The Low Cost of 51% Attacks

A web page shows that many crypto currencies lack protection against 51% attacks. For example to double spend in Dash, one needs to pay only 14K$ per hour. To double spend in bitcoin private, 1000$ will suffice. And course benefits of double spending can easily outweigh the costs. In addition some of the higher numbers are questionable. There …

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Who Can Stand Up Against Abusive Internet Giants? And the Original Sin of the Internet

These companies (Facebook, Google, etc) known as Internet Giants violate our privacy everyday and they have corrupted our minds and our economy worldwide. They have built a totalitarian dystopian future which is here already, where humans and business alike are enslaved by a digital mafia which aims at controlling and taxing the whole global economy through mass surveillance and …

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JesusCoin – A Crypto Currency Which Promotes Religious Hatred

Today I have looked at the official website of JesusCoin and their white paper. The same text appears in both. Jeez: what a SHAMEFUL pamphlet FULL of HATE and NONSENSE.  Excerpts – do not blame me for these – we read for example that: “Jesus Coin is guaranteed to save all of its owners from …

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My Position on UCL Strike

A large number of UCL academics have yesterday started a large scale strike lasting for many weeks. These people are sacrificing their salary [UCL will cut their pay down] and there is a strong support for the strike. The strike is organised on the premises that our employer, UCL, are? cutting down their pension contributions or ending guaranteed income schemes …

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How to Recover Your Coins Lost due to ViaCoin Multisig Bug

In November 2017, users have lost 300 M$ in Ethereum due to a bug in Parity wallet multisig features. At this moment the history repeats with ViaCoin: There is a serious bug in Windows ViaCoin 2.8.3. wallet found here and available since April 2017. As a world premiere, here is the solution! How to Recover Coins …

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Storm is Brewing Over Bitcoin Future

If you read recent media reports about future of bitcoin, you wonder what is going on. For sure it is NOT clear which software or which blockchain we will be calling the “true” or “real” bitcoin in the future. Here is a selection of citations, all very recent, and all about the fork expected to …

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UCL InfoSec Visit at Bletchley Park – Friday 29 Sept 2017

Our trip took place 29 Sept 2017.  Some 32 UCL students participated. Students have explored the past in order to find role models for the future.           Due to large numbers, we have split into two groups for a guided Bletchley Park tour, and also had assisted at two bombe demonstrations. …

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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 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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