Bitcoin Forum
June 24, 2024, 01:03:38 AM *
News: Voting for pizza day contest
 
  Home Help Search Login Register More  
  Show Posts
Pages: [1]
1  Alternate cryptocurrencies / Announcements (Altcoins) / Re: Official Anoncoin chat thread (including history) on: September 23, 2014, 01:44:22 AM
Can you ellaborate how you concluded the chance of factorization of a single UFO by an extremely powerful attacker is ~20%? To me a probability only makes sense if you take the variable time into account. How can a powerful attacker have a ~20% chance of factorization spending either 1 day or 1 year of computing power trying to factorize the number?

Okay, you're right. Pick any timespan you want, say, one year. A powerful attacker would be one that can find factors by ECM up to 768 bits and factor numbers up to 2048 bits by GNFS in one year. Such an attacker would then have a ~20% chance of factoring any one of those UFOs in that timespan. Assuming the capacity does not change, in 13 years, the attacker would have had a 1 in a billion chance of factoring all of them, because the attacker would have had enough time to be able to try all 13 in that time. Does that make sense?

Again, I should point out that this attacker would be far beyond what even the NSA is likely to be able to do for decades.

If in 10 years we are worried about someone breaking the all of the UFOs is it possible to upgrade the ZC implementation to use a new larger set of UFOs?

Yes, with a software upgrade (a hard fork). The new software would require that all newly minted zerocoins use the new UFO set. We give everyone, say, a one year deadline to mint all zerocoins in the old UFO set back into ANC (obviously it should be announced repeatedly, in as many places online as possible), and after that year, zerocoins can only be spent from the new UFO set.

Was going to stay out of this bickering but something is definitely rotten here.

A lot of anonymous coins are coming out.
Most of the newer ones are both 'trustless' and do not involve introducing new variables that could serve as back doors.

So many people here are trying to force others to trust Anoncoin and Zerocoin. I do not trust it. I do not trust the pushy people trying to confuse others with big words. It looks like a tag team wrestling show. A lot of fake arguments to sell tickets.

Some expert needs to look into this and find out what is going on. And by expert I don't mean the bs experts on this thread.
Pages: [1]
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!