what does "$13,000 BGP attack" mean in this context?
Bitcoin is the most secure financial network on the planet. But its centralized peripheral companies are among the most insecure.pic.twitter.com/0rxLtXscNJ
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errata: should be $83,000https://thehackernews.com/2014/08/hacker-hijacks-isp-networks-to-steal_7.html …
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oh damn, yeah, the BGP thing
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See also https://btc-hijack.ethz.ch/files/btc_hijack.pdf … If Bitcoin has an Achilles' heel this is likely it.
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Besides the risk of introducing security holes via misguided upgrades, that is.
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Would love to read your thoughts on potential security holes in 2nd layer solutions. More, smaller intermediaries == micro-TTP data leaks?
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@alistairmilne, do you know what bfx's exposure to USDT is? -
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What are tethers? Can you please explain more on this issue? Thanks!
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The problem is: exchanges have to partner with banks and gov in order to operate. Am I the only one who sees this as a red flag?
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need decentralized atomic swapping managed by algorithm and without having to use btc as intermediary.
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Agree 100% ... until quantum computing hits prime time. That's when ECC and RIPEMD show their weaknesses
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Quantum-proof algorithm upgrade will be the least controversial hard fork ever
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It's not the most secure anymore. Ethereum already overtook Bitcoin in that aspect.
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Lol
@hrishikeshio$ETH hashrate is a flatline compared to$BTC: https://bitinfocharts.com/comparison/hashrate-btc-eth.html … Oh, you must think HF rollback gives it security? -
Eth and btc use different mining algorithms. You can't directly compare. Chart is garbage. Check http://flippening.it
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What is the most secure way to purchase and store coins? Thank you!!
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Hi Wilson, you might be interested in this blog post I wrote:https://twitter.com/lightcoin/status/861963451190607872 …
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Thank you! This was super helpful.
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