Author

Topic: IEEE Spectrum report on the future of money (Read 2973 times)

legendary
Activity: 2506
Merit: 1010
November 26, 2012, 03:15:22 PM
#12
Sorry for the necrothread, but the source article doesn't appear to show the story on Bitcoin specifically, [Edited] which contained the graphic:

 - http://spectrum.ieee.org/computing/software/bitcoin-the-cryptoanarchists-answer-to-cash/0

and the images above weren't the full resolution:



 - https://i.imgur.com/JfuOo.jpg   <-- To see 1871 X 1420 resolution
rjk
sr. member
Activity: 462
Merit: 250
1ngldh
It's also not really relevant, as it describes public-key encryption (which isn't used in bitcoin) instead of signing.
OK I can see the confusion then.
legendary
Activity: 1072
Merit: 1189
Seems decent, except for the "public key cryptography 101" box: analogy with a pair of keys is confusing and wrong. My favorite explanation is the one I stumbled upon on this forum (not sure if Netrin came up with it or he adopted it) -


Yeah. Here's a magical analogy for public key cryptography: I generate a private key and numerous public unlocked treasure chests. I give these open treasure chests to all of my friends (it's easy to copy them). Whenever a friend wants to send me a message, they just put the message in my public treasure chest and close the lid. Now even they can not open it again. Only I, with my unique private key, can open the chest.

After I generated the public keys, I don't really need them any more, unless I want to send messages to myself. But no one needs the private key to lock a message. The private key is only required to open a message.

I don't see anything that is technically incorrect about the PKI explanation in the graphic. Do you care to explain what is wrong with it? netrin's quote is cool for the noobs, but it doesn't mean that what is in the graphic is incorrect at all. Both quotes are very correct and explained differently.

It's also not really relevant, as it describes public-key encryption (which isn't used in bitcoin) instead of signing.
rjk
sr. member
Activity: 462
Merit: 250
1ngldh
Seems decent, except for the "public key cryptography 101" box: analogy with a pair of keys is confusing and wrong. My favorite explanation is the one I stumbled upon on this forum (not sure if Netrin came up with it or he adopted it) -


Yeah. Here's a magical analogy for public key cryptography: I generate a private key and numerous public unlocked treasure chests. I give these open treasure chests to all of my friends (it's easy to copy them). Whenever a friend wants to send me a message, they just put the message in my public treasure chest and close the lid. Now even they can not open it again. Only I, with my unique private key, can open the chest.

After I generated the public keys, I don't really need them any more, unless I want to send messages to myself. But no one needs the private key to lock a message. The private key is only required to open a message.

I don't see anything that is technically incorrect about the PKI explanation in the graphic. Do you care to explain what is wrong with it? netrin's quote is cool for the noobs, but it doesn't mean that what is in the graphic is incorrect at all. Both quotes are very correct and explained differently.
legendary
Activity: 1896
Merit: 1355
I'd like to know what Glenn exactly wears
rjk
sr. member
Activity: 462
Merit: 250
1ngldh
Awesome graphic.
legendary
Activity: 1500
Merit: 1022
I advocate the Zeitgeist Movement & Venus Project.
I used to love reading Spectrum when I was a young EE/CS student. I also like the graphic.
legendary
Activity: 1918
Merit: 1570
Bitcoin: An Idea Worth Spending

I really like this as well. Look forward to infographics like these and more in the Bitcoin Magazine in the future. We were a bit too busy last month to include more than 2 into the first issue. I agree with our marketing lead Mihai Alisie that they are crucial for bringing new blood.

Seems decent, except for the "public key cryptography 101" box: analogy with a pair of keys is confusing and wrong. My favorite explanation is the one I stumbled upon on this forum (not sure if Netrin came up with it or he adopted it) -


Yeah. Here's a magical analogy for public key cryptography: I generate a private key and numerous public unlocked treasure chests. I give these open treasure chests to all of my friends (it's easy to copy them). Whenever a friend wants to send me a message, they just put the message in my public treasure chest and close the lid. Now even they can not open it again. Only I, with my unique private key, can open the chest.

After I generated the public keys, I don't really need them any more, unless I want to send messages to myself. But no one needs the private key to lock a message. The private key is only required to open a message.


Love it.

My guess is that Post #3 will be addressed and Matthew will have this as the centerfold in some upcoming issue of Bitcoin Magazine.

~Bruno~
hero member
Activity: 588
Merit: 500
Hero VIP ultra official trusted super staff puppet

I really like this as well. Look forward to infographics like these and more in the Bitcoin Magazine in the future. We were a bit too busy last month to include more than 2 into the first issue. I agree with our marketing lead Mihai Alisie that they are crucial for bringing new blood.

Seems decent, except for the "public key cryptography 101" box: analogy with a pair of keys is confusing and wrong. My favorite explanation is the one I stumbled upon on this forum (not sure if Netrin came up with it or he adopted it) -


Yeah. Here's a magical analogy for public key cryptography: I generate a private key and numerous public unlocked treasure chests. I give these open treasure chests to all of my friends (it's easy to copy them). Whenever a friend wants to send me a message, they just put the message in my public treasure chest and close the lid. Now even they can not open it again. Only I, with my unique private key, can open the chest.

After I generated the public keys, I don't really need them any more, unless I want to send messages to myself. But no one needs the private key to lock a message. The private key is only required to open a message.


Love it.
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
Seems decent, except for the "public key cryptography 101" box: analogy with a pair of keys is confusing and wrong. My favorite explanation is the one I stumbled upon on this forum (not sure if Netrin came up with it or he adopted it) -


Yeah. Here's a magical analogy for public key cryptography: I generate a private key and numerous public unlocked treasure chests. I give these open treasure chests to all of my friends (it's easy to copy them). Whenever a friend wants to send me a message, they just put the message in my public treasure chest and close the lid. Now even they can not open it again. Only I, with my unique private key, can open the chest.

After I generated the public keys, I don't really need them any more, unless I want to send messages to myself. But no one needs the private key to lock a message. The private key is only required to open a message.

legendary
Activity: 2198
Merit: 1311
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