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Topic: 2012-12-26 washingtonpost - What will we smuggle in the future? Coal, cyber cur (Read 1443 times)

legendary
Activity: 1078
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how long till PC's are strong enough to guess private keys of bitcoin addresses. is this possible?

Not until "computers are built from something other than matter and occupy something other than space." (quote by renowned cryptographer Bruce Schneier)
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hero member
Activity: 756
Merit: 500
how long till PC's are strong enough to guess private keys of bitcoin addresses. is this possible?
hero member
Activity: 784
Merit: 506
Ridiculous. Fortunately, someone is doing good job educating people in the comments section.
To be fair to the author, when criticised on this first he pointed to his source to defend his corner, then when the flaws in the argument were pointed out to him he conceded.

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Okay, fair enough, thanks. I guess when it comes to cyber currency, the hacking/counterfeiting distinction isn't always clear, but counterfeiting is probably the wrong term to use in that case.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Ridiculous. Fortunately, someone is doing good job educating people in the comments section.
legendary
Activity: 1092
Merit: 1001
Quote
What will we smuggle in the future? Coal, cyber currency, honeybees.

Brad Plumer
2012-12-26


http://www.washingtonpost.com/blogs/wonkblog/wp/2012/12/26/the-future-of-smuggling-drones-coal-and-honeybees/


...
– Counterfeited cyber-currency. North Korea already (allegedly) makes plenty of money from counterfeit $50 and $100 bills. But what happens if cyber-currencies like Bitcoin become massive and start rivaling official currencies? Could a shadowy market emerge for counterfeit digital currencies?
...


I don't even ... :/
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