POV-Ray : Newsgroups : povray.off-topic : Looting of the Fox: The Story of Sabotage at ShapeShift : Re: Looting of the Fox: The Story of Sabotage at ShapeShift Server Time
3 Jul 2024 00:15:27 EDT (-0400)
  Re: Looting of the Fox: The Story of Sabotage at ShapeShift  
From: clipka
Date: 25 Apr 2016 21:59:17
Message: <571ecb75@news.povray.org>
Am 26.04.2016 um 03:34 schrieb Francois Labreque:

>> Quite an interesting (and sad) read:
>>
>> https://news.bitcoin.com/looting-fox-sabotage-shapeshift/
>>
> 
> So a company that wants to handle currency can't even set a secure network.
> 
> CISSPs are a dime a dozen and will work for food scraps.  There is no
> excuse.

Every hacker attacking Bitcoin or other "blockchain assets" is a good
hacker in my book.

From an ecological point of view the Bitcoin concept is absolutely
braindead, as the underlying security concept _inevitably_ leads to a
fast-paced arms race to waste more and more computing power (and hence
energy).

It is also braindead from a point of view of general IT security, as the
arms race is _exclusively_ for _anti-cryptography_ tools (as opposed to
the typical asymmetric admin-vs-hacker arms race). So for the safety of
their digital currency, the Bitcoin community is heavily and constantly
investing into the research for tools that, by their very design,
ultimately jeopardize the safety of all other digital assets.


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