4 ms·
So you counterfeit the Zero Coin and trade them for Bit Coins and the system breaks. I am not buying that they are impossible to forge. Especially if they are
by drakaal 14y ago
So you counterfeit the Zero Coin and trade them for Bit Coins and the system breaks.
I am not buying that they are impossible to forge. Especially if they are computationally easy to create.
- judofyr 14y agoOn what basis are you claiming that they are not impossible to forge? You can check the crypto yourself: http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf http://spar.isi.jhu.edu/~mgreen/ZerocoinOakland.pdf
- drakaal 14y agoThings which are computationally easy to create are possible to brute force. Bit Coin only works because it is computationally hard to create them. At some point (50 years from now) Bit coins will not be as impossible to compute as they are now, but the exponential increase in difficulty to compute new ones will limit the likelihood that the advances in technology will catch the computational requirement.
- caf 14y agoIt doesn't matter that the Zero Coin is computationally easy to create, because the Zero Coin doesn't have any value until it's embedded in a Mint transaction in the block chain. Mint transactions will only be accepted by the network if an equivalent value in Bitcoin is burned in the same transaction.