Blockchain

Quantum Computing Vs. Blockchain


The cryptocurrency community has long been discussing one technical feature of the blockchain, which directly affects its future. We are talking about the threat to the blockchain from the so-called quantum computing. The fact is that if these threats are implemented, crypto assets will not be able to function technically and all problems with their regulation will disappear by themselves.
Indeed, what is the point of creating a serious regulatory system for an instrument that will soon become simply inoperable?
Most modern cryptocurrencies are built on a particular cryptographic algorithm that ensures its security. The level of protection is determined by the amount of work required by the key, the password that determines the final result of the cryptographic conversion. It is known that when solving cryptography problems, the classical computer performs total testing of possible keys, in turn, one after another. A quantum computer can instantly test a set of keys and establish a combination that has the maximum probability of being true and thereby compromise the cryptosystem.
The threat to bitcoin is that high-speed quantum computers, as a result, will be able to “create problems” to the encryption processes and digital signatures used in the technology of blockchain and virtual currencies. Ultra-fast calculations would in principle allow to forge smart contracts and steal “coins”.
Most cryptocurrencies use public-key encryption algorithms for communications and, in particular, digital signatures. Public key cryptography is based on one-way mathematical functions-operations that are simple in one direction and difficult in the other. If we use quantum computers rather than classical ones to solve the factorization problem, it is solved much faster. Quantum computer allows for a couple of minutes to determine the secret key on the public, and the knowledge of the secret key allows you to access the address of the bitcoin network. It turns out that the owner of the quantum computer will be able to break the encryption system with a public key and write off (steal) “coins” from the appropriate address. This feature of quantum computing is the main danger for bitcoin.
According to some estimates, the quantum computer will be able to determine the secret key on the open in 2027.
Some commentators believe that with the advent of full-fledged quantum computers, the era of cryptocurrencies and blockchain will come to its logical end — the cryptography systems on which cryptocurrencies are based will be compromised, and the cryptocurrencies themselves will become worthless. Allegedly, the first thing that the owner of a quantum computer will do is quickly mine the remaining bitcoins, ethers and other popular crypto-coins. Experts have estimated that bitcoin hacking will require a quantum computer with a capacity of 10 thousand qubits, and it is not so long to wait for it — perhaps ten years, or even less.
IBM 50Q System: An IBM cryostat wired for a 50 qubit system. Photo from the www.ibm.com
However, not everyone shares this opinion.
According to new forecasts, a commercially acceptable version of the quantum computer will not appear until 2040. Many cryptocurrency experts are sure that by this moment developers will be able to prepare and adapt the blockchain to new realities. They will be able to modify the cryptocurrency code and protect the technologies used in it from hacking.
Analysts, however, emphasize that although an attacker with a powerful quantum computer will be able to get the secret key from the public, it is impossible to get the public key from the bitcoin address of the recipient of the transaction. The public key is converted to a bitcoin address by several unidirectional hash functions that are resistant to quantum computation. However, in fact, the public key still gets into the network one day. This occurs when the transaction is signed by the sender of the “coin”. Otherwise, the network will not be able to confirm the transaction, because there is no other way to verify the authenticity of the sender’s signature.
The widespread fear of a direct threat to bitcoin by quantum computing is exaggerated and comes from ignorance. In fact, using crowdsourcing, blockchain technology solves many problems, including reducing threats to its security from quantum computers. That is why the network based on the blockchain for superior protection network and platform of centralized architecture. Dr. Brennan has analyzed the threat of blockchain technologies by modern systems of quantum computing. He investigated the potential of a quantum computer in terms of the possibility of its use “for manipulating the blockchain in the centralization of hashing power” and assessed the probability of disclosure of the key of the encryption system that underlies the mechanism of protecting users of the blockchain. The results of the study show that the existing developments in the field of quantum computing are very far from the “imaginary possibilities” of quantum technologies — the modern quantum infrastructure is characterized by speed, absolutely insufficient to solve extremely complex problems such as the search for an acceptable time encryption key.
At least on the horizon of the next 10 years, the speed of quantum computers will be insufficient compared to the capabilities of modern mining machines.

Bitcoin will not give way before quantum computing.

Can Quantum Computing Take Over Blockchain?

Practice crosses out any theoretical constructions that claim that quantum computing is able to “master” the blockchain. This is due to the limited capabilities of existing technical means and the ongoing development of the blockchain protection system. The technology that can compromise the work of the blockchain is becoming obsolete by the time of its appearance, it is constantly about ten years behind the development of blockchain technology.
The head of the laboratory of quantum computing John Martinis from Google also rejected the assumption that quantum computing could pose a direct threat to blockchain systems and cryptocurrencies in the near future. Martinis believes that the process of creating quantum computers will take at least a decade, and the practical implementation of effective quantum computing will require even more time. He believes that the creation of quantum devices “is really problematic and much more difficult than the creation of a classical computer”.
From another angle, one of the world’s leading experts in the field of bitcoin and blockchain Andreas Antonopoulos also looked at the problem under consideration. Andreas Antonopoulos official Twitter page.
He is convinced that the US NSA and other intelligence agencies will not use a quantum computer against bitcoin, even if they have such weapons.
Andreas Antonopoulos said:
“I’m not at all worried that the NSA might have a quantum computer, because the basic security law says: if you have a powerful secret weapon, you do not use it. You need a very significant excuse to use it”.
He cited as an example the decryption by the British cryptographer Alan Turing of the German military machine encryption Telegraph messages “Enigma” during the Second World War. The Germans used this machine, in particular, for secret communication in the Navy. The British government then decided to keep this success in the strictest confidence, and by any means to hide the source of information (it was removed from the communication channels). The British had even deliberately not to prevent the sinking of their ships by the Germans, because as soon as the enemy realizes the compromise of the codes used by him, he immediately takes measures to Refine its technology.
The question of the threat of quantum computing is not the existence of a quantum computer, but its power — the number of quantum bits (qubits). Special services at this stage of development can not have enough power to attack the Bitcoin blockchain. However, a really real problem will arise when quantum computers become commercially available, but not so much that everyone can use them in their bitcoin wallet. During this transition period, bitcoin will need to switch to new algorithms. It is not yet clear how this transition will take place.
Researchers estimate the exploitability of the ideas of quantum-secured blockchain, the essence of which is that the Central element in the protection technology of the blockchain to make the quantum technology of quantum communication. Quantum communications (or, more precisely, quantum key distribution) guarantee security based on the laws of physics, not on the complexity of solving mathematical problems, as in the case of public-key cryptography. As a result, the quantum blockchain (it can be defined as a set of methods of using quantum technologies for calculations; the work of the quantum blockchain is based on the use of quantum communications to authenticate the participants of operations) will be invulnerable to attacks using a quantum computer.
Brennen and Tucker agree that quantum computing, at least on paper, definitely poses a threat to the security of blockchain networks. Feed her fears caused by the injection of panic sensational articles in the media. Tucker believes that the talk that quantum computing poses an immediate threat to the blockchain is distracting from the really important topics for discussion. The quantum threat to bitcoin cannot be completely excluded, but the level of this threat is estimated as minimal, especially if we take into account the high reliability of the network of this cryptocurrency and powerful incentives to ensure the highest level of its security.
Perhaps, from all this, it is possible to draw two conclusions. First, bitcoin in the current modification is really vulnerable to quantum computing. Secondly, it is equally obvious that there are and there will be many opportunities in the future to improve it. On the one hand, it is, in particular, alternative systems of cryptographic protection of transactions, and including on the basis of public-key ciphers, on the other — quantum communication systems that guarantee the security of communication without the use of mathematics.
So quantum systems promise new means of protection of virtual currency blockchains. If we turn to ordinary money, it can be noted that as technological development is constantly evolving and their means of protection. Remember how to protect against counterfeiting of conventional paper money is constantly coming up with new and unusual technologies. From all this, it follows that from a technical point of view, crypto assets are for a long time, which makes their regulation useful.
Material developed by the Legal Department of EdJoWa Holding
submitted by IMBA-Exchange to u/IMBA-Exchange [link] [comments]

Is Google’s Claimed “Quantum Supremacy” A Threat To Bitcoin?

Is Google’s Claimed “Quantum Supremacy” A Threat To Bitcoin?

Google And NASA Developed A Quantum Computer Able To Solve Impossible Equations
Google is the undisputed leader in the search engine realm, and the information stored on their servers is so large that it is difficult to ignore Google`s technical powers. The recent news about Google solving an equation that was believed to take around 10,000 years in just little over 3 minutes, raised a red flag in the crypto community.
The quantum processor, dubbed Sycamore, consists of 54 quantum cores, called qubits. In 2018, Google and NASA agreed to work together to create the supercomputer. Sycamore solved a so-called “random sampling problem” – checking whether a set of numbers is randomly distributed. The calculations, however, are time-demanding, especially when the number string contains many numbers. Google estimated that in order to complete the task with the world’s fastest supercomputer – Summit, it would take over 10,000 years.
Quantum computing, however, isn’t a threat to the crypto world. In 2017 numerous experts dispelled the myth about the vulnerabilities of modern cryptography. Crypto expert Peter Todd stated his skepticism about the new invention, adding that “this primitive type of quantum computing is nowhere near hurting Bitcoin cryptography.”
Similarly, Andreas Antonopoulos dispelled the crypto community fears. “There would be no impact on cryptocurrencies, mining, and the blockchain world. The quantum computing technology is still in its early days, designed to perform over a certain class of problems”, Antonopoulos added.
The Bitcoin enthusiast Antonopoulos also noted that in order for the crypto world to be relatable and up-to-date with quantum computing development, further improvements in signature algorithms are needed. The U.S. National Security Agency (NSA) is also researching possibilities to make sensitive information “quantum-resistant.”
submitted by Crypto_Browser to u/Crypto_Browser [link] [comments]

Is Crypto Currency truly at risk due to Quantum Computers, and what can you do about it?

Is Crypto Currency truly at risk due to Quantum Computers, and what can you do about it?

There is no denying that the Quantum revolution is coming. Security protocols for the internet, banking, telecommunications, etc... are all at risk, and your Bitcoins (and alt-cryptos) are next!
This article is not really about quantum computers[i], but, rather, how they will affect the future of cryptocurrency, and what steps a smart investor will take. Since this is a complicated subject, my intention is to provide just enough relevant information without being too “techy.”

