Bitcoin Network Saturation

Almost exactly 3 years after this, bitcoin network went down to less than 50% dominance, and has nearly lost its capacity to process payments normally. Bitcoin in Crisis This can be seen on the following graph for the last 12 months. The curve does not go down to zero anymore. It can no longer keep with …

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Silvio Micali – A Genius Which Will Stay in the Bottle

Silvio Micali, one of the most brilliant computer scientists on this planet has just re-invented democracy or blockchains or finance or law order and public authority and few other things, with his ALGORAND system. And some other brilliant crypto innovators are also doing the same thing: see DFINITY. Possibly this is what we really want, a …

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Interesting Parts in CIA Leaks

Schneier wrote: 8,761 classified CIA documents […] 2012-2016 […]it sounds like this cache of documents wasn’t taken from the CIA and given to WikiLeaks for publication, but has been passed around the community for a while — and incidentally some part of the cache was passed to WikiLeaks. […]  extraordinary collection […] several hundred million lines …

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Is PGP Bankrupt?

In the last few years, we have seen an increased awareness that PGP/GPG is a dinosaur of 1990s crypto, and it does not satisfy the need of modern users for secure communication. PGP model has many perverse effects: like creating a single point of failure where all sensitive communications are compromised with cracking one single …

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D-Day For Z.Cash

Today the first ever truly anonymous crypto currency ZEC went live. The full P2P client can be downloaded from here [Linux only for now]. The total number of ZEC coins will be only 21 million, like in bitcoin. Zerocash also reproduces few other unreasonable properties known from bitcoin: bizarre monetary policy with inelastic monetary supply and block halving every …

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