Jacob Appelbaum: "Bitcoin Prediction: Major bugs in the near future ..." - page 5.

hoo2jalu

member

Activity: 70

Merit: 10

Quote from: syn on June 10, 2011, 04:09:09 PM

....
My understanding of Appelbaum is that he would not risk his reputation on spreading lies, but I don't know him personally.

Jacob Applebaum is an idiot! I repeat: Jacob Applebaum is a fscking idiot!

He is a posturing publicity whore who cannot hack shit. Just look at this Tor commits - all he works on is lame stuff, not core Tor code!

xf2_org

member

Activity: 98

Merit: 13

Quote from: qarl on June 10, 2011, 04:04:36 PM

Jeff - do you know what Appelbaum's concern is?

No.

I do know that bitcoin has a history of newbies appearing, claiming to have found some major hole in bitcoin, and then nothing coming of it.

Beware fact-free FUD.

syn

newbie

Activity: 25

Merit: 0

Appelbaum is claiming he has knowledge of a specific bug.

He says that we need to direct our questions to Gavin. Is Gavin aware of this?

My understanding of Appelbaum is that he would not risk his reputation on spreading lies, but I don't know him personally.

Can anyone confirm that Gavin (or other lead developers) have gotten specifics from Appelbaum?

qarl

newbie

Activity: 8

Merit: 0

Jeff - do you know what Appelbaum's concern is?

xf2_org

member

Activity: 98

Merit: 13

Quote from: BotherMeNot on June 10, 2011, 03:30:42 PM

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.

You appear to know very little about how bitcoin works.

TraderTimm

legendary

Activity: 2408

Merit: 1121

The 'public log' is the blockchain.

I suggest you read the whitepaper about 'forking' the blockchain, since your statement seems to suggest it is trivial.

http://www.scribd.com/doc/34237903/Bit-Coin-Whitepaper

FreeMoney

legendary

Activity: 1246

Merit: 1016

Strength in numbers

Pfft, I expected a long analysis, twitter, classy.

Denicen

newbie

Activity: 46

Merit: 0

Quote from: BotherMeNot on June 10, 2011, 03:30:42 PM

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.

This is very silly, i've seen it mentioned several times that the encryption can be improved if need be.
Also: Lol at a company taking over the bitcoin concept, did you read a couple news reports about bitcoin and think you are an expert or something?

qarl

newbie

Activity: 8

Merit: 0

Quote from: paulie_w on June 10, 2011, 03:41:01 PM

why doesn't he just say what it is?

he's effectively bragging that he knows more than us.

can someone who knows what he's talking about speak to it, please?

paulie_w

sr. member

Activity: 420

Merit: 250

why doesn't he just say what it is? why do some people choose to create panic?

Astro

sr. member

Activity: 284

Merit: 250

Considering what a little "announcement" on mtgox has done to the price today, any actual bug like this would crash the price back to $1.

BotherMeNot

newbie

Activity: 14

Merit: 0

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.

qarl

newbie

Activity: 8

Merit: 0

Jacob Appelbaum: "Bitcoin Prediction: Major bugs in the near future will mess with the 'market'".

http://twitter.com/#!/ioerror/status/78480502641803264

http://twitter.com/#!/ioerror/status/78520413315006465

grumble.

Topic: Jacob Appelbaum: "Bitcoin Prediction: Major bugs in the near future ..." - page 5. (Read 14831 times)