The Quantum Evolution

In 1982, Nobel winning physicist, Richard Feynman, hypothesized how quantum computers[ii] would be used in modern life.
Just one year later, Apple released the “Apple Lisa”[iii] – a home computer with a 7.89MHz processor and a whopping 5MB hard drive, and, if you enjoy nostalgia, it used 5.25in floppy disks.
Today, we walk around with portable devices that are thousands of times more powerful, and, yet, our modern day computers still work in a simple manner, with simple math, and simple operators[iv]. They now just do it so fast and efficient that we forget what’s happening behind the scenes.
No doubt, the human race is accelerating at a remarkable speed, and we’ve become obsessed with quantifying everything - from the everyday details of life to the entire universe[v]. Not only do we know how to precisely measure elementary particles, we also know how to control their actions!
Yet, even with all this advancement, modern computers cannot “crack” cryptocurrencies without the use of a great deal more computing power, and since it’s more than the planet can currently supply, it could take millions, if not billions, of years.
However, what current computers can’t do, quantum computers can!
So, how can something that was conceptualized in the 1980’s, and, as of yet, has no practical application, compromise cryptocurrencies and take over Bitcoin?
To best answer this question, let’s begin by looking at a bitcoin address.

What exactly is a Bitcoin address?

Well, in layman terms, a Bitcoin address is used to send and receive Bitcoins, and looking a bit closer (excuse the pun), it has two parts:[vi]
A public key that is openly shared with the world to accept payments. A public key that is derived from the private key. The private key is made up of 256 bits of information in a (hopefully) random order. This 256 bit code is 64 characters long (in the range of 0-9/a-f) and further compressed into a 52 character code (using RIPEMD-160).
NOTE: Although many people talk about Bitcoin encryption, Bitcoin does not use Encryption. Instead, Bitcoin uses a hashing algorithm (for more info, please see endnote below[vii]).
Now, back to understanding the private key:
The Bitcoin address “1EHNa6Q4Jz2uvNExL497mE43ikXhwF6kZm” translates to a private key of “5HpHagT65TZzG1PH3CSu63k8DbpvD8s5ip4nEB3kEsreAnchuDf” which further translates to a 256 bit private key of “0000000000000000000000000000000000000000000000000000000000000001” (this should go without saying, but do not use this address/private key because it was compromised long ago.) Although there are a few more calculations that go behind the scenes, these are the most relevant details.
Now, to access a Bitcoin address, you first need the private key, and from this private key, the public key is derived. With current computers, it’s classically impractical to attempt to find a private key based on a public key. Simply put, you need the private key to know the public key.
However, it has already been theorized (and technically proven) that due to private key compression, multiple private keys can be used to access the same public key (aka address). This means that your Bitcoin address has multiple private keys associated with it, and, if someone accidentally discovers or “cracks” any one of those private keys, they have access to all the funds in that specific address.
There is even a pool of a few dedicated people hunting for these potential overlaps[viii], and they are, in fact, getting very efficient at it. The creator of the pool also has a website listing every possible Bitcoin private key/address in existence[ix], and, as of this writing, the pool averages 204 trillion keys per day!
But wait! Before you get scared and start panic selling, the probability of finding a Bitcoin address containing funds (or even being used) is highly unlikely – nevertheless, still possible!
However, the more Bitcoin users, the more likely a “collision” (finding overlapping private/public key pairs)! You see, the security of a Bitcoin address is simply based on large numbers! How large? Well, according to my math, 1.157920892373x1077 potential private keys exist (that number represents over 9,500 digits in length! For some perspective, this entire article contains just over 14,000 characters. Therefore, the total number of Bitcoin addresses is so great that the probability of finding an active address with funds is infinitesimal.

So, how do Quantum Computers present a threat?

At this point, you might be thinking, “How can a quantum computer defeat this overwhelming number of possibilities?” Well, to put it simple; Superposition and Entanglement[x].
Superposition allows a quantum bit (qbit) to be in multiple states at the same time. Entanglement allows an observer to know the measurement of a particle in any location in the universe. If you have ever heard Einstein’s quote, “Spooky Action at a Distance,” he was talking about Entanglement!
To give you an idea of how this works, imagine how efficient you would be if you could make your coffee, drive your car, and walk your dog all at the same time, while also knowing the temperature of your coffee before drinking, the current maintenance requirements for your car, and even what your dog is thinking! In a nutshell, quantum computers have the ability to process and analyze countless bits of information simultaneously – and so fast, and in such a different way, that no human mind can comprehend!
At this stage, it is estimated that the Bitcoin address hash algorithm will be defeated by quantum computers before 2028 (and quite possibly much sooner)! The NSA has even stated that the SHA256 hash algorithm (the same hash algorithm that Bitcoin uses) is no longer considered secure, and, as a result, the NSA has now moved to new hashing techniques, and that was in 2016! Prior to that, in 2014, the NSA also invested a large amount of money in a research program called “Penetrating Hard Targets project”[xi] which was used for further Quantum Computer study and how to break “strong encryption and hashing algorithms.” Does NSA know something they’re not saying or are they just preemptively preparing?
Nonetheless, before long, we will be in a post-quantum cryptography world where quantum computers can crack crypto addresses and take all the funds in any wallet.

What are Bitcoin core developers doing about this threat?

Well, as of now, absolutely nothing. Quantum computers are not considered a threat by Bitcoin developers nor by most of the crypto-community. I’m sure when the time comes, Bitcoin core developers will implement a new cryptographic algorithm that all future addresses/transactions will utilize. However, will this happen before post-quantum cryptography[xii]?
Moreover, even after new cryptographic implementation, what about all the old addresses? Well, if your address has been actively used on the network (sending funds), it will be in imminent danger of a quantum attack. Therefore, everyone who is holding funds in an old address will need to send their funds to a new address (using a quantum safe crypto-format). If you think network congestion is a problem now, just wait…
Additionally, there is the potential that the transition to a new hashing algorithm will require a hard fork (a soft fork may also suffice), and this could result in a serious problem because there should not be multiple copies of the same blockchain/ledger. If one fork gets attacked, the address on the other fork is also compromised. As a side-note, the blockchain Nebulas[xiii] will have the ability to modify the base blockchain software without any forks. This includes adding new and more secure hashing algorithms over time! Nebulas is due to be released in 2018.

Who would want to attack Bitcoin?

Bitcoin and cryptocurrency represent a threat to the controlling financial system of our modern economy. Entire countries have outright banned cryptocurrency[xiv] and even arrested people[xv], and while discrediting it, some countries are copying cryptocurrency to use (and control) in their economy[xvi]!
Furthermore, Visa[xvii], Mastercard[xviii], Discover[xix], and most banks act like they want nothing to do with cryptocurrency, all the while seeing the potential of blockchain technology and developing their own[xx]. Just like any disruptive technology, Bitcoin and cryptocurrencies have their fair share of enemies!
As of now, quantum computers are being developed by some of the largest companies in the world, as well as private government agencies.
No doubt, we will see a post-quantum cryptography world sooner than most realize. By that point, who knows how long “3 letter agencies” will have been using quantum technology - and what they’ll be capable of!

What can we do to protect ourselves today?

Of course, the best option is to start looking at how Bitcoin can implement new cryptographic features immediately, but it will take time, and we have seen how slow the process can be just for scaling[xxi].
The other thing we can do is use a Bitcoin address only once for outgoing transactions. When quantum computers attack Bitcoin (and other crypto currencies), their first target will be addresses that have outgoing transactions on the blockchain that contain funds.
This is due to the fact that when computers first attempt to crack a Bitcoin address, the starting point is when a transaction becomes public. In other words, when the transaction is first signed – a signed transaction is a digital signature derived from the private key, and it validates the transaction on the network. Compared to classical computers, quantum computers can exponentially extrapolate this information.
Initially, Bitcoin Core Software might provide some level of protection because it only uses an address once, and then sends the remaining balance (if any) to another address in your keypool. However, third party Bitcoin wallets can and do use an address multiple times for outgoing transactions. For instance, this could be a big problem for users that accept donations (if they don’t update their donation address every time they remove funds). The biggest downside to Bitcoin Core Software is the amount of hard-drive space required, as well as diligently retaining an up-to-date copy of the entire blockchain ledger.
Nonetheless, as quantum computers evolve, they will inevitably render SHA256 vulnerable, and although this will be one of the first hash algorithms cracked by quantum computers, it won’t be the last!

Are any cryptocurrencies planning for the post-quantum cryptography world?

Yes, indeed, there are! Here is a short list of ones you may want to know more about:

Full disclosure:

Although I am in no way associated with any project listed above, I do hold coins in all as well as Bitcoin, Litecoin and many others.
The thoughts above are based on my personal research, but I make no claims to being a quantum scientist or cryptographer. So, don’t take my word for anything. Instead, do your own research and draw your own conclusions. I’ve included many references below, but there are many more to explore.
In conclusion, the intention of this article is not to create fear or panic, nor any other negative effects. It is simply to educate. If you see an error in any of my statements, please, politely, let me know, and I will do my best to update the error.
Thanks for reading!

References

[i] https://www.youtube.com/watch?v=JhHMJCUmq28 – A great video explaining quantum computers.
[ii] https://www.doc.ic.ac.uk/~nd/surprise_97/journal/vol4/spb3/ - A brief history of quantum computing.
[iii] https://en.wikipedia.org/wiki/Apple_Lisa - More than you would ever want to know about the Apple Lisa.
[iv] https://www.youtube.com/watch?v=tpIctyqH29Q&list=PL8dPuuaLjXtNlUrzyH5r6jN9ulIgZBpdo - Want to learn more about computer science? Here is a great crash course for it!
[v] https://www.collinsdictionary.com/dictionary/english/quantify - What does quantify mean?
[vi] https://en.bitcoin.it/wiki/Private_key - More info about Bitcoin private keys.
[vii] https://www.securityinnovationeurope.com/blog/page/whats-the-difference-between-hashing-and-encrypting - A good example of the deference between Hash and Encryption
[viii] https://lbc.cryptoguru.org/stats - The Large Bitcoin Collider.
[ix] http://directory.io/ - A list of every possible Bitcoin private key. This website is a clever way of converting the 64 character uncompressed key to the private key 128 at a time. Since it is impossible to save all this data in a database and search, it is not considered a threat! It’s equated with looking for a single needle on the entire planet.
[x] https://uwaterloo.ca/institute-for-quantum-computing/quantum-computing-101#Superposition-and-entanglement – Brief overview of Superposition and Entanglement.
[xi] https://www.washingtonpost.com/world/national-security/nsa-seeks-to-build-quantum-computer-that-could-crack-most-types-of-encryption/2014/01/02/8fff297e-7195-11e3-8def-a33011492df2_story.html?utm_term=.e05a9dfb6333 – A review of the Penetrating Hard Targets project.
[xii] https://en.wikipedia.org/wiki/Post-quantum_cryptography - Explains post-quantum cryptography.
[xiii] https://www.nebulas.io/ - The nebulas project has some amazing technology planned in their roadmap. They are currently in testnet stage with initial launch expected taking place in a few weeks. If you don’t know about Nebulas, you should check them out. [xiv] https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory - Country’s stance on crypto currencies.
[xv] https://www.cnbc.com/2017/08/30/venezuela-is-one-of-the-worlds-most-dangerous-places-to-mine-bitcoin.html - Don’t be a miner in Venezuela!
[xvi] http://www.newsweek.com/russia-bitcoin-avoid-us-sanctions-cryptocurrency-768742 - Russia’s plan for their own crypto currency.
[xvii] http://www.telegraph.co.uk/technology/2018/01/05/visa-locks-bitcoin-payment-cards-crackdown-card-issue - Recent attack from visa against crypto currency.
[xviii] https://www.ccn.com/non-government-digital-currency-junk-says-mastercard-ceo-rejecting-bitcoin/ - Mastercards position about Bitcoin.
[xix] http://www.livebitcoinnews.com/discover-joins-visa-mastercard-barring-bitcoin-support/ - Discovers position about Bitcoin.
[xx] http://fortune.com/2017/10/20/mastercard-blockchain-bitcoin/ - Mastercard is making their own blockchain.
[xxi] https://bitcoincore.org/en/2015/12/21/capacity-increase/ - News about Bitcoin capacity. Not a lot of news…
[xxii] https://learn.iota.org/faq/what-makes-iota-quantum-secure - IOTA and quantum encryption.
[xxiii] https://eprint.iacr.org/2011/191.pdf - The whitepaper of Winternitz One-Time Signature Scheme
[xxiv] https://cardanoroadmap.com/ - The Cardano project roadmap.
[xxv] https://eprint.iacr.org/2017/490 - More about the BLISS hash system.
[xxvi] https://www.ethereum.org/ - Home of the Ethereum project.
[xxvii] https://en.wikipedia.org/wiki/SHA-3#Security_against_quantum_attacks – SHA3 hash algorithm vs quantum computers.
[xxviii] https://en.wikipedia.org/wiki/Lamport_signature - Lamport signature information.
[xxix] https://theqrl.org/ - Home of the Quantum Resistant Ledger project.
submitted by satoshibytes to CryptoCurrency [link] [comments]

