Re: BlackRock show concern; Says BTC Source Code Could Be Rendered Flawed
⭐ Merited by vapourminer (1)
It's publicly known that ECDSA/secp256k1 cryptography used by Bitcoin isn't secure against Bitcoin. So i feel either BlackRock or news media decide to perform fearmonger for reason i don't know. Frankly, i would
There's a typo here "cryptography used by Bitcoin isn't secure against Bitcoin "I've fixed it. Thanks for mentioning it.
Why is BlackRock so concerned about Bitcoin's code, but not at all worried about the money sitting in their bank accounts? Both BTC private keys and fiat account access are protected by the same class of cryptographic algorithms.
If I had a quantum computer, I’d start by cracking bank accounts — simply because that’s where the bigger money is.
If I had a quantum computer, I’d start by cracking bank accounts — simply because that’s where the bigger money is.
1. How do you know bank actually use ECDSA/secp256k1 that used by Bitcoin?
2. Unlike Bitcoin, bank theoretically can reverse the transaction and freeze involved bank account.