The White House has appointed a well known crypto currency expert Ed Felten from Princeton University Computer Science department. This is a good sign, this means that an informed scientific debate, intellectual honesty and common sense have a chance to survive in the crypto currency world. I have started to doubt about it. Felten has many …
The final report can be found here. The report identifies 4 major vulnerabilities, 2 of them are judged of high severity and are as follows: The most commonly used windows versions of TrueCrypt were found to have a specific problem with calling the function CryptAcquireContext which is used in Truecrypt exclusively for the purpose of …
A wind of change is blowing inside the bitcoin community. For many many years the dominant ideology in bitcoin community was that open source software such as bitcoin is “secure”, and that you need to trust the infinite wisdom of the crowd who will find all the bugs and fix them, the wisdom of the …
Continue reading ‘The Era of Irresponsibility Is Coming to An End?’ »
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Dr Sue Black [UCL, saving the Bletchley Park activist] explains how much the true story of breaking Enigma during the WW2 is not at all what the movie shows us, and explains that though so many things in the movie are just totally historically inaccurate, it would be somewhat very difficult to tell the real story …
Continue reading ‘Imitation Game Movie – Is A Single Fact Related By This Movie Actually True?’ »
Nobody yet knows how 5 million of dollars in bitcoins were stolen from bitstamp (reported on 5 Jan 2015). One expert report by Ferrin can be found here, however it is not clear if anybody knows at all HOW these bitcoins have been stolen. The bitcoin address of the thief is also known. Possibly bitcoin …
Continue reading ‘Speculation About The New Theft – 5 Million Dollars Stolen’ »
It appears that at least 100,000 USD were recently stolen from Blockchain.info wallets. Then a lot more was stolen again as reported on 15 Dec. Let us try to get make sure that we understand these events properly. Historical Background Bad random events in the blockchain have been known since January 2013. We have written on this …
Continue reading ‘Now At Least 200,000 USD Stolen From Blockchain.Info Wallets’ »
Bad random events are still happening in the bitcoin blockchain, such events are observed on a regular basis. They are probably due to some yet unpatched software (cf. section Mitigation Points here). Here is the latest such event at the moment of writing, it has occurred on 29 November 2014, see here. Two different bitcoin …
So many times we have learned about cryptography and security the hard way. One of the key problems is ignoring the advice and warnings, which are plainly written in the current crypto literature. This without the slightest ambiguity, so that there is very little doubt about what a reasonable and professional security practice is. The Story …
Continue reading ‘Controversy Around Bitcoin Elliptic Curve’ »
Bitcoin has a toxic culture of NOT taking security and cryptography questions seriously ever. Being able to withstand expert criticism, champion best practices and anticipate the risks is crucial for any open source project. Unhappily we observe that: There isn’t a single academic or scientist at the bitcoin foundation and they don’t like being criticized on …
Continue reading ‘Bitcoin Security and Cryptography: Reasons to Worry’ »