The Forthcoming CryptoTrapdoor

TLDR: CIA wants you to use bitcoin, but CIA is bad and they are up to something. When you've traded your last dollars, they'll laugh and pull the plug on bitcoin. Then you will be sad.
UPDATE:
Google is developing cryptocoin tools. Ok so the problem with that is manifold
  1. ) We know google is CIA; CIA is very untrustworthy--they've spied on us illegally since 9/11 created a security state junta; they got their start with inqtel a cia company; assange says its cia; everything they do from censoring technopopulists to promoting a fugitive from the law hillary clinton (by our FBI's own admission in congress!) over a lawfully elected president, while undermining the same....all suggest Google is still CIA.
  2. ) CIA was effectively a merger of former US intelligence and expropriated Nazi intelligence and researchers (Operation Paperclip), guided by a Nazi sympathizer whose post-WW2 work was serving as a lawyer and strategist to assist Nazi officers escape punishment and hide their wealth through various financial proxies (Allen Dulles). This is our true history. Dulles also was fired by JFK and then was charged with producing the Warren Report about JFK's assassination. MKULTRA is where we drugraped teens to blackmail politicians (brownstone ops), drugraped prostitutes and soldiers (edgewood), and performed unethical human experimentation that continues to this day. That was CIA, Navy, Darpa
  3. ) I'll say it again, a Nazi sympathizer who hid nazi gold in switzerland and ran ratlines to argentina for nazi officers, who wanted to use a false flag operation to destroy Cuba but was denied, was in charge of JFK's investigation. Kind of like having a Deepstate operative like Robert Mueller type in charge of the official 9/11 report isn't it?
  4. ) CIA is Wall Street's private army.
  5. ) NSA scans your emails, your text messages, all your information---"capture it all". They have been caught several times front-running on your private data. Any screenplay you wrote, any invention you put in a file on the google drive, and investments you're planning, any business projects you're in----they have already read and are already using in an anti-competitive way, front running on your good ideas.
  6. ) Through asset forfeitures, the US Government has a majority of Bitcoin; this is from mt gox hack recovery, silk road, silk road 2, alphabay and other darknet seizures abroad of bitcoin
  7. ) The US Government has spent 6 months colluding with the media to undermine Trump with a fake story that everyone now knows is fake (except a vanishingly few marginal, sophomoric violents, antifa types in california).
  8. ) The FBI has spent now over a year maintaining a falsified document leveraged to create a disinfo to create a psychological war against US citizens, in lieu of doing their ACTUAL job of busting a now-widely known SPY RING IN CONGRESS
  9. ) The US Government (Permanent State) has been bitching, moaning, whining about every little thing Trump has done; failing to recognize his accomplishments which are objectively pro-citizen; while letting very high level criminal avoid punishment---creating a dual justice system
  10. ) Cryptocoin has skyrocketted based well beyond confidence if you look historically at DOW industrial trends...this is a bubble, an obvious bubble. Who is blowing this bubble? Well look who has the majority share
  11. ) You don't know who runs the exchanges, but the modus operandi of those who run the exchanges are that of both criminals and intelligence agencies. I suggest it's both of them working together to run the exchanges
  12. ) After all, you can't mine bitcoin now, if you do you'll lose money because electricity to mine costs more than what you'll get from mining unless you already own vast mining infrastructure--this is the marginal cost of mining. The marginal cost of mining far exceeds purchase price of bitcoin so you might as well buy it
  13. ) Who has spare bitcoin to sell, if mining is so unprofitable AND bitcoin keeps going up? Who would sell bitcoin if it's that compelling? LOL THINK! G D it. THINK!!!! Use your brain. Someone is dumping bitcoin on you, and you're eating it up, thinking you're a genius for investing in it so early.... it's a trap...it's a honeypot. Owning a bitcoin is not a illuminati scout member badge into an exclusive club you dolts
Given that the US Security-Industrial complex, the 17 agencies, primarily CIA, NSA, FBI, NGA, DoD have been using that unaccounted-for 20T dollars now to spy on--not only us, the lumpen citizens of US, but also our Congress members--through the Pakistani liaison loophole of the Awan Brothers, it's very clear that they have NOT honored the underlying principles and values of our constitution and our culture generally. They are concerned with making money by any and all possible means---even through absolute evil--and they are concerned with controlling society very rigidly through technology, psychology, exploitation of human fears, wants and aspirations.
One way to control people is through money. When society gets out of control, especially when they start to doubt, or to hate, the control imposed upon them, the government goes absolutely insane
Because we've already proven in an earlier post that the US Government is the batshit paranoid conspiracy theorist that has ever existed, and it uses any and all desperate measures to control people's minds. That is it's true purpose and operating principle above all else. Money is just a means to that end. The mental health industry is a means to that end. The music and film industries are a means to that end. Academia is a means to that end. Modern art is a means to that end. I could go on and on how the CIA has inserted itself into all aspects of culture to create an enormous establishmentarian cult, but that's not the point of this post--though mentioning this is germane to this post to the extent that it's necessary to understand in the context of the CRYPTOCOIN TRAPDOOR>>>
So what is this cryptocoin trapdoor?
Hmm. Let me try to explain this in terms of a ruse that happened to me last year. I was invited to join a sub /sphinxclub which was ostensibly an 'antimason' sub. I had been down on freemasons / jesuits (still am) at least high level ones. I see them as the common denominator in many of these strategies-of-tension around the world, and the evidence for that is overwhelming. So I joined sphinxclub and after little activity we asked the sub's creator "so what is this sub about, what are we doing here, who wants to start the dialogue". The answer was something like "we're waiting for 20 mods to be invited so we can open the trapdoor and send everyone into hell". I thought it was a joke, and then there was an 'assignment' which I believed (in my opinion) was asking people to commit an act of left-wing terrorism against a defense contractor in florida who was believed to be using electromagnetic waves as harassment and mind control to create 'mass murder shooters' like the Navy Yard shooting. Of course I'm interested in figuring out if there's truth to this, but the means was illegal, so I left.
This strategy is both a honeypot and a trapdoor. Honeypot to bring you in and waste your time (timeloop you, waste your effort otherwise spent on writing subversive essays that undermine the establihment). Trapdoor to get you put in jail.
I believe crypto is the same type of honeypot-trapdoor
Honeypot because
  1. ) Honeypot because it's going up very quickly and now bitcoin is worth more than gold
  2. ) John McAffee a renowned technologist and drug-addled madman with spooky origins says he'll eat his penis if bitcoin isn't worth more than what a million by 2020? Something like that. He allegedly has his own mining facility in latin america, iirc.
  3. ) Honeypot because Google is now going to support it
  4. ) Honeypot because US Gov is looking the other way and China supported it
Tradoor because
  1. ) China banning it
  2. ) Finanical experts warning it's a fraud
  3. ) Me warning it's a fraud because the NSA has over 2000 Qbit quantum computers now and likely runs the exchanges
  4. ) Ebay is using it -- George Webb's research tied Omidyar directly to Deepstate
  5. ) CIA is Wall Street's private army and cannot have a situation they dont' control.
  6. ) Max Keiser and Stacey Hubert have said, numerous times, with many financial guests that NSA/CIA are manipulating markets while using the media to have you believe it's anarchic...it's an illusion
  7. ) JP Morgan is trying to manipulate crypto in europe now
  8. ) If you exchange your dollars for bitcoin, and then bitcoin plummets, then the elite have just taken your last bit of wealth away
  9. ) At this point the only people who can make money off bitcoin ARE the elite, so buying crypto is a cannabalization of dollar-owners by the political elite on the industrial/retail elite -- intelligence-aligned (dynastic) rich are eating the nouveau rich; and they are eating left-coast crypto liberals also
  10. ) EDIT: Oops forgot about civil asset forfeiture of unpaid capital gains taxes on crypto being like a stock
What is your agenda with this anti-bitcoin stuff?
I have none. These are just my thoughts I'm sharing with you and why I no longer support bitcoin until such time there are laws that guarantee that these things I worry about are inhibited. In other words, we need a non-corrupt intelligence community and guarantee they aren't manipulating it before I can trust using any kind of crypto currency. I'm telling you because I want you to make sound choices with your money and be happy and have a good safe life.
The best thing you can do right now is watch this video
What can you do?
Buy gold, silver, platinum. Or a tractor. Or bullet making equipment. Because guns are worthless without bullets.
Sources
submitted by 911bodysnatchers322 to C_S_T [link] [comments]

