Bitcoin Network Security and Weakness

Cryptonaut1990

newbie

Activity: 52

Merit: 0

Quote from: Kakmakr on October 17, 2021, 05:54:20 AM

Ask yourself the exact same question .... What will happen to "Fiat" currencies ... when all those things happen?

In the event of some apocalyptic scenario.... when the Internet and electricity goes off... most ATM's and Bank networks will not be functioning and many people will have to resort to whatever cash that are left or they will have to barter with goods and services.

You have to remember one thing... Bitcoin is a decentralized network with full nodes all over the planet. So if a comet hits earth and some country are destroyed... then the Bitcoin network will still be running in other countries. (So the whole network will not go down.... )

People will also run Full nodes with Solar / Wind / Generators ..... etc... etc. Wink

Loved your futuristic outlook

Cryptonaut1990

newbie

Activity: 52

Merit: 0

Quote from: pooya87 on October 18, 2021, 12:34:06 AM

Quote from: Cryptonaut1990 on October 16, 2021, 05:43:43 PM

My major concerns are what happens in case of inflation bug 2010 or 2018 happened and not so benevolent dev found it and used it selfish and rogue?

You are comparing apples and oranges and also forgetting that bitcoin is decentralized.
2010 bug was in early days of bitcoin with a very small network and there was a bug in the implementation that was fixed quickly.
2018 bug couldn't even affect bitcoin like 2010 (apples and oranges) since it only affected some versions of one of the implementations of bitcoin. Assuming someone exploited the said bug they would be on an altcoin chain that the rest of the network (other versions of bitcoin core not affected by it and also other full node implementations) would have rejected them easily.

Quote

Let's say it's not just 1 dev maybe nation-state rogue devs or black op black hat hackers

It already happened, they created a shitcoin called bcash and bitcoin continued as it were.

Quote

what do you think about bitcoin running without the internet via satellite, is their Blockstream node a form of centralization and how can Bitcoin be safe during times of nuclear war or apocalyptic scenarios like what use case does it have for interplanetary or post havoc monetary energy transfers?

You should worry about how you are going to survive and not starve to death in case of an apocalypse when food is scarce instead of worrying about what would happen to bitcoin!

Quote

https://ieeexplore.ieee.org/document/7958588

This article seems to be ignoring the fact that in the decentralized P2P network that is bitcoin, any node is free to connect to any other node they want and connects to multiple nodes and also they punish misbehaving nodes (that would perform the attacks outlined in this article) preventing them from harming their experience.
Although I have to say I don't claim to fully understand the whole article.

Loved your sound critic and reasoning too. Thank you

pjwaffle

full member

Activity: 539

Merit: 100

BIB Exchange

Quote from: Cryptonaut1990 on October 16, 2021, 05:43:43 PM

My major concerns are what happens in case of inflation bug 2010 or 2018 happened and not so benevolent dev found it and used it selfish and rogue?

Let's say it's not just 1 dev maybe nation-state rogue devs or black op black hat hackers what do you think about bitcoin running without the internet via satellite, is their Blockstream node a form of centralization and how can Bitcoin be safe during times of nuclear war or apocalyptic scenarios like what use case does it have for interplanetary or post havoc monetary energy transfers? In the case of a global apocalypse, bitcoin would probably be unusable. We'd be back to gold yes or no if yes why yes if no why no?

What I read and watched about routing attacks on the network from ETH Zurich research and watched a video about delayed attacks and partition attacks, I also read these vulnerabilities.

https://btc-hijack.ethz.ch

https://ieeexplore.ieee.org/document/7958588

https://apriorit.com/dev-blog/578-blockchain-attack-vectors

Also please share the latest network attack , node centralization, mining pool centralization, routing attacks, mitigating attacks, security leaks/flaws/vulnerabilities and how are they prevented or practical defense solutions to the exploits and weaknesses that help Bitcoin network be and remain decentralized most secure network ever

I also discovered radio freq transaction without internet and satellite low range like 7km from founders in Venezuela i think https://locha.io its called locha mesh

Please dispel myths and illusions and bring out facts and illumination on this subject

I felt a little uncomfortable reading your post. Although BTC is the earliest network and is now used by a lot of people, nothing is absolute in this world and I think including BTC is the reason why there are some bugs and security of BTC is one of the top concerns of many investors, and what you are imagining is a world with apocalyptic wars and many things affecting the internet, what will BTC look like? ? and we'll all go back to using gold. It sounds like what you said is possible but don't worry we will have another solution at some point.

franky1

legendary

Activity: 4410

Merit: 4766

Quote from: BlackHatCoiner on October 17, 2021, 07:13:03 AM

As for the vulnerabilities, we'll tackle them as we've used to; with consensus.

actually having everyone using one version of software from one brand is where bugs can cause havok.
its actually diversity that can protect it.

these days there is only one brand, one group of devs and most versions now require update quickly due to the impatience of devs not wanting to allow extended time for open choice to adopt an upgrade.(aka less review time)

these single design rush jobs can be more risk than in 2010

.. yes the opposite is true. fast upgrading can fix a known bug quick by getting everyone to upgrade to remove a previous bug. but that requires the devs knowing, re-coding and fixing the bug. which as seen previously most bugs remain at risk for many months plus.

in short. consensus(unified agreement/monopoly branding) can also be the cause of most vulnerabilities too

pooya87

legendary

Activity: 3472

Merit: 10611

Quote from: Cryptonaut1990 on October 16, 2021, 05:43:43 PM

My major concerns are what happens in case of inflation bug 2010 or 2018 happened and not so benevolent dev found it and used it selfish and rogue?

