Quote from: mjc on September 07, 2013, 07:27:15 PM

Quote from: DeathAndTaxes on September 05, 2013, 09:27:22 PM

Quote from: joecascio on September 05, 2013, 09:23:30 PM

This would be pretty easy to test. Just get a bunch of friends to start exchanging encrypted messages about bombing an embassy or govt office. If these douche-bags can break it, they'd be on you like white on rice.

SHA is not an encryption protocol. You can't encrypt messages with SHA.

But your public wallet address along with the associated private key is dependent on asymmetric encryption.

Well no. If you are going to provide a correction please at least get the terms correct. ECDSA is not encryption. The Bitcoin protocol does not use encryption in any form. Some clients/wallets encrypt private keys for saf(er) storage but to date all of those have used symmetric encryption (i.e. QT client uses AES-256).