More unanswered questions about Bitcoin from a butthurt crypto critic

copypasta'd from my zerohedge comment section
These people still haven't adequately explained several things to us
1) Why they think that totalitarian governments who now have quantum computers and 5000+ qbit processors can't unzip the blockchain and aren't actively doing this now or trying to. We know that a 4 qbit processor can crack a 4bit encryption by merit of the fact a it calculates all possible solutions in parallel and picks the correct one, whereas a linear processor must try each one sequentially, making time to brute force crack a password grow at least linearly/proportionately with the size of the key(s) or geometrically with stronger crypto algoritms. The point is that these algos are not quantum proof, and that is said in their own literature in science journals. So that's point 1.
2) Point 2--Why adopt and put all your faith in this scheme if the governments haven't sanctioned it? And even if they have, they are super DUPER corrupt. The last year alone and all the scandals should tell you have the CIA operates and they have actively trying been trying to create a 2 class society of upper and underclass....why do you think a system like this is safe if it truly empowers the underclass and isn't a ploy to get them to invest their actual dollars into it and then turn the lights off and that money has been taken away.
You may say, 'taken away'? You mean destroyed, right? When stock falls it's gone right? NO. Not in the case of crypto. If you mined it, then the energy industry has your money, because it took money to mine bitcoin.
3) Bitcoin is so difficult to mine now (complexity has increased) that the barrier to entry is so high that you have to own a solar farm of your own and a datacenter to do it; so most people either PAY for bitcoin, or they PAY someone else with a datacenter to mine in the cloud, which is increasingly a stupid option because it's risky and the payoff is not so much as to be more desirable than buying bitcoin
Where do you buy bitcoin then? Especially since it keeps going UP UP UP, who in their right mind is going to sell it?
Exchanges
Where do they get their bitcoin from? Mining? HAHA that's a laugh, miners making bitcoin aren't going to sell it
WHere do you get bitcoin from when no one wants to sell?
4) Well you get it from Exchanges
Ok who owns the exchanges?
....
....Anyone..?
...?
I'm guessing it's the CIA / NSA / DEA. After all they confiscated a ton of bitcoin from darknet drug sites and continue to do so on a daily basis. WIth the shutdown of Silk Road, Silk Road 2, Silk Road 2.2, Alphabay, they are setting people up, getting their bitcoin and their drugs
Wash rinse recycle
Bitcoin price goes up as it becomes more rare...right? I mean you thought this was just from some market cap going up at an accelerated pace? Why would it do that if the complexity is getting harder....?
..Oh because the NSA is using their computers now probably to mine bitcoin to keep this illusion going
Some people are probably injecting real money into this thing, but they are buying bitcoin from the FBI, Counterintelligence, DEA, CIA, NSA, etc...the intelligence community as a drug interdiction/money laundering darknet honeypot by my estimation
I could be very wrong. We don't know but it's a better explanation than any I've heard.
5) Anyone (like the teen) who bought into bitcoin and then bought a house with it will eventually be targetted by Sessions / DOJ for failing to pay capitol gains tax on it. Therefore it will be subject to asset forfeiture and seized byt he government.
I KNOW this is going to happen. I KNOW IT WILL. You can be all cavelier about it, but this is an inevitability.
I don't see Congress passing any kind of bitcoin or crypto related capital gains tax bills because these people can't find their way out of a paper bag or even remember to take their Alzheimers meds, much less understand EVEN REMOTELY how crypto works
So the DOJ/IRS are going to use this as a mass wealth grab strategy and the media will just be like, "hey you don't get something for nothing", "no free lunch", "#shrugsnotdrugs", "bit what?"
So if they legitimize bitcoin, they will probably asset forfeiture
If they de-legitimize bitcoin, they will use the incredible infrastructure of the NSA to block bitcoin like they've done bittorrent and VPNS. You'll fight them for a while but you will fail. ISPs will be mandated to block or cut off your internet if you use crypto
I doubt they'll do option 2, so they'll do option 1 and take your unpaid capital gains tax
submitted by 911bodysnatchers322 to C_S_T [link] [comments]

I decided to post this here as I saw some questions on the QRL discord.

Is elliptic curve cryptography quantum resistant?
No. Using a quantum computer, Shor's algorithm can be used to break Elliptic Curve Digital Signature Algorithm (ECDSA). Meaning: they can derive the private key from the public key. So if they got your public key, they got your private key, and they can empty your funds. https://en.wikipedia.org/wiki/Elliptic-curve_cryptography#Quantum_computing_attacks https://eprint.iacr.org/2017/598.pdf
Why do people say that BTC is quantum resistant, while they use elliptic curve cryptography? (Here comes the idea from that never reusing a private key from elliptic curve cryptography (and public key since they form a pair) would be quantum resistant.)
Ok, just gonna start with the basics here. Your address, where you have your coins stalled, is locked by your public- private key pair. See it as your e-mail address (public key) and your password (Private key). Many people got your email address, but only you have your password. If you got your address and your password, then you can access your mail and send emails (Transactions). Now if there would be a quantum computer, people could use that to calculate your password/ private key, if they have your email address/ public key.
What is the case with BTC: they don't show your public key anywhere, untill you make a transaction. So your public key is private untill you make a transaction. How do they do that while your funds must be registered on the ledger? Wel, they only show the Hash of your public key (A hash is an outcome of an equation. Usually one-way hash functions are used, where you can not derive the original input from the output. But everytime you use the same hash function on the same original input (For example IFUHE8392ISHF), you will always get the same output (For example G). That way you can have your coins on public key IFUHE8392ISHF, while on the chain, they are on G.) So your funds are registered on the blockchain on the "Hash" of the public key. The Hash of the public key is also your "email address" in this case. So you give "G" as your address to send BTC to.
By the way, in the early days you could use your actual public key as your address. And miners would receive coins on their public key, not on the hashed public key. That is why all the Satoshi funds are vulnerable to quantum attacks even though these addresses have never been used to make transactions from. These public keys are already public instead of hashed. Also certain hard forks have exposed the public keys of unused addresses. So it's really a false sense of security that most people hang on to in the first place.
But it's actually a false sense of security over all.
Since it is impossible to derive a public key from the Hash of a public key, your coins are safe for quantum computers as long as you don't make any transaction. Now here follows the biggest misconseption: Pretty much everyone will think, great, so BTC is quantum secure! It's not that simple. Here it is important to understand two things:
1 How is a transaction sent? The owner has the private key and the public key and uses that to log into the secured environment, the wallet. This can be online or offline. Once he is in his wallet, he states how much he wants to send and to what address.
When he sends the transaction, it will be broadcasted to the blockchain network. But before the actual transaction that will be sent, it is formed into a package, created by the wallet. This happens out of sight of the sender.
That package ends up carrying roughly the following info: The public key to point to the address where the funds will be coming from, the amount that will be transferred, the public key of the address the funds will be transferred to.
Then this package caries the most important thing: a signature, created by the wallet, derived from the private- public key combination. This signature proves to the miners that you are the rightfull owner and you can send funds from that public key.
So this package is then sent out of the secure wallet environment to multiple nodes. The nodes don’t need to trust the sender or establish the sender’s "identity." And because the transaction is signed and contains no confidential information, private keys, or credentials, it can be publicly broadcast using any underlying network transport that is convenient. As long as the transaction can reach a node that will propagate it into the network, it doesn’t matter how it is transported to the first node.
2 How is a transaction confirmed/ fullfilled and registered on the blockchain?
After the transaction is sent to the network, it is ready to be processed. The nodes have a bundle of transactions to verify and register on the next block. This is done during a period called the block time. In the case of BTC that is 10 minutes.
If you comprehend the information written above, you can see that there are two moments where you can actually see the public key, while the transaction is not fullfilled and registered on the blockchain yet.
1: during the time the transaction is sent from the sender to the nodes
2: during the time the nodes verify the transaction.
This paper describes how you could hijack a transaction and make a new transaction of your own, using someone elses address to send his coins to an address you own during moment 2: the time the nodes verify the transaction:
https://arxiv.org/pdf/1710.10377.pdf
"(Unprocessed transactions) After a transaction has been broadcast to the network, but before it is placed on the blockchain it is at risk from a quantum attack. If the secret key can be derived from the broadcast public key before the transaction is placed on the blockchain, then an attacker could use this secret key to broadcast a new transaction from the same address to his own address. If the attacker then ensures that this new transaction is placed on the blockchain first, then he can effectively steal all the bitcoin behind the original address."
So this means that practically, you can't call BTC a quantum secure blockchain. Because as soon as you will touch your coins and use them for payment, or send them to another address, you will have to make a transaction and you risk a quantum attack.
Why would Nexus be any differtent?
If you ask the wrong person they will tell you "Nexus uses a combination of the Skein and Keccak algorithms which are the 2 recognized quantum resistant algorithms (keccal is used by the NSA) so instead of sha-256, Nexus has SK-1024 making it much harder to break." Which would be the same as saying BTC is quantum resistant because they use a Hashing function to hash the private key as long as no transaction is made.
No, this is their sollid try to be quantum resistant: Nexus states it's different because they have instant transactions (So there wouldn't be a period during which time the nodes verify the transaction. This period would be instant.) Also they use a particular order in which the miners verify transactions: First-In-First-Out (FIFO) (So even if instant is not instant after all, and you would be able to catch a public key and derive the private key, you would n't be able to have your transaction signed before the original one. The original one is first in line, and will therefore be confirmed first. Also for some reason Nexus has standardized fees which are burned after a transaction. So if FIFO wouldn't do the trick you would not be able to use a higher fee to get prioritized and get an earlyer confirmation.
So, during during the time the nodes verify the transaction, you would not be able to hijack a transaction. GREAT, you say? Yes, great-ish. Because there is still moment # 1: during the time the transaction is sent from the sender to the nodes. This is where network based attacks could do the trick:
There are network based attacks that can be used to delay or prevent transactions to reach nodes. In the mean time the transactions can be hijacked before they reach the nodes. And thus one could hijack the non quantum secure public keys (they are openly included in sent signed transactions) who then can be used to derive privatekeys before the original transaction is made. So this means that even if Nexus has instant transactions in FIFO order, it is totally useless, because the public key would be obtained by the attacker before they reach the nodes. Conclusion: Nexus is Nnot quantum resistant. You simply can't be without using a post quantum signature scheme.
Performing a DDoS attack or BGP routing attacks or NSA Quantum Insert attacks on a peer to peer newtork would be hard. But when provided with an opportunitiy to steal billions, hackers would find a way. For example:
https://bitcoinmagazine.com/articles/researchers-explore-eclipse-attacks-ethereum-blockchain/
For BTC:
https://eprint.iacr.org/2015/263.pdf
"An eclipse attack is a network-level attack on a blockchain, where an attacker essentially takes control of the peer-to-peer network, obscuring a node’s view of the blockchain."
That is exactly the receipe for what you would need to create extra time to find public keys and derive private keys from them. Then you could sign transactions of your own and confirm them before the originals do.
By the way, yes this seems to be fixed now, but it most definately shows it's possible. And there are other creative options. Either you stop tranasctions from the base to get out, while the sender thinks they're sent, or you blind the network and catch transactions there. There are always options, and they will be exploited when billions are at stake. The keys can also be hijacked when a transaction is sent from the users device to the blockchain network using a MITM attack. The result is the same as for network based attacks, only now you don't mess with the network itself. These attacks make it possible to 1) retrieve the original public key that is included in the transaction message. 2) Stop or delay the transaction message to arrive at the blockchain network. So, using a quantum computer, you could hijack transactions and create forged transactions, which you then send to the nodes to be confirmed before the nodes even receive the original transaction. There is nothing you could change to the Nexus network to prevent this. The only thing they can do is implement a quantum resistant signature scheme. They plan to do this in the future, like any other serious blockchain project. Yet Nexus is the only of these future quantum resistant projects to prematurely claim to be quantum resistant. There is only one way to get quantum resistancy: POST QUANTUM SIGNATURE SCHEMES. All the rest is just a shitty shortcut that won't work in the end.
(If you use this info on BTC, you will find that the 10 minutes blocktime that is used to estimate when BTC will be vulnerable for quantum attacks, can actually be more then 10 minutes if you catch the public key before the nodes receive them. This makes BTC vulnerable sooner thatn the 10 min blocktime would make you think.)
By the way, Nexus using FIFO and standadrized fees which are burned after the transaction comes with some huge downsides:
Why are WOTS+ signatures (and by extension XMSS) more quantum resistant?
First of all, this is where the top notch mathematicians work their magic. Cryptography is mostly maths. As Jackalyst puts it talking about post quantum signature schemes: "Having papers written and cryptographers review and discuss it to nauseating levels might not be important for butler, but it's really important with signature schemes and other cryptocraphic methods, as they're highly technical in nature."
If you don't believe in math, think about Einstein using math predicting things most coudldn't even emagine, let alone measure back then.
Then there is implementing it the right way into your blockchain without leaving any backdoors open.
So why is WOTS+ and by extension XMSS quantum resistant? Because math papers say so. With WOTS it would even take a quantum computer too much time to derive a private key from a public key. https://en.wikipedia.org/wiki/Hash-based_cryptography https://eprint.iacr.org/2011/484.pdf
What is WOTS+?
It's basiclally an optimized version of Lamport-signatures. WOTS+ (Winternitz one-time signature) is a hash-based, post-quantum signature scheme. So it's a post quantum signature scheme meant to be used once.
What are the risks of WOTS+?
Because each WOTS publishes some part of the private key, they rapidly become less secure as more signatures created by the same public/private key are published. The first signature won't have enough info to work with, but after two or three signatures you will be in trouble.
IOTA uses WOTS. Here's what the people over at the cryptography subreddit have to say about that:
https://www.reddit.com/crypto/comments/84c4ni/iota_signatures_private_keys_and_address_reuse/?utm_content=comments&utm_medium=user&utm_source=reddit&utm_name=u_QRCollector
With the article:
http://blog.lekkertech.net/blog/2018/03/07/iota-signatures/
Mochimo uses WOTS+. They kinda solved the problem: A transaction consists of a "Source Address", a "Destination Address" and a "Change Address". When you transact to a Destination Address, any remaining funds in your Source Address will move to the Change Address. To transact again, your Change Address then becomes your Source Address.
But what if someone already has your first address and is unaware of the fact you already send funds from that address? He might just send funds there. (I mean in a business environment this would make Mochimo highly impractical.) They need to solve that. Who knows, it's still a young project. But then again, for some reason they also use FIFO and fixed fees, so there I have the same objections as for Nexus.
How is XMSS different?
XMSS uses WOTS in a way that you can actually reuse your address. WOTS creates a quantum resistant one time signature and XMSS creates a tree of those signatures attached to one address so that the address can be reused for sending an asset.
submitted by QRCollector to QRL [link] [comments]

