Bruce Schneier, Image from IT Pro Today. He is correct. Within the definition of trust that Bruce provides is perhaps the reason why he can’t see why public blockchains are more than a means of speculation. The level of trust that the under 30 crowd has in public institutions and big corporations is low. Bruce Schneier put this in a way that can effectively get the point across,” These numbers have nothing to do with the technology of the devices; they are the maximums that thermodynamics will allow. And they strongly imply that brute-force attacks against 256-bit keys will be infeasible until computers are built from something other than matter and occupy something other than space. I’ve not checked in the last few weeks but I’m told the fall from ~20KUSD/bitcoin to less than 3.5k at the begining of december which is a fall to ~1/6th of it’s value caused a lot of bitcoin mining to stop as it was nolonger productive to mine. Oh and other crypto-currencies that are designed specifically to be mined on PC hardware saw a related drop that in turn caused the price of ... Bruce Schneier, the cryptographer of Harvard University, has bluntly refused to have faith in the blockchain technology that is the mother of all type of Cryptocurrency. According to Schneier, the blockchain system is not going to work without trust because one of its main features is a peer-to-peer transaction that is impossible without both the ends trusting each other. But the irony lies in ... Mastering Bitcoin by Andreas M. Antonopoulos. Applied Cryptography by Bruce Schneier. Bitcoin and Cryptocurrency Technologies by Arvind Narayanan. Inventing Bitcoin by Yan Pritzker. The Little Bitcoin Book by Bitcoin Collective. Serious Cryptography by Jean-Philippe Aumasson. An Altcoin Trader's Handbook by Nik Patel. Bitcoin by Knut Svanholm Bruce Schneier is a smart guy. He has connections to Harvard University, works for IBM (via IBM Resilient), is the author of numerous books, and also was published recently by Wired on the topic of blockchain. The op-ed he wrote was very critical of blockchain, and questioned its utility. One of the ideas that Schneier’s […]
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