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’ »

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 …

Continue reading ‘My Position on UCL Strike’ »

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’ »

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. …

Continue reading ‘UCL InfoSec Visit at Bletchley Park – Friday 29 Sept 2017’ »

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 …

Continue reading ‘ICOs – The Good and the Ugly’ »