Steemit is probably control grid. The litmus tests are it's bitcoin basis, avaricious virality, people like WAC supporting it, and that they suppress 'conspiracy'

Steemit is based on bitcoin, they claim. That makes it censorship resistant, they say. We honestly don't know their backend, we have to trust that they aren't casting an illusion on us by publishing technical details of steemit's working that don't actually match reality. It would be trivial to spoof the alleged activity and mechanisms of bitcoin on steemit. If you don't get to see the backend, you just have to believe them. They use their own steemit currency also.
It does seem, however, to be legit if people are getting paid. But there are ways to spoof that also...you could have an internal currency and 'curators' who decide what something is worth (see the 'bernie sanders scam dollarvigilante' post below).
For example, the US government has unlimited money ('QE') to spend on a successful propaganda campaign to destroy reddit. After all, knowledge is power and the total fucking distrust of the american people towards the government is priceless.
Secondly, if Bitcoin itself is a scam, then steemit is a scam too.
Bitcoin involves cracking a code. Who has the most / best equipment to crack codes? The NSA. They have a few trillion dollars invested in a whole building that is a computer. Because of US Military Intelligence's (USMI's) NSA PRISM, bitcoin is an Elitist system you no longer have access to. I'll expand.
You can no longer make money on it if you didn't get in on it from the get-go. It's a ponzi scheme. In order to mine for bitcoin, you have to have expensive equipment. You can't buy enough equipment now to make enough bitcoin to pay for it and make a narrow margin, because of the way the system has worked. In the beginning, mining was easy, but now it's all mined out and more computer power + time is needed to unlock harder puzzles. That's just how it works.
So to start now, you'd need an astronomical investment in computer equipment and lots of spare, discounted energy, like for example a solar farm. No one has that. It's inherently more elitist as time goes on. If you started now, with your computer, it would take over 20 yrs on average to get a bitcoin block, if you ever did get one--which you might not.
My point is that bitcoin has always been elitists, never democratic. It was never based on anything other than who has the most energy and technology. People who got started early have the equipment, so does the USMI. USMI also has unlimited power: they have excess coal reserves, some hydro, some solar and wind, and lots of natural gas and fracking petrol; they also have nukes, which means 'cheaper oil than everywhere else in the world....or else'.
Therefore, the people who will have the most bitcoin at the end of the day is the US military and the 1%, period.
It's also pretty clear the NSA are developing quantum computers. People have speculated that bitcoin at present does not use quantum safe algorithms, and therefore at some point the US Mil can steal all the bitcoin that hasn't been transferred into a paper wallet. That paper does no good either because the moment that bitcoin is put into a usable electronic wallet and a firewall opened, bam, it could be taken by an omnipresent AI agent that's running as several autonomous micro instances in your dishwasher, nest AC controller, your amazon dash button, your iphone, etc.
First they fight you, then they win
Only Governments engage in activities that involve inhibiting or threatening cryptocurrencies (and it's useful to mention they fight crypto tools generally...they fought pgp, they fought phpphone, they fought tor, they fought i2p, freenet, torrent, VPNs, they totally undermined SSL with heartbleed, etc).
Then the Silkroad busts. Other darknet sites. Hacks on bitcoin exchanges and banks. Threats of TOR being undermined, heartbleed SSL bug making everyone question everything's security.
Who ended up with that money? The 1%.. The NSA? <-- coin telegraph or cointel-egraph
You will notice the US Government fought bitcoin at first, trying to rope in the IRS, the SEC and trying to lawyer up on bitcoin, threatening everyone who was playing, and dissuading everyone from getting in on bitcoin. (interesting, eh?)
Until the moment they seized the 20M or so in bitcoin from silkroad. And that happened around the same time the exchanges were starting to be compromised and bitcoin stolen. Then suddenly, the US changed its tune and bitcoin is no longer a threat. Why is that? Think!
It's that now that bitcoin has value (ie: bitcoin now has the potential to be exchanged for goods and services because of the public's trust of the currency to have said value), and that if the US has the lion's share of bitcoin, well they wouldn't to go fighting against a currency because that would only destroy its value. They aren't going to destroy their own wealth, or act against it, in other words.
Avarice and SCAM
When I first went to Steemit, this article was prominent. Now you can't find it unless you search. Everyone should read, esp. about how Sanders is abusing the system.
https://steemit.com/steemit/@dollarvigilante/steemit-is-a-scam-how-bernie-sanders-screwed-me
Yet, it's now back up to 2k+ Which is good.
Also this user 'knows the CEO' and made 12k in one month, isn't that something. Too bad I don't know the CEO
https://www.reddit.com/steemit/comments/4qug59/is_steemit_legit/d4y7yow https://www.reddit.com/steemit/comments/4qug59/is_steemit_legit/d4z2je1
and yet
https://www.reddit.com/steemit/comments/4tmrgy/steem_is_scam_proof_inside/
Conspiracy tag suppression
https://www.reddit.com/conspiracy/comments/4x54ij/steemit_selfcensorship_of_tag_conspiracy_it/
WAC supports it, so it's control grid
https://www.reddit.com/conspiracy/comments/4yily6/steemit_a_reddit_alternative_takes_up_steam_with/d6nyazx
Fluke, you are my faaather
https://np.reddit.com/conspiracy/comments/4w5man/luke_the_snook_wacoffski/
But! Corbett supports it
I trust James Corbett, but I don't know why he's so quick to jump on steemit. Seems premature, especially since they clearly suppress the conspiracy tag.
And knowing the relationship of bitcoin to power (it's a petrol-backed currency!!!!!!!!!!!!!!), and given he's made a documentary based on the history of petrol, he should know better than to back a dubious cryptocurrency based on oil. Period.
https://www.reddit.com/conspiracy/comments/4x5tsk/corbettreport_video_on_shilling_out_of_control/
Trust but verify
I'm ok with something new. In fact I tried Steemit and I like it. However, very few saw my post, nor will many. Because it was tagged conspiracy as primary, and conspiracy will not show up in lists. You have to get to conspiracy by gaming the url manually. That's lame.
No Response from Support I've told steemit about this, but I've not even gotten an email response to say, we'll respond when we can. It's literally gone into a black hole. Steemit also did not respond to another unrelated support question I sent days before the 'glitch' support email.
Fragmentation
If you think I'm 'throwing shade' on steemit, I'm not. I'm asking valid questions and pointing out things you might have missed. Shill away if you must, but I'm pretty much convinced that Steemit is just control grid, designed to fragment the /conspiracy and other communities on reddit primarily (since it's an alternative to reddit). They tried this with voat and they are trying again by monetizing it. You see that's the killer app. Trying to tempt you with money. Only problem is, it's based on bitcoin and it pays out ... what if bitcoin falls apart...as it was designed to do....all along.
submitted by 911bodysnatchers322 to conspiracy [link] [comments]

69 reasons I've heard why Bitcoin will fail...

