> Are we assuming that it's impossible to extract a private key from one of these devices? Nope, it's just "expensive" to extract keys from secure hardware lik

> Are we assuming that it's impossible to extract a private key from one of these devices? Nope, it's just "expensive" to extract keys from secure hardware like this. The problem with an approach like this is that when the secret keys are identical for a large number of devices then the cost of revoking a compromised key goes up significantly which, for a spammer, would increase the value of obtaining said key because of the likelyhood that the key would be usable for a much longer time than if the key was unique to each device (and could be very easily blacklisted). Techniques to extract data from these sorts of secure devices include various forms of side-channel analysis, decapping and microprobing the IC, using SEM, etc. to physically damage parts of the circuit to try to force it to disclose the key and various forms of power and clock glitching. Most decent hardware-based cryptosystems are designed to ensure that each device has a unique key so that the cost of extracting one key (lets say around $100k) is too high for a potential attacker if the key can just be blacklisted, but if the key is expensive/impossible to blacklist then that cost might be worthwhile to an attacker.