Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: nickcarraway

Blockchain is just a buzz word. Most people have no clue how it really works. It’s fairly easy to hack. $534 million of cryptocurrency based on blackchain technology was recently hacked in Japan. https://www.newscientist.com/article/mg23731633-500-cryptocurrency-hack-makes-off-with-500-million/ That hack did not even involve quantum computing, which is going to shatter blockchain technology. See https://finance.yahoo.com/news/commentary-technology-crack-blockchain-egg-195140449.html (Yes, I could hack most cryptocurrencies, but doing so would be immoral. I also don’t want to go to jail.)


11 posted on 02/10/2018 5:19:47 PM PST by piytar (http://www.truthrevolt.org/videos/bill-whittle-number-one-bullet)
[ Post Reply | Private Reply | To 1 | View Replies ]


To: piytar

Virtually all cryptocurrency thefts are a result of failure to secure cryptographic keys. This is the difference between stealing the combination to your safe and cracking the safe. No one has cracked the safe that is Bitcoin. Quantum computing will likely be able to do it eventually, but by the time it can, the cryptography will have evolved to compensate.


39 posted on 02/10/2018 9:06:55 PM PST by Database
[ Post Reply | Private Reply | To 11 | View Replies ]

To: piytar

Has anyone gone to jail for that?


49 posted on 02/11/2018 7:33:13 AM PST by nickcarraway
[ Post Reply | Private Reply | To 11 | View Replies ]

To: piytar

Could monero be hacked since it’s anonymous?


54 posted on 02/12/2018 8:59:30 AM PST by Democrat_media (Mueller doing coup vs Trump. Obama was adding 97,000 pages of government regulations /year)
[ Post Reply | Private Reply | To 11 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson