Forum Settings
       
« Previous 1 2
Reply To Thread

BitCoin BubbleFollow

#1 Apr 03 2013 at 6:54 AM Rating: Good
Skelly Poker Since 2008
*****
16,311 posts
Bitcoin value has been climbing rapidly, reportedly in response to the global banking fiasco. Most recently the Cyprus ordeal has caused their value to skyrocket to over $100/coin. There are still limited uses for actually spending bitcoins directly for goods or services - at least legally. The Guardian reports that they are being used as the main currency for transacting within the underground virtual market, Silk Road. Also supposedly, the current state of hyper-inflation of the coins will prevent or at least hinder their path to becoming a legitimate working currency - instead they become an investment item.

Until now, bitcoins and services of it's sort have had no regulation. This rapidly expanding bubble, however, has gotten the attention of many governmental econo-types. Perhaps bitcoins will forge the road through red tape and come out on the other end as a regulated viable world currency. Who knows.

Has anyone purchased or done transaction with Bitcoins?

Will alternate privately held/distributed electronic currencies help or hinder the world economy?


____________________________
Alma wrote:
Post and be happy!
#2 Apr 03 2013 at 6:56 AM Rating: Good
Avatar
*****
11,405 posts
Someone get Kao, an ad-bot took over Elinda's account.
____________________________
Shaowstrike (Retired - FFXI)
91PUP/BLM 86SMN/BST 76DRK
Cooking/Fishing 100


"We don't just borrow words; on occasion, English has pursued other languages down alleyways to beat them unconscious and rifle their pockets for new vocabulary."
— James D. Nicoll
#3 Apr 03 2013 at 7:04 AM Rating: Good
Avatar
*****
11,405 posts
I see virtual currencies helping to hide under the table deals, but I really don't think they'll be used as legal tender. It would be easier to crack the security measures and create as much as you want than counterfeiting physical currency.
____________________________
Shaowstrike (Retired - FFXI)
91PUP/BLM 86SMN/BST 76DRK
Cooking/Fishing 100


"We don't just borrow words; on occasion, English has pursued other languages down alleyways to beat them unconscious and rifle their pockets for new vocabulary."
— James D. Nicoll
#4 Apr 03 2013 at 7:08 AM Rating: Good
Avatar
****
5,671 posts
Lately there has been a wave of script-kiddies holding Minecraft servers hostage with DDOS attacks and demanding Bitcoin payments to make them stop.
____________________________
my Tumblr
Pixelmon Server Info
FFXI-AH Profile
#5 Apr 03 2013 at 7:10 AM Rating: Good
Skelly Poker Since 2008
*****
16,311 posts
Shaowstrike the Shady wrote:
I see virtual currencies helping to hide under the table deals, but I really don't think they'll be used as legal tender. It would be easier to crack the security measures and create as much as you want than counterfeiting physical currency.

I bet it's harder to hack bitcoin than citibank.

Don't you think there could be value in a currency that is not under the ownership or influence of a single government or group of governments?

____________________________
Alma wrote:
Post and be happy!
#6 Apr 03 2013 at 7:20 AM Rating: Excellent
Avatar
*****
11,405 posts
Elinda wrote:
Shaowstrike the Shady wrote:
I see virtual currencies helping to hide under the table deals, but I really don't think they'll be used as legal tender. It would be easier to crack the security measures and create as much as you want than counterfeiting physical currency.

I bet it's harder to hack bitcoin than citibank.

Don't you think there could be value in a currency that is not under the ownership or influence of a single government or group of governments?




Ownership yes, but it can still be influenced by government internet control policy for some part. Granted I'm saying this on the assumption that Bitcoin works on the same principle as PayPal, but all they would have to do is have local ISP's block access to their sites or create software that blocks any embedded payment plugins from loading.
____________________________
Shaowstrike (Retired - FFXI)
91PUP/BLM 86SMN/BST 76DRK
Cooking/Fishing 100


"We don't just borrow words; on occasion, English has pursued other languages down alleyways to beat them unconscious and rifle their pockets for new vocabulary."
— James D. Nicoll
#7 Apr 03 2013 at 7:27 AM Rating: Good
Worst. Title. Ever!
*****
15,228 posts
Elinda wrote:
Don't you think there could be value in a currency that is not under the ownership or influence of a single government or group of governments?


