Post
Topic
Board Bitcoin Discussion
Re: Chinese team released software to mine Satoshi's coin
by
Mt. Gox
on 04/05/2015, 10:58:37 UTC
We all know that Chinese aren't that far behind in terms of technology. In fact, theirs are advancing at a fast rate. Even though they hold the sufficient technology to crack or generate the same private keys to Satoshi's addresses, it still is a resource-consuming and time-consuming effort to recover those coins. SHA-256 is secure enough to be cracked by our technology for the next couple of centuries, and I doubt that even with the world's most advanced computers today, the algorithm would be cracked within a short span of time.

"Far behind"? !!!

LOL!
They are way ahead of everyone.
The truth is, you should consider yourselves lucky to say that YOU are not far behind the Chinese in technology.


Check out the recipients of the Fields Medal (equivalent to the Nobel Prize in Mathematics) and you'll see that most of the ground breaking work in mathematics (which cryptography is a part of) is done by US and UK based researchers. There is also the Turing Award (equivalent to the Nobel Prize in Computing) for outstanding contributions in computer science and that one is mostly awarded to US-based researchers. Same goes for the IEEE John von Neumann Medal, Rolf Schock Prize, and the Nevanlinna Prize. All of these prizes are dominated by US-based mathematicians and computer scientists.