It’s a Ponzi scheme Tulip bulbs! It’s a fraud Too deflationary They can just raise the 21 million coin cap We already have money that works perfectly well We already have digital currency It’s digital fiat currency You need a central bank during financial crises You need a central bank to ensure the right amount of money 21 million coins isn’t enough for the global economy It’s not real I can’t hold it in my hand No intrinsic value Nothing backs it Other than money it has no use Unlike Bitcoin, gold can be used as jewelry or in electronics No government backing I can’t pay my taxes with it They’ll just shut it down They’ll just make it illegal EMP Quantum computing Too complicated for most people I don’t understand it My financial adviser said to stay away It’s been hacked Mt Gox was hacked Used for only illegal activities like drugs and child porn When they shut Silk Road down no one will use it North Korea owns a lot of it It’s too anonymous A more anonymous coin will replace it Too volatile Can’t be a store of value No FDIC insurance if you lose your coins Once Wall St. comes in they will smash the price down and you’ll be left holding the bag No one knows who created it The NSA created it It’s a scheme by the global elite to form one world currency that they control They’ll find a bug in the software Satoshi will dump his coins and cash out Unfair benefits to early adopters Unfair coin distribution and wealth inequality Barely anyone can afford a bitcoin Blockchain is the real innovation not Bitcoin Governments will just create their own cryptocurrency Amazon will just create their own cryptocurrency The government can just shut down the internet When the electricity goes out then what? It’s a libertarian/cypherpunk fantasy Needs AML/KYC Needs proper regulation for mass adoption No one will use it because it’s value keeps going up Bitcoin is like MySpace they’ll be a newer Bitcoin 2.0 It doesn’t have smart contracts like Ethereum It’s not Turing complete What stops me from creating my own cryptocurrency? An infinite amount of cryptocurrencies can be created so it’s not scarce Not enough transactions per second It can’t scale Mining is controlled by China Mining needs to be ASIC resistant Mining is useless and a waste of energy Mining is bad for the environment Proof of stake is better than proof of work Bitcoin is evil
submitted by xcsler to Bitcoin [link] [comments]

A way to solve Monero's quantum, scaling, and slight-trust problems

Put your tin foil hats on for a second.
In 2014, scientists used 4 qubits and Shor's algorithm to factor the number 56,153. In 2016, the Pentagon got audited and could not account for 6.5 trillion fucking dollars lol. What if they used that money to develop a quantum computer, capable of breaking all modern encryption! :O It would give the U.S. (if successfully kept a secret) one of the biggest advantages over every single country that the world has ever seen, and this advantage would justify almost any expense.. What if they have one right now?!
OK you can take your hats off. Let me start off by saying that I do not think the U.S. has such a quantum computer. In fact, I would argue that it is super, super, super unlikely, at least at this very second. However, I would also argue that it does not === 0% either. Maybe it is .0000001%, or maybe its .000000000001%. Regardless of what it actually is, we can all agree that it is a positive, finite number. And with every second that ticks by, that number increases ever so slightly.
This finiteness should disturb you. We are all Siths here, we all like to deal in cryptographic absolutes. And as of right now, there is no way to know, with 100% cryptographic certainty, whether or not there are fake Monero in circulation.
If the NSA had a quantum computer today, it would be able to print a kajillion Monero out of thin air without anyone knowing. In my previous post, olark_0x00D8D8E5 referred me to a paper about switch commitments, which could be implemented to prevent this from happening. However, I think that this will only make sure that current confidential transactions are balanced, not previous transactions. If a quantum computer prints out a bunch of fake coins before this algorithm is implemented, then I think this evil deed will go undetected forever. If this is the case, then it is essentially a race to implement quantum-proof output types/algorithms before the evil gummit actually comes up with a such a device.
The problem is that once we implement all the cool quantum-proof stuff, someone could just fork Monero, completely restart the blockchain, and market this new chain as having === 0% chance of having fake 'quantum' coins in circulation, unlike that pesky Monero with its .00000001%. They could argue that Monero was just too ahead of its time, and cannot be considered 'sound money' with that finite number hanging over its head.
Is there a way that we can know, with 100% cryptographic certainty, whether or not there are fake coins in circulation? I think there is, and I'm going to call this technique a “MoneroNoob12345 Audit”, named after a great and humble man. To do such an audit, we would just need to follow 3 simple rules:
  1. Old output types can only ring with old output types, and new output types can only ring with new output types. In between these two output types is a one-way audit border.
  2. When converting from old output types to new output types (crossing the one-way audit border), you must publicly reveal the transaction amount being sent.
  3. After a specified Block X, no transactions are allowed to cross the audit border ever again.
Doing this would allow us to convert to quantum-proof algorithms/output types, while at the same time auditing the entire blockchain. If more coins cross the audit border than were ever mined, Monero's price would immediately drop to 0, and Monero would die the absolute quickest of deaths. She wouldn't even know what hit her :(
However, if we get to Block X, and the amount that has crossed the border is less than or equal to the amount that had been mined, then Monero lives to see another day, and we all become rich little heathens. Everyone could know with 100% certainty that there were 0 fake coins in circulation before the audit.
The most likely outcome of such an audit would be that less coins cross the audit border than were mined, due to lost coins and the like. This difference in coins can either be burned (increasing the scarcity of everyone's Monero), or redistributed to miners as a bonus over so many blocks (increasing the security of Monero while also maintaining the emission schedule). This, however, is a whole nother debate. I personally kind of like the latter, because with it you can get more of the benefits of inflation without the inflation (less dependence on fee market, dynamic blocksize, etc). These benefits would come at the expense of coins that are already screwed to begin with.
Regardless of which path we take, simply being able to numerically quantify the amount of screwed coins is pretty sweet.
Now how exactly does this help scaling? Well, after Block X, all of the old outputs are now utterly and completely useless! Throw that shit away! Out with the old, in with the new! Unbounded, exponential growth of the TXO set can officially suck our dicks!
Every audit would essentially create a brand new, fresh, 0MB blockchain that everyone peacefully transitions to. Every user would be able to verify that nothing funky has happened: they still have the same amount of Monero, and the supply of Monero is still the same (if not less) on this 'new' blockchain. The 'genesis outputs' on this new chain have their transaction amounts revealed, so anybody can add up these outputs as well as the chain's coinbases to calculate the total supply.
An occasional audit would actually solve one of Monero's tiny but inevitable trust issues too. With any opaque blockchain, there is always a small-but-finite chance that a genius 8 year old kid finds a bug in the code, and secretly exploits it, printing a kajillion coins in his mom's basement without anyone knowing. With Bitcoin, the second this happens, alarm bells start ringing, thanks to their blockchain being transparent. Monero has no such alarm bells, by design. The reason we don't have alarm bells is the reason why we all love Monero.
Audits could be a replacement for alarm bells. It could prove that the fears of fake coins are unwarranted again and again and again, while at the same time completely slashing the TXO set again and again and again. It is a win-win.
A downside to this idea is that some people want to send Monero to a paper wallet, and then forget about it for 20 years. To this I reply: tough shit. Again, someone could easily fork Monero after the quantum transition, restart the blockchain, and advertise a 0% chance of fake coins in their new chain. I am pretty sure that a lot of people would buy into this too, especially Siths. This has a chance of ultimately killing Monero, and consequently killing the complainer's stash. Participating in an occasional blockchain audit would be a small price to pay in order to use a beautiful, opaque blockchain.
Furthermore, everyday users of Monero are already having to update their software once every 6 months. so occasional audits won't be much of a drastic change. (Sidenote: I love the 6 month hardfork schedule, and I hope it never gets phased out.)
As decades pass, and the code becomes more and more set in stone, and technology progresses, these audits can occur way less and less frequently, if at all after a certain time. But during these primitive years, and especially when converting to quantum proof algorithms, I think it might be important to do this.
There is also the downside of having to publicly reveal the transaction amount when converting to new output types. However, because of Monero's anonymity features, like not knowing if these newly converted outputs have been spent, I do not think that this is a problem in the slightest. In fact, Monero publicly showed transaction amounts for much of its life; here, we are only doing it for just one single transaction.
This could open the door for a temporary 'rich list', where you rank these transaction amounts from highest to lowest. I personally don't see this as much of a problem either, but if it is, then we could just cap the max conversion amount. This would force whales to convert their stash in large chunks, in order to not spook the market or whatever.
Now this whole thing assumes that it is possible to publicly reveal the amount you are sending when converting from an old CT output to a new quantum proof one. I think this can be done if you publicly reveal the private view key of the address that you are sending to when crossing the audit border. This is possible if you are sending Monero to yourself, which is what I think should be happening when converting. Miners would have to verify that the private view key in the transaction lines up with the transaction's destination, and reject any that do not.
In summary: Audit the Monero! Slash the TXO! Profit!
Let me know what you think, and thanks for reading this far!
TLDR: Users send their Monero to a new output type by a certain deadline, and reveal the transaction amount when doing this (and only this). This would allow us to make sure that there are 0 fake coins in circulation, and at the same time slash the TXO set down to 0MB.
submitted by moneronoob12345 to Monero [link] [comments]

This morning I sent an email to a friend "Is bitcoin paying for N. Korea's rocketry program?" then a few hours later, True Pundit released an article, "North Korea is hacking bitcoin exchanges as currency value soars, expert says" -- WTF is going on?

1055am EST
North Korea is hacking bitcoin exchanges as currency value soars, expert says
Here's my email. It's pretty unpolished. It was a shower thought
908am EST
I guess it goes to what you consider consumer confidence to be
It's possible that the market cap on BTC is expanding rapidly with adoption, that is NOT what causes the value of BTC to increase, quite the opposite in terms of supply and demand
so what makes BTC's value go up?
constant trading
now if you have AI bots behind the exchanges (running the exchanges) and those ai bots are darpa projects, then you have bascailly have the military 'coaxing people through gaslighting' into adopting, by using their vanity and avarice and urgent fear of missing out against them.
By jumping in early they get to say, 'haha you missed the boat and I made out big: suckers!'
and they get digital dollars from nowhere, kind of like infinite-QE of goldman sachs, only they are using incremental injections of QE from goldman sachs to finance the uptick on BTC's price...it's essentially a QE laundering scheme that's powered by fee-less (VIP) high speed electronic trading by AI bots, with possible inputs from DWAVE quantum computers and PRISM / Cryptologic supercompters of the nsa...after all it seems much more profitable
But why?
N Korea
As Byegone pointed out, very smartly I might add, DPRK's rocketry program advanced 40 years in 6-7 months time or so. Impossible. Impossible without outside help.
China.
CIA.
Could be both.
But they'd have to pay for 40 yrs of advancement and I can assure you that the CIAs vassal state of DPRK--that just inaugurated their first vaseline plant 3 yrs ago, and has a turnip shortage and people starving on the street (deplorables) does not have money to continually and inexplicably blast PNE's under mountains for reasons unknown (probably doing state infrastructure work TBH...freeing up minerals or blast-mining)
Well if you had to finance 40 yrs of advancement, how would you do it? You'd agree to the terms of the CIA to do everything they say for the next several decades. You will be a limited hangout. You will wage a fake war with us. You will take our computers and our hackers. you will run terror false flags and become a terror outsource company for us for the next couple of decades. You won't have to pay but you will have to do as we say or we'll take it all away. Ok, DPRK? Ok, they say
And then Bitcoin becomes a way for people to inject their dollars into a black hole that effectively gets funnelled to China, in order for china to build their rocketry program
Why do I think China? Look at the base of the rockets of the pictures they released. Same design> CHINAS DESIGN. Those are chinese rockets.
Front Running on Email
I can't help but think that someone passed on this idea, or that an unknown 3rd party is front running by reading emails and maybe mine flagged something somewhere due to the proximal keywords. They read it and were like, 'huh, we've got to manage this shit harder, the plebs are finding out'
Or this is just a huge coincidence
But name another news story that links bitcoin to DPRK in the recent past. Can't do it can you? You'd have to go quite a long ways. I know this is a temporal bias but still, it seems significant.
submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]

