Re: XMR vs DRK

Quote from: kazuki49 on March 31, 2015, 04:18:03 AM

Quote from: Anon136 on March 31, 2015, 04:13:38 AM

no way man. the science of cryptography is a never ending battle of attrition. the ring signatures that monero uses will be broken some day. count on it. that doesnt mean we cant have a hell of a party while they hold and make some great use out of them before they are broken Grin

that would be after BTC tho, since the crypto algos behind XMR are "safer", quite literally at the elliptic curve (doesnt mean BTC isn't), btw I dont expect BTC to be broken any time soon (aka I doubt it will happen before quantum PCs are the norm).

also,

Quote

Based on our current level of technology and our current understanding of cryptography there is no vulnerability in ring signatures, not in theory nor in our implementation (which is mostly based on old, exceedingly well-tested cryptography and code from SUPERCOP / libsodium / NaCL). The cryptography is directly based on work that is nearly 10 years old, which in turn is grounded in cryptography in a paper from 1991, so we're talking about something that has already been analysed by very gifted cryptographers.

Probably it will be a while i agree. As an analogy, even if hammers are useless 100 years from now does that mean that everyone everywhere should stop manufacturing and using hammers right now? I think not. They are pretty damn useful right now, and will continue to be for some time so we should definitely get as much use out of them as we can so long as they are useful.