I think the decentralized, anonymous nature of the currency is the main concern in my book. Going through lolWiki I see instances of these "Bit Miners" shutting down and walking away, hackers gaining access to these 'wallet.dat' files and the owner losing it (like... an entire bank stored in one file?). And it's only been a handful of years.

I won't pretend to understand the bitcoin operation...

At least with a single government or groups of governments there is at least the exterior image of accountability.

____________________________
Can't sleep, clown will eat me.
#8 Apr 03 2013 at 7:34 AM Rating: Good
******
44,484 posts
I can't help but think of games like Tiny Towers or Pocket Planes when the term BitCoin is said.

I'm patiently awaiting the day when we do away with physical currency and move onto some kind of digital tracking method, but I'm aware that it won't be in my life time. I'd like to be able to go through checkout without being stuck behind someone who has been alive two hundred years counting pennies or shakily trying to write out a check. Swipe and go, I got stuff to do.
____________________________
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
#9 Apr 03 2013 at 7:59 AM Rating: Excellent
Avatar
******
29,905 posts
Shaowstrike the Shady wrote:
Someone get Kao, an ad-bot took over Elinda's account.


Bagel socks
____________________________
Arch Duke Kaolian Drachensborn, lvl 95 Ranger, Unrest Server
Tech support forum | FAQ (Support) | Mobile Zam: http://m.zam.com (Premium only)
Forum Rules
#10 Apr 03 2013 at 8:04 AM Rating: Good
Unforkgettable
*****
13,251 posts
Dread Lörd Kaolian wrote:
Shaowstrike the Shady wrote:
Someone get Kao, an ad-bot took over Elinda's account.


Bagel socks
Yak bladders
____________________________
Banh
#11 Apr 03 2013 at 8:51 AM Rating: Good
Lunatic
******
29,556 posts
Perhaps bitcoins will forge the road through red tape and come out on the other end as a regulated viable world currency

Won't happen. Pegged to a limited "resource mining" algorithm pretty much guarantees deflation and hording. As a monetary system it's basically self destroying. As a money laundering system (the primary actual use) it has some value, but as the profile becomes more known, so too the regulatory interest. Would collapse on it's own given sufficient time, probably is pro-actively destroyed prior to that as enough hipsters use it to buy DMT or whatever on Silk Road. As an investment vehicle, one would have to weigh the risk of not only the inevitable collapse in value, but also the inevitable collapse in legal viability. Roulette has a better long term return.
____________________________
Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? ***. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#12 Apr 03 2013 at 11:48 AM Rating: Excellent
Tracer Bullet
*****
12,599 posts

Would have been nice to get in on bitcoin when it was worth pennies a couple years ago, but I always assume that, by the time I hear about something, it's already too late to buy low. The lesson remains, as always, to always start your own pyramid scheme rather than latching on to another's.
____________________________
Na Zdrowie
#13 Apr 03 2013 at 12:19 PM Rating: Decent
Scholar
**
490 posts
Quote:
Granted I'm saying this on the assumption that Bitcoin works on the same principle as PayPal, but all they would have to do is have local ISP's block access to their sites or create software that blocks any embedded payment plugins from loading.
No, it's nothing like paypal. It's completely decentralized. No website or server is needed for bitcoin. Everything is done peer to peer.

