We get to see now just how much control the Cabal has on the crypto currencies!
(www.thegatewaypundit.com)
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In most blockchains there is no concept of storing fragments in different locations. Everyone can download the entire blockchain (and infact they should). So the only protection remaining is the cryptographic algorithms.
Everyone here believes with all their heart that C_A does not have the ability to break these algorithms.
If you have ever developed an application that uses encryption, you have to fill out an encryption release form from US. One of the restrictions you have is not to export any app that uses an algorithm with more than 1024 bit key. It is widely believed in the dev community that CIA can decrypt algorithms <1024 bit keys without access to the keys.
Bitcoin, for instances, uses SHA256 - 256 bits. I would be willing to make a cautious bet that C_A, or some other entity has been able to break this algorithm for a long time.
You mean 1024 bit RSA keys? Well that's been broken for a very long time. Anyone with enough computation resources could easily crack that. What kind of retarded restriction is that anyway? I've never used anything smaller than 2048 bit keys for RSA, and in the later years, 4096bit keys.
So that's it? all the fuss is about some retarded US law that essentially bans encryption? You do realize Bitcoin is worldwide and has nothnig to do with the US. It doesn't obey that law.
SHA256 is used for mining, if you knew how to crack it you could earn $2 000 000 hour in untraceable wealth, or you could fuck up the network completely. Forcing a fork somewhere down the chain with the change of the algorithm to say scrypt, which requires more memory than computation.
No wonder all the innovation has stopped in America, what kind of communist shithole have you become?
Let's break it down a little to see if your thinking is correct. If SHA256 could be cracked (and I am not arguing it can be, I am just making an educated guess that it most probably is) then as far as the people who are able to crack it, the system is broken. Think about this carefully. A broken system has no value. If you mined a million bitcoins, you wont be able to sell them at even a fraction of the current price of Bitcoin. So the only value you have from a broken system is to keep it running with the intention of taking it down at the right moment and depending on who has this ability, the right moment might have nothing to do with monetary gains.
Firstly, you have no idea where I am from, but you just assume I am from America. Secondly, if I question Bitcoin I am a communist? Whatever is the logic behind this? Don't you realise that communism rolls in when people stop questioning?
Well, I sincerely hope you have invested a substantial amount of your wealth in Bitcoins so if your faith is well placed you will be mega rich!
That's not how it works, you don't just print new coins out of thin air, even if you do manage to crack SHA256, all you can do is to beat every other miners on the network and take home the reward of currently 6.25 BTC every 10 minute for yourself.
That said, if you did, the network would be compromised, and everyone would agree to do a fork where SHA256 is replaced with another mining algorithm, such as scrypt for instance, which relies on more RAM, hence much harder to crack centralize.
In the meantime, most people would exchange their Bitcoin for Monero, Ethereum and other coins.
You brought up a law regulating encryption, which you claimed Existed in America. Go figure, where else would you be that would make that law relevant to you. And what's not communist about enforcing such retarded law?
Its relevant to any developer anywhere in the world who sells their product in US market.