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I don't know. I would worry about the fact that SHA256 was chosen for the hashing algorithm. There's good reason to believe that the NSA has attempted to develo
by fragsworth 13y ago
I don't know. I would worry about the fact that SHA256 was chosen for the hashing algorithm. There's good reason to believe that the NSA has attempted to develop hardware that can perform incredible quantities of SHA256 hashes, because it is also used as the standard for most encryption online.
They might not have powerful enough machines to actually brute-force normal Internet encryption standards, but they are probably still attempting to develop them, and it shouldn't be surprising if they now have a SHA256 hashing network that can blow the entire world's bitcoin mining operations out of the water.
Alternatively, some other entity may have attempted to build a hashing network to crack online encryption, and they developed bitcoin as another way to try to use their network.
Conspiracy theories, yeah I know, but come on. Is it not at least plausible?
- fragmede 13y agoDepends on whether or not you believe the NSA has its own fab.
- gwern 13y agoThe NSA does have its own fab and partners with commercial fabs, but its fab is small and apparently out of date, and so it seems to be primarily for producing legacy hardware. I looked this up once for reasons that had nothing to do with Bitcoin: http://www.gwern.net/Slowing%20Moore%27s%20Law#fn24 http://www.gwern.net/Slowing%20Moore%27s%20Law#fn24