Quote:
hackers gaining access to these 'wallet.dat' files and the owner losing it (like... an entire bank stored in one file?).
This isn't really possible if you're not an idiot. Everyone else encrypts their wallet, so even if it was stolen, it couldn't be read. If you really want to be safe, you could write it down on paper, or put it on a flash drive, and put that in a safety deposit box. The wallet file isn't needed to make deposits, only to send bitcoins.
____________________________
#14 Apr 03 2013 at 1:12 PM Rating: Good
Cervixhouse-Five
******
30,643 posts
I thought this thread was going to be about some FaceBook game. I have never heard of bitcoin.
#15 Apr 03 2013 at 1:30 PM Rating: Good
******
27,272 posts
I've heard it mentioned before but I can't say I knew what it was prior to this thread.
____________________________
Theophany wrote:
YOU'RE AN ELITIST @#%^ AETHIEN, NO WONDER YOU HAVE NO FRIENDS AND PEOPLE HATE YOU.
someproteinguy wrote:
Aethien you take more terrible pictures than a Japanese tourist.
Astarin wrote:
One day, Maz, you'll learn not to click on anything Aeth links.
#16 Apr 03 2013 at 1:37 PM Rating: Decent
Scholar
****
4,307 posts
Quote:
Everyone else encrypts their wallet, so even if it was stolen, it couldn't be read


L O L
#17 Apr 03 2013 at 1:45 PM Rating: Excellent
Avatar
******
29,905 posts
Spoonless wrote:
Dread Lörd Kaolian wrote:
Shaowstrike the Shady wrote:
Someone get Kao, an ad-bot took over Elinda's account.


Bagel socks
Yak bladders


You fool! You've doomed us all!!!
____________________________
Arch Duke Kaolian Drachensborn, lvl 95 Ranger, Unrest Server
Tech support forum | FAQ (Support) | Mobile Zam: http://m.zam.com (Premium only)
Forum Rules
#18 Apr 03 2013 at 2:24 PM Rating: Decent
Scholar
**
490 posts
Yodabunny wrote:
Quote:
Everyone else encrypts their wallet, so even if it was stolen, it couldn't be read


L O L
What exactly is funny?
____________________________
#19 Apr 03 2013 at 2:33 PM Rating: Decent
Scholar
****
4,307 posts
Rachel9 wrote:
Yodabunny wrote:
Quote:
Everyone else encrypts their wallet, so even if it was stolen, it couldn't be read


L O L
What exactly is funny?


Thinking you can secure digital currency with encryption. Currency by its nature lasts a very long time. Even if it would take thousands of years to crack now, it'll take minutes or even seconds in the future.

Currency itself isn't a thing, it's a belief, a belief that you are owed something of value that will be provided in the future. This experiment (and that's really all it is) won't work because there is nothing here to believe in. There's nothing to back it up. You take payment in American dollars because the US government isn't going to disappear tomorrow and that's generally accepted knowledge with a massive physical infrastructure to back it up.
#20 Apr 03 2013 at 2:44 PM Rating: Excellent
Meat Popsicle
*****
12,011 posts
Belkira wrote:
I thought this thread was going to be about some FaceBook game. I have never heard of bitcoin.

Something like this. I can only assume it's evil and sinister. Kids these days... Smiley: disappointed