Mass Surveillance News Collection from 2010

>>>>>>>>> Mass Surveillance
>>>>>>>>> Cognitive Infiltration and Mass Social Psychology Abuse
>>>>>>>> Smartphone Intrusion, Remote activation of Mics and Cameras
>>>>>>>>>>>>>>>>>>>>>>> Ways and Means; Technology and Law
>>>>>>> AT&T
>>>>>>>>>> Amazon, Apple, Facebook, Google, Microsoft, Twitter, Yahoo
>>>>>>>> Goals
>>>>>>>>>>> Lies, Coverups, Resource Misuse, and Danger of Tacit Complicity
>>>>>> Global Deep State Cooperation and Imitation
>>>>>>>>> Hardware, Rootkit, FIrmware Spyware
>>>>>>>> Blowback
>>>>>> Exoteric, Stated Goals of the Security State Have Failed
....CONTINUED IN COMMENTS
submitted by 911bodysnatchers322 to conspiracy [link] [comments]

The Forthcoming Crypto Trapdoor

TLDR: CIA wants you to use bitcoin, but CIA is bad and they are up to something. When you've traded your last dollars, they'll laugh and pull the plug on bitcoin. Then you will be sad.
Google is developing cryptocoin tools. Ok so the problem with that is manifold
  1. ) We know google is CIA; CIA is very untrustworthy--they've spied on us illegally since 9/11 created a security state junta; they got their start with inqtel a cia company; assange says its cia; everything they do from censoring technopopulists to promoting a fugitive from the law hillary clinton (by our FBI's own admission in congress!) over a lawfully elected president, while undermining the same....all suggest Google is still CIA.
  2. ) CIA was effectively a merger of former US intelligence and expropriated Nazi intelligence and researchers (Operation Paperclip), guided by a Nazi sympathizer whose post-WW2 work was serving as a lawyer and strategist to assist Nazi officers escape punishment and hide their wealth through various financial proxies (Allen Dulles). This is our true history. Dulles also was fired by JFK and then was charged with producing the Warren Report about JFK's assassination. MKULTRA is where we drugraped teens to blackmail politicians (brownstone ops), drugraped prostitutes and soldiers (edgewood), and performed unethical human experimentation that continues to this day. That was CIA, Navy, Darpa
  3. ) I'll say it again, a Nazi sympathizer who hid nazi gold in switzerland and ran ratlines to argentina for nazi officers, who wanted to use a false flag operation to destroy Cuba but was denied, was in charge of JFK's investigation. Kind of like having a Deepstate operative like Robert Mueller type in charge of the official 9/11 report isn't it?
  4. ) CIA is Wall Street's private army.
  5. ) NSA scans your emails, your text messages, all your information---"capture it all". They have been caught several times front-running on your private data. Any screenplay you wrote, any invention you put in a file on the google drive, and investments you're planning, any business projects you're in----they have already read and are already using in an anti-competitive way, front running on your good ideas.
  6. ) Through asset forfeitures, the US Government has a majority of Bitcoin; this is from mt gox hack recovery, silk road, silk road 2, alphabay and other darknet seizures abroad of bitcoin
  7. ) The US Government has spent 6 months colluding with the media to undermine Trump with a fake story that everyone now knows is fake (except a vanishingly few marginal, sophomoric violents, antifa types in california).
  8. ) The FBI has spent now over a year maintaining a falsified document leveraged to create a disinfo to create a psychological war against US citizens, in lieu of doing their ACTUAL job of busting a now-widely known SPY RING IN CONGRESS
  9. ) The US Government (Permanent State) has been bitching, moaning, whining about every little thing Trump has done; failing to recognize his accomplishments which are objectively pro-citizen; while letting very high level criminal avoid punishment---creating a dual justice system
  10. ) Cryptocoin has skyrocketted based well beyond confidence if you look historically at DOW industrial trends...this is a bubble, an obvious bubble. Who is blowing this bubble? Well look who has the majority share
  11. ) You don't know who runs the exchanges, but the modus operandi of those who run the exchanges are that of both criminals and intelligence agencies. I suggest it's both of them working together to run the exchanges
  12. ) After all, you can't mine bitcoin now, if you do you'll lose money because electricity to mine costs more than what you'll get from mining unless you already own vast mining infrastructure--this is the marginal cost of mining. The marginal cost of mining far exceeds purchase price of bitcoin so you might as well buy it
  13. ) Who has spare bitcoin to sell, if mining is so unprofitable AND bitcoin keeps going up? Who would sell bitcoin if it's that compelling? LOL THINK! G D it. THINK!!!! Use your brain. Someone is dumping bitcoin on you, and you're eating it up, thinking you're a genius for investing in it so early.... it's a trap...it's a honeypot. Owning a bitcoin is not a illuminati scout member badge into an exclusive club you dolts
Given that the US Security-Industrial complex, the 17 agencies, primarily CIA, NSA, FBI, NGA, DoD have been using that unaccounted-for 20T dollars now to spy on--not only us, the lumpen citizens of US, but also our Congress members--through the Pakistani liaison loophole of the Awan Brothers, it's very clear that they have NOT honored the underlying principles and values of our constitution and our culture generally. They are concerned with making money by any and all possible means---even through absolute evil--and they are concerned with controlling society very rigidly through technology, psychology, exploitation of human fears, wants and aspirations.
One way to control people is through money. When society gets out of control, especially when they start to doubt, or to hate, the control imposed upon them, the government goes absolutely insane
Because we've already proven in an earlier post that the US Government is the batshit paranoid conspiracy theorist that has ever existed, and it uses any and all desperate measures to control people's minds. That is it's true purpose and operating principle above all else. Money is just a means to that end. The mental health industry is a means to that end. The music and film industries are a means to that end. Academia is a means to that end. Modern art is a means to that end. I could go on and on how the CIA has inserted itself into all aspects of culture to create an enormous establishmentarian cult, but that's not the point of this post--though mentioning this is germane to this post to the extent that it's necessary to understand in the context of the CRYPTOCOIN TRAPDOOR>>>
So what is this cryptocoin trapdoor?
Hmm. Let me try to explain this in terms of a ruse that happened to me last year. I was invited to join a sub /sphinxclub which was ostensibly an 'antimason' sub. I had been down on freemasons / jesuits (still am) at least high level ones. I see them as the common denominator in many of these strategies-of-tension around the world, and the evidence for that is overwhelming. So I joined sphinxclub and after little activity we asked the sub's creator "so what is this sub about, what are we doing here, who wants to start the dialogue". The answer was something like "we're waiting for 20 mods to be invited so we can open the trapdoor and send everyone into hell". I thought it was a joke, and then there was an 'assignment' which I believed (in my opinion) was asking people to commit an act of left-wing terrorism against a defense contractor in florida who was believed to be using electromagnetic waves as harassment and mind control to create 'mass murder shooters' like the Navy Yard shooting. Of course I'm interested in figuring out if there's truth to this, but the means was illegal, so I left.
This strategy is both a honeypot and a trapdoor. Honeypot to bring you in and waste your time (timeloop you, waste your effort otherwise spent on writing subversive essays that undermine the establihment). Trapdoor to get you put in jail.
I believe crypto is the same type of honeypot-trapdoor
Honeypot because
  1. ) Honeypot because it's going up very quickly and now bitcoin is worth more than gold
  2. ) John McAffee a renowned technologist and drug-addled madman with spooky origins says he'll eat his penis if bitcoin isn't worth more than what a million by 2020? Something like that. He allegedly has his own mining facility in latin america, iirc.
  3. ) Honeypot because Google is now going to support it
  4. ) Honeypot because US Gov is looking the other way and China supported it
Tradoor because
  1. ) China banning it
  2. ) Finanical experts warning it's a fraud
  3. ) Me warning it's a fraud because the NSA has over 2000 Qbit quantum computers now and likely runs the exchanges
  4. ) Ebay is using it -- George Webb's research tied Omidyar directly to Deepstate
  5. ) CIA is Wall Street's private army and cannot have a situation they dont' control.
  6. ) Max Keiser and Stacey Hubert have said, numerous times, with many financial guests that NSA/CIA are manipulating markets while using the media to have you believe it's anarchic...it's an illusion
  7. ) JP Morgan is trying to manipulate crypto in europe now
  8. ) If you exchange your dollars for bitcoin, and then bitcoin plummets, then the elite have just taken your last bit of wealth away
  9. ) At this point the only people who can make money off bitcoin ARE the elite, so buying crypto is a cannabalization of dollar-owners by the political elite on the industrial/retail elite -- intelligence-aligned (dynastic) rich are eating the nouveau rich; and they are eating left-coast crypto liberals also
  10. ) EDIT: Oops forgot about civil asset forfeiture of unpaid capital gains taxes on crypto being like a stock
What is your agenda with this anti-bitcoin stuff?
I have none. These are just my thoughts I'm sharing with you and why I no longer support bitcoin until such time there are laws that guarantee that these things I worry about are inhibited. In other words, we need a non-corrupt intelligence community and guarantee they aren't manipulating it before I can trust using any kind of crypto currency. I'm telling you because I want you to make sound choices with your money and be happy and have a good safe life.
The best thing you can do right now is watch this video
What can you do?
Buy gold, silver, platinum. Or a tractor. Or bullet making equipment. Because guns are worthless without bullets.
Sources
submitted by 911bodysnatchers322 to TruthLeaks [link] [comments]

It is time to usher in a new phase of Bitcoin development - based not on crypto & hashing & networking (that stuff's already done), but based on clever refactorings of datastructures in pursuit of massive and perhaps unlimited new forms of scaling