You are comparing apples and oranges and also forgetting that bitcoin is decentralized.
2010 bug was in early days of bitcoin with a very small network and there was a bug in the implementation that was fixed quickly.
2018 bug couldn't even affect bitcoin like 2010 (apples and oranges) since it only affected some versions of one of the implementations of bitcoin. Assuming someone exploited the said bug they would be on an altcoin chain that the rest of the network (other versions of bitcoin core not affected by it and also other full node implementations) would have rejected them easily.

Quote

Let's say it's not just 1 dev maybe nation-state rogue devs or black op black hat hackers

It already happened, they created a shitcoin called bcash and bitcoin continued as it were.

Quote

what do you think about bitcoin running without the internet via satellite, is their Blockstream node a form of centralization and how can Bitcoin be safe during times of nuclear war or apocalyptic scenarios like what use case does it have for interplanetary or post havoc monetary energy transfers?

You should worry about how you are going to survive and not starve to death in case of an apocalypse when food is scarce instead of worrying about what would happen to bitcoin!

Quote

https://ieeexplore.ieee.org/document/7958588

This article seems to be ignoring the fact that in the decentralized P2P network that is bitcoin, any node is free to connect to any other node they want and connects to multiple nodes and also they punish misbehaving nodes (that would perform the attacks outlined in this article) preventing them from harming their experience.
Although I have to say I don't claim to fully understand the whole article.

BlackHatCoiner

legendary

Activity: 1512

Merit: 7340

Farewell, Leo

Do you want us to have eye pain? Why did you use bold and italic in all of your text?

The entire text is a non-sense. So many sentences for no reason. You could just ask what would happen in case of a sudden vulnerability or what would happen if the internet was cut off from the entire planet. The latter isn't a reasonably scenario as the whole world operates online nowadays. As for the vulnerabilities, we'll tackle them as we've used to; with consensus.

Kakmakr

legendary

Activity: 3542

Merit: 1965

Leading Crypto Sports Betting & Casino Platform

Ask yourself the exact same question .... What will happen to "Fiat" currencies ... when all those things happen?

In the event of some apocalyptic scenario.... when the Internet and electricity goes off... most ATM's and Bank networks will not be functioning and many people will have to resort to whatever cash that are left or they will have to barter with goods and services.

You have to remember one thing... Bitcoin is a decentralized network with full nodes all over the planet. So if a comet hits earth and some country are destroyed... then the Bitcoin network will still be running in other countries. (So the whole network will not go down.... )

People will also run Full nodes with Solar / Wind / Generators ..... etc... etc. Wink

ranochigo

legendary

Activity: 3038

Merit: 4418

Crypto Swap Exchange

The bugs does not affect the network permanently. In the case of any inflation bug happening, then part of the community will rightfully split the chain to fix the inflation bug while letting the other chain (presumably) die off. Obviously, there is a chance that the network just survives alongside Bitcoin, but it doesn't threaten the security of the network.

There are numerous attack vectors within any decentralized network, many of whom are theoretical and hard to execute. With every vulnerability, we attempt to mitigate it by minimizing or completely eliminating the impact of it. Those attacks are discussed on the mailing list, if you want to know more about them, search it up using the mailing list. All your concerns on specific vulnerabilities should be addressed.

Dave1

hero member

Activity: 1414

Merit: 542

As far as vulnerabilities goes, please check this link: Common Vulnerabilities and Exposures.

Of course there are no perfect softwares and bitcoin is not an exception. And if ever there are vulnerabilities that can be exploited, bitcoin devs are very quick to make a patch and update with the latest release.

Here another link that might help you out: https://bitcoincore.org/

And if ever you yourself discover any bugs, then you can report it here: https://github.com/bitcoin/bitcoin/issues. Or you can read previous issues and how devs deal with it in a "timely manner".

Cryptonaut1990

newbie

Activity: 52

Merit: 0

My major concerns are what happens in case of inflation bug 2010 or 2018 happened and not so benevolent dev found it and used it selfish and rogue?

Let's say it's not just 1 dev maybe nation-state rogue devs or black op black hat hackers what do you think about bitcoin running without the internet via satellite, is their Blockstream node a form of centralization and how can Bitcoin be safe during times of nuclear war or apocalyptic scenarios like what use case does it have for interplanetary or post havoc monetary energy transfers? In the case of a global apocalypse, bitcoin would probably be unusable. We'd be back to gold yes or no if yes why yes if no why no?

What I read and watched about routing attacks on the network from ETH Zurich research and watched a video about delayed attacks and partition attacks, I also read these vulnerabilities.

https://btc-hijack.ethz.ch

https://ieeexplore.ieee.org/document/7958588

https://apriorit.com/dev-blog/578-blockchain-attack-vectors

Also please share the latest network attack , node centralization, mining pool centralization, routing attacks, mitigating attacks, security leaks/flaws/vulnerabilities and how are they prevented or practical defense solutions to the exploits and weaknesses that help Bitcoin network be and remain decentralized most secure network ever

I also discovered radio freq transaction without internet and satellite low range like 7km from founders in Venezuela i think https://locha.io its called locha mesh

Please dispel myths and illusions and bring out facts and illumination on this subject

Topic: Bitcoin Network Security and Weakness (Read 239 times)