As far as privately-owned online currencies, I give people in-game gold for something they purchased with real money from the cash shop. It seems like a good deal. As for the real world, I'd fear the currency would be manipulated by the people controlling it. Really the same fear that exists for many countries that print their own currency I suppose. Trust and stuff, it's universally needed.
____________________________
That monster in the mirror, he just might be you. -Grover
#21 Apr 03 2013 at 3:24 PM Rating: Decent
Scholar
**
490 posts
Quote:
Currency by its nature lasts a very long time. Even if it would take thousands of years to crack now, it'll take minutes or even seconds in the future.
If you need to store some bitcoins for multiple life times, put it in a safety deposit box, as i already mentioned. You can't hack into something that's not connected to a network, or potentially not even on any computer. Otherwise if the encryption you used is broken, just send all your coins to a new address and reencrypt with something more secure. This isn't going to happen in our life times though, so it's not like it's really such a big concern.
Quote:
You take payment in American dollars because the US government isn't going to disappear tomorrow and that's generally accepted knowledge with a massive physical infrastructure to back it up.
Well it certainly could. It's not very likely, but it's possible. It's also incredibly unlikely bitcoins will disappear tomorrow. Maybe not anywhere near as unlikely as US dollars, but still incredibly unlikely. But i guess that's why people aren't as willing to accept them as USD.
____________________________
#22 Apr 03 2013 at 3:40 PM Rating: Good
******
27,272 posts
Relevant story.
____________________________
Theophany wrote:
YOU'RE AN ELITIST @#%^ AETHIEN, NO WONDER YOU HAVE NO FRIENDS AND PEOPLE HATE YOU.
someproteinguy wrote:
Aethien you take more terrible pictures than a Japanese tourist.
Astarin wrote:
One day, Maz, you'll learn not to click on anything Aeth links.
#23 Apr 03 2013 at 3:49 PM Rating: Good
Scholar
**
490 posts
His Excellency Aethien wrote:
Jeeze, that's some amazing timing. $14 each? That's like $200k profit in 3 months?
____________________________
#24 Apr 03 2013 at 3:54 PM Rating: Good
******
27,272 posts
According to the comments he turned $30k into $272k in a month.
____________________________
Theophany wrote:
YOU'RE AN ELITIST @#%^ AETHIEN, NO WONDER YOU HAVE NO FRIENDS AND PEOPLE HATE YOU.
someproteinguy wrote:
Aethien you take more terrible pictures than a Japanese tourist.
Astarin wrote:
One day, Maz, you'll learn not to click on anything Aeth links.
#25 Apr 03 2013 at 4:00 PM Rating: Good
Encyclopedia
******
31,946 posts
Rachel9 wrote:
Quote:
Currency by its nature lasts a very long time. Even if it would take thousands of years to crack now, it'll take minutes or even seconds in the future.
If you need to store some bitcoins for multiple life times, put it in a safety deposit box, as i already mentioned. You can't hack into something that's not connected to a network, or potentially not even on any computer.


"In the future" wasn't referring to thousands of years from now though, but like maybe 5. Depends on which encryption you used. On thing most people don't realize is that most encryption that is readily available *today* is near to being obsolete already. It's the nature of the beast. Adoption time isn't much longer than "we can crack this semi-trivially" time.

Quote:
Otherwise if the encryption you used is broken, just send all your coins to a new address and reencrypt with something more secure. This isn't going to happen in our life times though, so it's not like it's really such a big concern.


It'll happen multiple times in your lifetime. Probably multiple times in a decade. And most people won't update their encryption quickly enough. They never do. You'll discover that the encryption you're using is out of date when your file(s) get cracked. Or at least most people will. As a means of laundering money, or hiding transactions it's useful, I suppose. As long as that lasts. As a legitimate currency? There really is a reason why you want money backed by the faith and credit of a sovereign nation (a number of reasons actually).
____________________________
King Nobby wrote:
More words please
#26 Apr 03 2013 at 4:22 PM Rating: Decent
Scholar
**
490 posts
Quote:
"In the future" wasn't referring to thousands of years from now though, but like maybe 5.
Yeah, you're insane.
____________________________
#27 Apr 03 2013 at 4:48 PM Rating: Decent
Avatar
***
2,614 posts
Elinda wrote:
Perhaps bitcoins will forge the road through red tape and come out on the other end as a regulated viable world currency...Will alternate privately held/distributed electronic currencies help or hinder the world economy?


Why do you hate GOD?

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Revelation 13:16-17

Smiley: tinfoilhat
____________________________
Dandruffshampoo wrote:
Curses, beaten by Professor stupidopo-opo.
Annabella, Goblin in Disguise wrote:
Stupidmonkey is more organized than a bag of raccoons.
#28 Apr 03 2013 at 5:08 PM Rating: Good
Encyclopedia
******
31,946 posts
Rachel9 wrote:
Quote:
"In the future" wasn't referring to thousands of years from now though, but like maybe 5.
Yeah, you're insane.


