Bitcoin Crazy Ride Hits Wall Street

It is a big success for bitcoin and coincides with an incredible price rally where bitcoin has accomplished in 2017. In first days of 2017, bitcoin was worth 1000$. 5 months later in May it was at 2000$, 3 months later in August it was at 4000$, and after another 3 months in November it was at …

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XYZ and Saving an Extremely Rare Enigma Machine

Public donations are sought by Pilsudski Institute in London. The most prominent host of the institute is an extremely rare WW2 Enigma machine. This machine was made in France during WW2 to assist Polish code breakers in their daily code-breaking tasks [done in close collaboration with Bletchley Park, UK]. Only two such machines exist, see here …

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ICOs – The Good and the Ugly

In the recent crazy wave of ICOs we hear every day that investors should be warned and there are lots of scams or that it is unlikely that ICOs can deliver. So the question is how do you tell apart a “good ICO” from a bad one? It is a difficult question, but let us …

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Bitcoin Network Recovery – $40 Billion Of Self-Inflicted Damage

After 1 month of acute crisis the bitcoin network is finally operating more or less normally. Imagine that you went to a station in rush hour and it took you 1 month to get home due tube or rail network jamming. This is exactly what happened to bitcoin in the last 2-3 months, and which is …

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Post-Quantum RSA

A very detailed study showing that RSA can be re-engineered in order to remain practical, yet it will no longer be broken by a quantum computer. The essence of the proposal is a multiple-prime RSA with great many 4096-bit primes and with 1 Terabyte public key. A significant potential weakness [for which however there is no …

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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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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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Controversy Around Profitability of AltCoin Investment

There is a considerable controversy around whether investing in a balanced basket of cryptocoins is a good idea. Two serious sources show that this sort of investment enjoys steady growth without a lot of downturns, cf. DLT10 Index and a recent detailed study which concentrates on a shorter period with excellent returns since Jan 2016 (cf. also …

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