The Tale of Two Evil Empires

George Soros decided in his old days to pick up a new fight. Let us be clear about who is George Soros. This man represents simultaneously what is the best and what is possibly the worst, inside our barely democratic Western pseudo-liberal but generally still rather free world (for now). Wisdom and great intelligence, great sensibility …

Continue reading ‘The Tale of Two Evil Empires’ »

Happy Birthday Bitcoin, 10 Years!

On January 3rd we celebrate 10 years since bitcoin network started operation. Long live all crypto currencies, especially those which actually are real innovators, and bring new technology such as advanced crypto techniques to the market. Let a thousand crypto flowers bloom. P.S. It is also 20 years and 2 days after the introduction of …

Continue reading ‘Happy Birthday Bitcoin, 10 Years!’ »

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 …

Continue reading ‘The Low Cost of 51% Attacks’ »

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 …

Continue reading ‘How to Recover Your Coins Lost due to ViaCoin Multisig Bug’ »

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 …

Continue reading ‘Bitcoin Crazy Ride Hits Wall Street’ »

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 …

Continue reading ‘Storm is Brewing Over Bitcoin Future’ »