You're the one who referred to storage of bitcoins over multiple lifetimes.
____________________________
King Nobby wrote:
More words please
#29 Apr 03 2013 at 7:53 PM Rating: Decent
Scholar
**
490 posts
gbaji wrote:
Rachel9 wrote:
Quote:
"In the future" wasn't referring to thousands of years from now though, but like maybe 5.
Yeah, you're insane.


You're the one who referred to storage of bitcoins over multiple lifetimes.
Which is a little different than 5 years. If you need your million bitcoin wallet to be safe for 300 years, then you probably don't want to just encrypt it with AES, and call it a day. But if you plan on spending it in 5 or 10 years, then encrypt it a couple times, and your biggest risk is of someone kidnapping you and torturing you for the passwords.

Edited, Apr 3rd 2013 9:53pm by Rachel9
____________________________
#30 Apr 04 2013 at 6:20 AM Rating: Good
Everyone's Oiran
Avatar
*****
15,923 posts
His Excellency Aethien wrote:
According to the comments he turned $30k into $272k in a month.

Time to cash out almost totally into other investments NOW.
____________________________
<3

http://www.reddit.com/r/Forum4/
#31 Apr 04 2013 at 6:24 AM Rating: Good
Lunatic
******
29,556 posts
But if you plan on spending it in 5 or 10 years, then encrypt it a couple times, and your biggest risk is of someone kidnapping you and torturing you for the passwords.

Well, your BIGGEST risk is that it becomes completely valueless. I'd rate being kidnapped and tortured pretty far down on the list of probably negative outcomes.
____________________________
Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? ***. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#32 Apr 04 2013 at 6:43 AM Rating: Good
Avatar
*****
11,405 posts
Rachel9 wrote:
But if you plan on spending it in 5 or 10 years, then encrypt it a couple times, and your biggest risk is of someone kidnapping you and torturing you for the passwords.


____________________________
Shaowstrike (Retired - FFXI)
91PUP/BLM 86SMN/BST 76DRK
Cooking/Fishing 100


"We don't just borrow words; on occasion, English has pursued other languages down alleyways to beat them unconscious and rifle their pockets for new vocabulary."
— James D. Nicoll
#33 Apr 04 2013 at 7:19 AM Rating: Excellent
******
44,484 posts
Professor stupidmonkey wrote:
Why do you hate GOD?
Made me too amazing. It's quite the burden.
____________________________
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
#34 Apr 04 2013 at 7:39 AM Rating: Excellent
Avatar
******
29,905 posts
I have the best idea for alternative currancy of all time!
Batcoins!
They're shaped like batman logos. Difficult to counterfit because they aren't round, and they douible as a throwing batarang. Only one image side though, so twoface can't use them to flip for decisions. Their value will be tied to the golden age of comics standard, an'd there will be a catchy tresury department theme song for them. "na na na na na na na na Batcoin!"
____________________________
Arch Duke Kaolian Drachensborn, lvl 95 Ranger, Unrest Server
Tech support forum | FAQ (Support) | Mobile Zam: http://m.zam.com (Premium only)
Forum Rules
#35 Apr 04 2013 at 7:43 AM Rating: Excellent
******
44,484 posts
Dread Lörd Kaolian wrote:
I have the best idea for alternative currancy of all time! Batcoins!
I'm still waiting on Bat Female Villain Repellent spray.
____________________________
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
#36 Apr 04 2013 at 7:55 AM Rating: Excellent
Liberal Conspiracy
*******
TILT
I've only vaguely followed this whole thing but I recall once upon a time reading that while you could mine coins via computers running algorithms to "find" them, the return probably wasn't worth the cost of electricity. At the time though, they were like 7¢ each. I wonder if it's a profitable venture now.
____________________________
Belkira wrote:
Wow. Regular ol' Joph fan club in here.
#37 Apr 04 2013 at 7:56 AM Rating: Good
******
44,484 posts
Wasn't that the plot to Office Space?
____________________________
George Carlin wrote:
I think it’s the duty of the comedian to find out where the line is drawn and cross it deliberately.
#38 Apr 04 2013 at 8:53 AM Rating: Excellent
Jophiel wrote:
I've only vaguely followed this whole thing but I recall once upon a time reading that while you could mine coins via computers running algorithms to "find" them, the return probably wasn't worth the cost of electricity. At the time though, they were like 7¢ each. I wonder if it's a profitable venture now.

