4 ms·
> it is impossible to factorize big numbers. For any number, there is no way of working out if a smaller number divides into it, short of actually doing the cal
by random28345 10y ago
> it is impossible to factorize big numbers. For any number, there is no way of working out if a smaller number divides into it, short of actually doing the calculation.
Yeah, the author doesn't understand the difference between the difficulty of factorizing large semi-primes and the elliptic curve discrete logarithm problem.
It might be a little error, but lack of understanding of deep technical issues lead directly to specious statements that bitcoin and the blockchain are going to solve world poverty, privacy, fix the economy and neuter the surveillance state.
It almost makes me wonder if Bitcoin was a "black-flag" operation to bring out the crypto-anarchist nerds who can't look past the fact that Bitcoin is innovative to see it doesn't work for most people.
- retube 10y ago> It might be a little error, but lack of understanding of deep technical issues lead directly to specious statements that bitcoin and the blockchain are going to solve world poverty, privacy, fix the economy and neuter the surveillance state. If people need to know or understand this stuff bitcoin will never work. Success rests on the what not the how. The end user doesn't care if your website was written in php or node. All he cares about is what it does.
- random28345 10y ago> If people need to know or understand this stuff bitcoin will never work. Success rests on the what not the how. Bitcoin is an inflationary private currency with $10 transaction fees that is mostly used for illegal activity. Its value and success is predicated on the ability to buy drugs and pay ransoms with Bitcoin. > The end user doesn't care if your website was written in php or node. The end user also gets their wallet stolen. So yeah, I'd say that not understanding the basics is critical when dealing with crypto-currencies.