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Topic: Jacob Appelbaum: "Bitcoin Prediction: Major bugs in the near future ..." (Read 14850 times)

full member
Activity: 168
Merit: 100
Thread necro much?
legendary
Activity: 1106
Merit: 1001
March 2013, fork in the blockchain. His prediction was right.

I'm curious what his position would be now.

What bugs could occur in the bitcoin protocol?

Could there be a major flaw?


The March fork was an issue for around 5 hours... pretty much a non-event, and was handled beautifully by the main devs.

Prior to that, the only other significant bug was back in 2010.

Appelbaum has zero cred when it comes to Bitcoin.
sr. member
Activity: 630
Merit: 262
This account was hacked. just recently got it back
March 2013, fork in the blockchain. His prediction was right.

I'm curious what his position would be now.

What bugs could occur in the bitcoin protocol?

Could there be a major flaw?
legendary
Activity: 2126
Merit: 1001

I guess the price wouldn't be $16 right now if a major bug had been found. Trouble is, if he ever does find a major bug in the future, no one will believe him.

sorry to resurrect a dead thread, but did anything ever come of this?

I didn't want to say anything because it conflicts with what i'm about to say...
quit bumping an old thread

i didn't realize this was a year old till i saw the $10 - $15 price comment

So much this!

Ente
hero member
Activity: 695
Merit: 502
PGP: 6EBEBCE1E0507C38
i didn't read this thread a year ago.

yes i could have read the date, but i usually scan the headline, and body before looking for little deatails like the year.

I starty my day off here...
rjk
sr. member
Activity: 448
Merit: 250
1ngldh
I hate reading some god damn thread and then have nothing of substance come out of it.  Angry
i didn't realize this was a year old till i saw the $10 - $15 price comment
All you guys need to learn how to use this button, it's there for a reason:



It keeps you from having to re-read entire threads that you may have already read.
hero member
Activity: 695
Merit: 502
PGP: 6EBEBCE1E0507C38
I didn't want to say anything because it conflicts with what i'm about to say...
quit bumping an old thread

i didn't realize this was a year old till i saw the $10 - $15 price comment
legendary
Activity: 3066
Merit: 1147
The revolution will be monetized!
How many times have i read threads like this?  Roll Eyes

A newb shows up, reads for 15min. and decides "bitcoin can't work! I should tell everybody!"
hero member
Activity: 756
Merit: 501
There is more to Bitcoin than bitcoins.
I hate reading some god damn thread and then have nothing of substance come out of it.  Angry
Lots of substance comes out of it: bullshitters are discredited. For one reason or another, there are still occasional waves of people or sock-puppets showing up out of nowhere and spreading fact-free, panicky bullshit.
legendary
Activity: 1106
Merit: 1001
I hate reading some god damn thread and then have nothing of substance come out of it.  Angry

Really? But, you know, you are on the Bitcoin forums...  Grin
legendary
Activity: 980
Merit: 1020
I hate reading some god damn thread and then have nothing of substance come out of it.  Angry
sr. member
Activity: 420
Merit: 250
i guess not, but jacob seems to be no fool so i assumed it would at least have been revealed (what he was talking about)
legendary
Activity: 1764
Merit: 1002
sorry to resurrect a dead thread, but did anything ever come of this?

well what do you think?
sr. member
Activity: 420
Merit: 250
sorry to resurrect a dead thread, but did anything ever come of this?
full member
Activity: 168
Merit: 103
I agree.  For one thing it relies on encryption and a public log.  Encryption can be broken and with bitcoins as is, you can't force new encryption standards on old bitcoins.  As for the public log, if someone branches from it or introduces their own log then we loose credibility of the currency.

Bitcoins is a good proof of concept, but I think the concept will be taken over and improved upon by companies who don't respect the same level of anonymity that Bitcoins and Tor promote.


Good luck breaking SHA 256  Wink

SHA256 is irrelevant in that context. Good luck breaking ECDSA.
legendary
Activity: 1148
Merit: 1008
If you want to walk on water, get out of the boat
I agree.  For one thing it relies on encryption and a public log.  Encryption can be broken and with bitcoins as is, you can't force new encryption standards on old bitcoins.  As for the public log, if someone branches from it or introduces their own log then we loose credibility of the currency.

Bitcoins is a good proof of concept, but I think the concept will be taken over and improved upon by companies who don't respect the same level of anonymity that Bitcoins and Tor promote.


Good luck breaking SHA 256  Wink
sr. member
Activity: 280
Merit: 250
I guess the price wouldn't be $16 right now if a major bug had been found. Trouble is, if he ever does find a major bug in the future, no one will believe him.
sr. member
Activity: 420
Merit: 250
so did anything ever come of this?
newbie
Activity: 16
Merit: 0
legendary
Activity: 1596
Merit: 1100
Twitter user @smarimc claims to have found a protocol level bug that allows the Bitcoin network to be used for a DDoS attack.

Then he should contact the dev team:  http://www.bitcoin.org/

It is known that there are certain ways to DoS a P2P node, but amplification attacks and DDoS are a different beast.

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