There was a sweet spot where you could cover the cost of the hardware and electricity in about 6 months or so. The problem is that as time goes on, it takes longer to generate bitcoins, hence the return is slowed even as the value is increased. I never really got into it but I did have a friend who used it as an excuse to build a massive gaming system. I think he about broke even in the end, which isn't bad given he still had the superpowered computer. If he hadn't sold the coins, I suppose he would have made a decent amount of money by now.
____________________________
01001001 00100000 01001100 01001001 01001011 01000101 00100000 01000011 01000001 01001011 01000101
You'll always be stupid, you'll just be stupid with more information in your brain
Forum FAQ
#39 Apr 04 2013 at 9:23 AM Rating: Decent
Scholar
****
4,307 posts
Rachel9 wrote:
Which is a little different than 5 years. If you need your million bitcoin wallet to be safe for 300 years, then you probably don't want to just encrypt it with AES, and call it a day. But if you plan on spending it in 5 or 10 years, then encrypt it a couple times, and your biggest risk is of someone kidnapping you and torturing you for the passwords.


"encrypt it a couple times" L O L omg this is priceless.

"I can pick that lock in ten seconds"
"Well I'll just put a lock on the lock!"

Encryption is pretty much hitting a point now where it's next to useless as a security method for anything of significant worth. Anonymous currency is pretty much out the window in the next couple of decades because it'll be too easy to duplicate regardless of the medium used. Future currencies will have to be managed by some type of organization, like a government, to ensure someone actually knows how much money you have without having to rely on what you or some 3rd party says. Currency must have a trusted backer with a vested interest that can guarantee its authenticity or it doesn't work.

What happens when you can't spend your bitcoins? Who do you go to?
#40 Apr 04 2013 at 9:49 AM Rating: Decent
Lunatic
******
29,556 posts
Encryption is pretty much hitting a point now where it's next to useless as a security method for anything of significant worth.

Not really. Public key encryption can essentially always be broken given sufficient computational power, but one time pad encryption is viable here and is secure against infinite computational resources if implemented properly. If the use case is you want to encrypt data once, and keep it encrypted until the same actor decrypts it for use, it becomes a problem of physical security around the pad and not computational security of the key. Useless if Alice wants to encrypt and send Bob data that Bob decrypts, perfectly secure if Alice wants to encrypt and then Alice later wants to decrypt.
____________________________
Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? ***. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#41 Apr 04 2013 at 11:00 AM Rating: Decent
Scholar
****
4,307 posts
Smasharoo wrote:
Not really. Public key encryption can essentially always be broken given sufficient computational power, but one time pad encryption is viable here and is secure against infinite computational resources if implemented properly. If the use case is you want to encrypt data once, and keep it encrypted until the same actor decrypts it for use, it becomes a problem of physical security around the pad and not computational security of the key. Useless if Alice wants to encrypt and send Bob data that Bob decrypts, perfectly secure if Alice wants to encrypt and then Alice later wants to decrypt.


No. More secure sure, but there is no such thing as perfect encryption even in this case. You can still brute force this, currently you're looking at millenia of computing time to do it but that changes pretty rapidly at the pace computing power is increasing. Given recent research into quantum computing it may actually be instantaneous in the relatively near future. Relatively being a...relative term of course. 3rd party duplication and verification of transactions with reconciliation of discrepancies properly implemented is the only truly secure option for any digital currency.

