Topic: 2013-12-16 Bitcoins in Space: Hacker to Fire Digital Currency Into Orbit (Read 1432 times)
December 16, 2013, 06:52:52 PM
December 16, 2013, 02:41:09 PM
Well...
"Hacker to Fire Digital Currency Into Orbit"
makes a better headline than
"IT expert plans to launch satellite with digital currency software"
Nice press Jeff! Should help wit the awareness
"Hacker to Fire Digital Currency Into Orbit"
makes a better headline than
"IT expert plans to launch satellite with digital currency software"
Nice press Jeff! Should help wit the awareness
December 16, 2013, 11:37:40 AM
So , you're ok with the title?
Hacker to Fire Digital Currency Into Orbit!
Hacker to Fire Digital Currency Into Orbit!
December 16, 2013, 10:47:24 AM
URL: http://www.wired.com/wiredenterprise/2013/12/bitcoin_space/
Quote
One of the top software engineers behind the Bitcoin digital currency wants to launch it into space.
Last month, Jeff Garzik floated the idea of Bitcoin in space on an internet discussion forum, pitching it as a way to always keep the system up and running — even if it’s attacked by malicious hackers.
The plan is to send up a Bitcoin computer on a tiny inexpensive satellite and have this machine communicate with terrestrial Bitcoin computers via radio. Garzik — who works at Bitcoin payment processor Bitpay and helps shape the open source software that drives the digital currency on thousands of machines across the internet — says that the satellite node could help the Bitcoin network fight back something known as a Sibyl attack. This is where malicious computers flood a node on the peer-to-peer network with bad data. It could give criminals a way of spending their bitcoins more than once, and it’s also part of the so-called selfish miner scenario that Cornell University researchers described last month, saying it could bring down the entire system.
Last month, Jeff Garzik floated the idea of Bitcoin in space on an internet discussion forum, pitching it as a way to always keep the system up and running — even if it’s attacked by malicious hackers.
The plan is to send up a Bitcoin computer on a tiny inexpensive satellite and have this machine communicate with terrestrial Bitcoin computers via radio. Garzik — who works at Bitcoin payment processor Bitpay and helps shape the open source software that drives the digital currency on thousands of machines across the internet — says that the satellite node could help the Bitcoin network fight back something known as a Sibyl attack. This is where malicious computers flood a node on the peer-to-peer network with bad data. It could give criminals a way of spending their bitcoins more than once, and it’s also part of the so-called selfish miner scenario that Cornell University researchers described last month, saying it could bring down the entire system.
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