3 ms·
Plexcoin, summarized: >"Security is very important to us. That's why we invented a new type of encryption system based on your private virtual currency address
by gregdoesit 9y ago
Plexcoin, summarized:
>"Security is very important to us. That's why we invented a new type of encryption system based on your private virtual currency address, so it is unencyptable."
Come up with a new encryption system and tell the world it's unencryptable... I'll just leave this one hanging. Source: Plexcoin blog (https://www.plexcoin.com/blog/important-statement https://www.plexcoin.com/blog/important-statement)
- gitgud 9y agoWell, it says "undecryptable" now... ".... based on your private virtual currency address, so it is undecryptable." But that makes me think it cannot be decrypted, which is pretty bad for an encryption system. If you cannot decrypt the data, it might as well be random noise ...
- yebyen 9y agoEven if this statement is pristine, it's still pretty flagrant: > August 10, 13h00 GMT > We implement a unique encryption system that uses a portion of your private PlexCoin address to encrypt your email address, your password and your wallet. Security is very important to us. That's why we invented a new type of encryption system based on your private virtual currency address, so it is undecryptable. I mean, even in context, what does this mean? "Security is very important to us."