The incentive to crack it is just too high for there to not be some form of record to compare against in the event of a discrepancy. Think about what would happen if someone got a hold of all of the equipment and exact materials/know how to create American currency at will. That's what we're talking about here, except now you don't need the materials, the know how is readily available, and there is nobody to tell you you can't or punish you for doing it since it's not regulated by any organization.
#42 Apr 04 2013 at 11:03 AM Rating: Good
Lunatic
******
29,556 posts
No. More secure sure, but there is no such thing as perfect encryption even in this case. You can still brute force this

False.
____________________________
Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? ***. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#43 Apr 04 2013 at 11:06 AM Rating: Decent
Scholar
****
4,307 posts
Smasharoo wrote:
False.


Incorrect.
#44 Apr 04 2013 at 11:07 AM Rating: Excellent
Meat Popsicle
*****
12,011 posts
Smiley: rolleyes
____________________________
That monster in the mirror, he just might be you. -Grover
#45 Apr 04 2013 at 11:09 AM Rating: Good
Lunatic
******
29,556 posts
Incorrect.

Are we going on knowledge of cryptanalysis then? Because, due respect, I think you're going to lose the reputation battle there, sport. If you want to demonstrate some evidence of a successful computational attack against one time pad encryption in the history of the world, I'd be interested to see it. So would every mathematician on the planet.
____________________________
Disclaimer:

To make a long story short, I don't take any responsibility for anything I post here. It's not news, it's not truth, it's not serious. It's parody. It's satire. It's bitter. It's angsty. Your mother's a *****. You like to jack off dogs. That's right, you heard me. You like to grab that dog by the bone and rub it like a ski pole. Your dad? ***. Your priest? Straight. **** off and let me post. It's not true, it's all in good fun. Now go away.

#46 Apr 04 2013 at 11:12 AM Rating: Good
******
21,718 posts
Yodabunny wrote:
No. More secure sure, but there is no such thing as perfect encryption.


Red herring, much?
____________________________
R.I.P. Jessica M. 5/3/2010
This post brought to you by Carl's Jr.
gbaji wrote:
You guys keep tossing facts out there like they mean something.


#47 Apr 04 2013 at 11:13 AM Rating: Decent
Scholar
**
490 posts
Yodabunny wrote:
Rachel9 wrote:
Which is a little different than 5 years. If you need your million bitcoin wallet to be safe for 300 years, then you probably don't want to just encrypt it with AES, and call it a day. But if you plan on spending it in 5 or 10 years, then encrypt it a couple times, and your biggest risk is of someone kidnapping you and torturing you for the passwords.


"encrypt it a couple times" L O L omg this is priceless.

"I can pick that lock in ten seconds"
"Well I'll just put a lock on the lock!"
Well when the other locks require entirely different knowledge to pick, it's not so ridiculous.
____________________________
#48 Apr 04 2013 at 11:24 AM Rating: Excellent
****
6,470 posts
Now now, everyone, I'm sure all of your respective e-penii are plenty large.
____________________________
Latest Articles:
Monaco: What's Yours is Mine Review

Follow me on Twitter!
#49 Apr 04 2013 at 11:35 AM Rating: Excellent
Mine is ******* massive.

Something Something encryption. HAH.
____________________________
01001001 00100000 01001100 01001001 01001011 01000101 00100000 01000011 01000001 01001011 01000101
You'll always be stupid, you'll just be stupid with more information in your brain
Forum FAQ
#50 Apr 04 2013 at 11:56 AM Rating: Excellent
Meat Popsicle
*****
12,011 posts
I encrypted mine so no one can tell how big it is.
____________________________
That monster in the mirror, he just might be you. -Grover
#51 Apr 04 2013 at 12:14 PM Rating: Good
Unforkgettable
*****
13,251 posts
False.
____________________________
Banh
« Previous 1 2
Reply To Thread

Colors Smileys Quote OriginalQuote Checked Help

 

Recent Visitors: 28 All times are in CST
Almalieque, Kavekkk, Anonymous Guests (26)