A few people have asked about Zerocash. I've been keeping quiet about this because we're working hard, not because it's been dropped.
Some random thoughts about crypto. Notes from a course I teach. Pictures of my dachshunds. Truecrypt report A few weeks back I wrote an update on the Truecrypt audit promising that we'd have some concrete results to show you soon. Thanks to some hard work by the NCC Crypto Services group, soon is now. We're grateful to Alex, Sean and Tom, and to Kenn White at OCAP for making this all happen.
There's a story on Hacker News asking what the hell is going on with the Truecrypt audit. I think that's a fair question, since we have been awfully quiet lately. To everyone who donated to the project, first accept my apologies for the slow pace. I want to promise you that we're not spending your money on tropical vacations (as appealing as that would be). In this post I'd like to offer you some news, including an explanation of why this has moved slowly.
Today's NSA malware is tomorrow's everywhere malware. Defenders are so screwed.
— Matthew Green (@matthew_d_green) February 18, 2015
Anonymous asked:
How would you handle Bitcoin and other cryptocurrecies as a market with potential to bubble (i.e. Austrian economics)? The Fed IS involved. Goldman Sachs won't release their position on Bitcoin but of course says it's not a currency. I'm not surprised by any CEO getting arrested. How long before it's a bubble?
How would you handle Bitcoin and other cryptocurrecies as a market with potential to bubble (i.e. Austrian economics)?
Carefully, as with any other investment.
How long before it’s a bubble?
Bitcoin has already experienced multiple “bubbles”. If you’re asking when the next one will happen … soonTM.
As I’ve stated many times before, ultimately I think regulation will end up killing bitcoin as the dominant cryptocurrency among liberty minded enthusiast. Bitcoin was not created to be regulated by politicians and banks (whether or not it can be is still open for debate).
I have my hopes out for something like Zerocash (based on the Zerocoin protocol) becoming the dominant cryptocurrency among enthusiast when it’s released. There are plenty of others that may take the first-mover advantage in this arena, but will they be as sound and backed by a competent eponymous dev? Unlikely, but we shall see!
Update : Well, since posting this we've learned that Zerocash is being funded by DARPA and several other military outlets in Israel. We will now substitute BitsharesX in it's place.
NOTE : This site links to a .GOV site. There is no telling what kind of malware they will install on your system. ;)
Keiser Report: Deadly Money Printing Sins
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss confessions and corruption, back doors and austerity.
They look at Mark Carney's claim that house prices are rising because of expectations of higher wages and at David Cameron's calls for permanent austerity for the non-corporate class.
Max suggests QE is being used not only to keep TBTF banks afloat but to keep whole bankers that would otherwise be vivisected.
In the second half, Max interviews Cody Wilson about living in a trifecta of disruptive technologies as a citizen of the future in which bitcoin means a thousand silk roads and fanfare for the common man.
"If you want to understand the impact the Zerocoin is going to have on the world, watch this interview."
- Mark Matthews, LetsTalkBitcoin