Debates among devs are normal and important.
Debates between programmers are the epitome of decentralized development and as such they are arguably the most important mechanism that will ensure the ongoing success of the Bitcoin (or cryptocurrencies) project.
Therefore, we would be wise to encourage such debates, rather than trying to make them go away by calling them "personal attacks".
In the real world, there aren't a whole lot of different ways to hammer a nail into a board or pour cement into a hole - but in the abstract world of mathematics and programming, there are many, many different ways to represent and manipulate a data structure, limited only by our imaginations, so it is actually appropriate to expect and even demand lots of jostling and critiquing from our programmers as they "try to invent a better mousetrap."
In fact, this is the kind of informal jockeying and shop talk that always has gone on and always will go on among mathematicians and programmers - and quite rightly so, because it is precisely the mechanism whereby they maintain order among their ranks, by making subtle and cogent observations about who knows what.
A famous example of this typical sort of jockeying and shop talk can be seen elsewhere in the ongoing debates between programmers of the "procedural" / "object-oriented" school (C/C++, Java) versus the "functional" school (Haskell, ML). It's always quite an eye-opener for a procedural programmer who's been using "loops" all their life, when they finally discover how to use an "iterator" in functional programming. They both "accomplish" the same thing of course - but in radically and subtly different ways, since an iterator in a functional language is a "first-class citizen" which can be passed around as an argument parameterizing a function, etc. - allowing much more compact and expressive (and sometimes even more efficient) code.
Different Bitcoin dev skill sets are required for different stages of Bitcoin's life cycle
An example of the debate between various devs can be seen here:
It is "clear that Greg Maxwell actually has a fairly superficial understanding of large swaths of computer science, information theory, physics and mathematics."- Dr. Peter Rizun (managing editor of the journal Ledger)
https://np.reddit.com/btc/comments/3xok2o/it_is_clear_that_greg_maxwell_unullc_actually_has/
What Peter R is saying here is simply that a different skill set is needed to usefully contribute to Bitcoin development now that it has moved well beyond its "proof-of-concept and initial rollout" stages (hey, this thing actually works) and is now trying to move into its "massive scaling" stages (let's try to roll this thing out to millions or billions of people).
Bitcoin's "proof-of-concept and initial rollout" stages
Initially, during the "proof-of-concept and initial rollout" stages, the skill set that was required to be a "Bitcoin dev" merely involved knowing enough cryptography, hashing, networking, "game theory", rudimentary economics, and C/C++ programming in order to be able to understand Satoshi's original vision and implementation, doing some simple and obvious refactorings, cleanups and optimizations while respecting the overall design decisions captured in the original C/C++ code, and maintaining the brilliant "game theory" incentives baked therein - the most notable of all being of course that thing which some mathematicians have taken to calling "Nakamoto Consensus" (which could be seen as a useful emerging mathematical-historical term along the lines of Nash Equilibrium, etc.) - ie, Satoshi's brilliant cobbling-together of several existing concepts from crypto and hashing and game theory and rudimentary economics in order to provide a good-enough solution to the long-standing Byzantine Generals Problem which mathematicians and programmers had heretofore (for decades) considered to be unsolvable.
In particular, during the "proof-of-concept and initial rollout" stages, the crypto and hashing stuff is all pretty much done: the elliptic-curve cryptography has been decided upon (and by the way Satoshi very carefully managed to pick one of the few elliptic curves that is NSA-proof) and the various hashing algorithms (SHA, RIPE) are actually quite old from previous work, and the recipe for combining them all together has been battle-tested and it should work fine for the next few decades or so (assuming that practical quantum computing is probably not going come along on that time scale).
Similar, during the "proof-of-concept and initial rollout" stages, the networking and incentives and game theory are all pretty much done: the way the mempool gets relayed, the way miners race to solve blocks while trying to minimize orphaning, and the incentives provided currently mainly by the coinbase subsidy and to be provided much later (after more halvings and/or more increases in volume and price) mainly by transaction fees - this stuff has also been decided upon, and is working well enough (within the parameters of our existing imperfect regulatory and economic landscape and networking topology, where things such as ASIC chips, cheap electricity and cooling in China, and the Great Firewall of China have come to the fore as major factors driving decisions about who mines where).
Bitcoin's "massive scaling" stages
Now, as we attempt to enter the "massive scaling" stage, a different skill set is required. As I've outlined above, the crypto and the hashing and the incentives are all pretty much done now - and mining has become concentrated where it's most profitable, and we are actually starting to hit the "capacity ceiling" a few times (up till now just some spam attacks and stress tests - but soon, more worryingly, possibly even with the next few months, really hitting the capacity ceiling with "real" transactions).
Early scaling debates centered around blocksize
And so, for the past year, we've gone through the never-ending debates on scaling - most of them focusing up till now (perhaps rather naïvely, some have argued) on the notion of "maximum blocksize", which was set at 1 MB by Satoshi as a temporary anti-spam kludge.
The smallblock proponents have been claiming that pretty much all "scaling solutions" based on simply increasing the maximum blocksize could have bad effects such as decreasing the number of nodes (decreasing this important type of decentralization) or increasing the number of orphans (decreasing profits for certain miners) - so they have been quite adamant in resisting any such proposals.
Meanwhile the bigblock proponents have been claiming that increased adoption (higher price and volume) should be more than enough to eventually offset / counteract any supposed decrease in node count and miner profits that might happen immediately after bigblocks would be rolled out.
For the most part, both sides appear to be arguing in good faith (with the possible exception of private companies hoping to be able to peddle future, for-profit "solutions" to the "problem" of artificially scarce level-one on-chain block space - eg, Blockstream's Lightning Network) - so the battles have raged on, the community has become divided, and investors are becoming hesitant.
New approaches transcending the blocksize debates
In this mathematical-historical context, it is important to understand the fundamental difference in approach taken by Peter__R. He is neither arguing for smallblocks nor for bigblocks nor for a level-2 solution. He is instead (with his recently released groundbreaking paper on Subchains - not to be confused with sidechains or treechains =) sidestepping and transcending those approaches to focus on an entirely different, heretofore largely unexplored approach to the problem - the novel concept of "nested subchains":
By nesting subchains, weak block confirmation times approaching the theoretical limits imposed by speed-of-light constraints would become possible with future technology improvements.
Now, this is a new paper, and it will still undergo a lot of peer review before we can be sure that it can deliver on what it promises. But at first glance, it is very promising - not least of all because it is attacking the whole problem of "scaling" from a new and possibly highly productive angle: not involving bigblocks or smallblocks or bolt-ons (LN) but instead examining the novel possibility of decomposing the monolithic "blocks" being appended to the "chain" into some sort of "substructures" ("subchains"), in the hopes that this may permit some sort of efficiencies and economies at the network relay level.
"Substructural refactoring"-based approaches
So what we are seeing here is essentially a different mathematical technique being applied, for the first time, to a different part of the problem in an attempt to provide a "massive scaling" solution for Bitcoin. (I'm not sure what to call this technique - but the name "substructural refactoring" is the first thing that comes to mind.)
While there had indeed been some sporadic discussions among existing devs along the lines of "weak blocks" and "subchains", this paper from Peter R is apparently the first time that anyone has made a comprehensive attempt to tie all the ideas together in a serious presentation including, in particular, detailed analysis of how subchains would dovetail with infrastructure (bandwidth and processing) constraints and miner incentives in order for this to actually work in practice.
Graphs reminiscent of elasticity and equilibrium graphs from economics
For example, if you skim through the PDF you'll see the kinds of graphs you often see in economics papers involving concepts such as elasticity and equilibrium and optimization (eg, a graph where there's a "gap" between two curves which we're hoping will decrease in size, or another graph where there's a descending curve and an ascending curve which intersect at some presumably optimum point).
Now, you can see from the vagueness of some my arguments and illustrations above that I am by no means an expert in the mathematics and economics involved here, but am instead merely a curious bystander with only a hobbyist's understanding of these complex subjects (although a rather mature one at that, having worked most of my long and chequered career in math and programming and finance).
But I am fairly confident that what we are seeing here is the emergence of a new sort of "skill set" which will be needed from the kind of Bitcoin developers who can lead us to a successful future where millions or billions of people (and perhaps also machines) are able to transact routinely and directly on the blockchain.
And if a developer like Peter R wants to direct some criticism at another developer who has failed to have these insights, I think that is a natural manifestation of human ego and competitiveness which is healthy to keep these guys on their toes.
A new era of Bitcoin development
The time for tweaking the crypto and hashing is long past - which means that the skills of guys like nullc and petertodd may no longer as important as they were in the past. (In fact, there are entirely other objections can be raised against Peter Todd, given his proclivity for proving that he can, at the mathematical level, break systems which actually do work "good enough" by relying on constraints imposed at the "social level" - a level which PTodd evidently does not much believe in. For the most egregious example of this, see his decision to force his Opt-In (soon to become On-By-Default) Full RBF - which breaks existing "good-enough" risk mitigation practices many business had up till now relied on to profitably use zero-conf for retail.)
Likewise the skills of adam3us may also not be as important as they were in the past: he is, after all, the guy who invented ecash, so he is clearly a brilliant cryptographer and pioneer cypherpunk who laid the groundwork for what Bitcoin has become today, but it is unclear whether he now has (or ever had) the vision to appreciate how big (and fast) Bitcoin can become (at "level 1" - ie, directly on the blockchain itself).
In this regard, it is important to point out the serious lack of vision and optimism on the part of nullc and petertodd and adam3us:
TL;DR: Times are a-changin'. The old dev skill sets for Bitcoin's early years (crypto, hashing, networking) are becoming less important, while new dev skill sets are becoming more important (such as something one might call "substructural refactoring"). We should encourage competition as new devs emerge who have these new skill sets, because they may be the way out of the "dead end" of the blocksize-based approaches to scaling, opening up massive and perhaps unlimited new forms of "fractal-like" scaling instead.
submitted by ydtm to btc [link] [comments]

Will Quantum Computing Destroy Bitcoin? renting Quantum computer for mining Etherium in 2017? QASM is here and it's API Quantum Computer Documentary - YouTube Can the Google Quantum Computer Hack Bitcoin? Can Quantum Computers Hack Bitcoin / Ethereum? - YouTube

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Will Quantum Computing Destroy Bitcoin?

Sources: Brainwallet, Wikipedia https://en.bitcoin.it/wiki/Brainwallet 78 Crypto-Currency Market Capitalizations http://coinmarketcap.com/ NSA building a 'quantum ... No. Sources: We’re Close to a Universal Quantum Computer, Here’s Where We're At https://www.youtube.com/watch?v=6yaY4Fw-ovM&t=403s McAfee Interview - ICO Shi... Can the Google Quantum Computer Hack Bitcoin? Trade Genius Stock Market News. Loading... Unsubscribe from Trade Genius Stock Market News? Cancel Unsubscribe. Working... Subscribe Subscribed ... Watch how quantum computers are here and if it's qubits can do anything with ECDHA keys as the crypto algo is of the following formula P=NP which reminds quantum computing. Please share your ... Watch the most interesting from the world of science and space. Learn new, explore the vast world together. I ask you to help me in the development of the ch...

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