[Cryptography] WireGuard

Phillip Hallam-Baker phill at hallambaker.com
Tue Sep 4 12:44:11 EDT 2018

On Tue, Sep 4, 2018 at 12:19 PM Ryan Carboni <ryacko at gmail.com> wrote:

> I said this once before and I'll say it again, you people don't notice
> anything. I have pointed out that the total cost for mining Bitcoin at
> current difficulty proves that 80-bit security is still sufficient, which
> is puzzling to some degree or another. Right now ~72-bit difficulty costs
> less than a billion dollars to mine. (although it could be that all Bitcoin
> miners aren't designed efficiently!)
> Everyone here should know that the biggest issue everyone realized after
> the Snowden revelations was metadata. People are still talking about
> directly attacking crypto.

The cheapest and most effective attack on BitCoin or any other system of
its ilk is probably to infiltrate some of the tech-bro sex parties and drop
the tapes on the net.

Like PRISM, we all know what is going on and who is likely involved and the
likely effect of it becoming public knowledge, but knowing and being able
to prove are two very different things.

Yeah, very few of us would be surprised or offended. But couple those
activities with some of the other things certain tech bros are accused of
and maybe there is a PR issue. What is consensual between peers becomes a
problem when there are power differences. Elon Musk recently discovered
that when you are a CEO, a joke tweet can lend you in jail, it will
certainly lead to expensive lawsuits. Well maybe some other CEOs are in for
a learning experience.

People are not going to stop buying phones, playing video games or using
social media. But they might just question the notion that techtopia is the
place they want to be taken and they will almost certainly question being
taken there by the tech bros. I don't think any company with a solid P/E
need worry but those are not the companies that I hear about in relation to
this stuff. Those are the ones that manage to trade for decades losing
money hand over fist. Uber was the first domino.

When it comes to losing money, Bitcoin requires miners to sink several
billions of dollars a year into a startup that will never ever produce any
thing of value by design.
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