How many expected Bitcoin's price to crash after it surpassed 3k?
Guilty as charged. I had been telling family and friends to buy bitcoin for years and none of them wanted to hear it. It was around 2,000-3,000 dollars they all came to me and said "well im starting to be convinced should I buy some now" and I was telling them no! At this point I suspect they just think I'm a bastard who wants to gloat and doesn't want to share in any of the success.
Yeah, similar here, sometimes you just can't win! I tell them, you didn't listen a year ago and I have no clue today but I wouldn't buy and I've been wrong. For the last week I just say Idunno.
I did decide to go out on a limb yesterday and tell my moms boss that he should totally buy monero though. Cross fingers monero doesn't crash and mom finds herself out of a job.
Edit: I understand he also shorted Bitcoin at around 10% of the present value earlier this year.
Well I guess that suitcase full of cash is gone now.
what do u guys think of the bitcoin futures that will be released tomorrow? this could push the bitcoin price lower yes?
It could do either but the pundits are saying higher then it will massive crash. As usual who knows, we all know crypto is lighning markets verses stock and securities so bear that in mind.
Very solid project. But I have recently heard that most off the tras could be easili deanon?
AAAaanDDD, You heard FFFffffuuuuudddddDDDD.
Barring quantum computers, is Monero immune from cryptographic breaks?
Quoting gmaxwell's statement on bitcoin's cryptography strength:
Quoting gmaxwell's statement on bitcoin's cryptography strength:
Quote
nullc 8 points 8 days ago
But for me as a long term holder, it would just be another blip on the radar.
Or, perhaps, you quietly lose 100% of your position over a period of months while attackers target high value slow moving txouts and move them and cash out long before anyone realizes there is a break.
A second preimage vulnerability would allow forging your signatures... even if you noticed people would just think you and other people complaining got hacked.
This kind of break isn't likely by any means, but it is not outside the bounds of plausibility. You are not immune from cryptographic breaks.
But for me as a long term holder, it would just be another blip on the radar.
Or, perhaps, you quietly lose 100% of your position over a period of months while attackers target high value slow moving txouts and move them and cash out long before anyone realizes there is a break.
A second preimage vulnerability would allow forging your signatures... even if you noticed people would just think you and other people complaining got hacked.
This kind of break isn't likely by any means, but it is not outside the bounds of plausibility. You are not immune from cryptographic breaks.
Interesting. Due to the opaque nature of our blockchain perhaps there is a need to adopt quantum resistant algorithms BEFORE anyone ever discovers a break. Since an intelligent and malicious actor who learned how to break the cryptography might wisely quietly target an opaque blockchain first. Literally before doing ANYTHING else with his new tech. We might be ground zero.
Well this is a good argument not to move to bitcoins algo and stick with cryptonight. As has been suggested (i find the argument very weak), it would be smart to test any attack vector on our chain before trying bitcoins if we used the same library.