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Author Topic: How does the NSA revelation effect bitcoin? Quantumcopper? >NOT QUANTUM COMPUTER  (Read 2307 times)
fog-or-vos (OP)
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January 02, 2014, 02:47:40 AM
Last edit: January 04, 2014, 04:15:03 AM by fog-or-vos
 #1

I don't have a computer sci background but I'm wondering how the quantumcopper exploit could effect bitcoin. By the sound of it it's essentially a kill switch for the internet/bitcoin users if it's properly directed... talk about at 0:29:55 http://www.youtube.com/watch?v=vILAlhwUgIU  is it good by blockchain at that point?
Thanks for the insight.

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Even in the event that an attacker gains more than 50% of the network's computational power, only transactions sent by the attacker could be reversed or double-spent. The network would not be destroyed.
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Bitcoin Oz
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January 02, 2014, 11:41:23 AM
 #2

No doubt they have an exploit that steals your wallet....

fog-or-vos (OP)
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January 04, 2014, 04:13:58 AM
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..Oz, thanks for the reply, the exploit that I was referring to is not to do with the ability to steal a wallet/iphone issue...(as I understand the quantumcopper exploit applying anyways..)

Has nobody seen this Chaos Communication Congress lecture? Is this quantumcopper exploit not a risk to the bitcoin protocol if nodes are in need of continual connectivity to the network/users ability to make transactions and there is a way to reset/disrupt that connection effectively making it inaccessible/turned off?

Or do I have it all misunderstood?
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January 04, 2014, 06:14:33 AM
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seems like researchers have found a satisfactory material for making quantum chips

copper phthalocyanine


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January 04, 2014, 06:36:45 AM
Last edit: January 04, 2014, 07:57:51 AM by cdog
 #5

well I agree its a must watch video, although Im not scared for my coins, at all
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January 04, 2014, 06:37:29 AM
 #6

Isn't the correct word 'affect'?

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January 04, 2014, 07:01:14 AM
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seems like researchers have found a satisfactory material for making quantum chips

copper phthalocyanine




curious how that happens.... The NSA seems to have a way with clever naming schemes for their projects.....

as an aside I can not imagine how they are able to collect so much data if they don't have the most advanced technology NOT-known-to-man...
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