Gregory Maxwell: “Vitalik Buterin Ran A Quantum Computer Scam”
Complex ideas and concepts are difficult to explain, let alone making anyone see the need to address them. Yet for some reason, Buterin felt he had the tools at his disposal to convince people to give him money for this project. Being a public figure in the cryptocurrency world comes with prestige and personal attacks. Vitalik Buterin, the visionary of Ethereum development and coding genius, has been active in the world of technology for quite some time now. Before he even created Ethereum, however, he was working on building a computer program to solve NP-complete problems. Or as some....
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The Bitcoin block size debate is still far from over, as a new capacity increases page with initial signatures has been posted on GitHub very recently. Quite a few prominent names in the Bitcoin industry have all signed the roadmap, including Charlie Lee, Cory Fields, Gregory Maxwell, and, surprisingly enough, Theymos. Whether or not a consensus can be reached regarding this proposal, remains to be seen, though. The proposal in question was penned down by Gregory Maxwell after the recent Scaling Bitcoin Workshop in Hong Kong, which took place in early December 2014. With so many new,....
Some computer scientists say quantum computers are moving closer to reality and will cripple bitcoin’s encryption systems and doom bitcoin. Governments are investing aggressively in quantum computers, which are ultra powerful. Quantum computers, first theorized by physicist Richard Feynman in 1982, have promised a new era of computing. The theory has only recently translated into significant real-world advances, with NASA, the CIA and Google working on a quantum computer. Computer scientists now warn the machines will cripple existing encryption methods and destroy bitcoin’s technological....
The development of quantum computers may spell the doom of Bitcoin. Bitcoin is dead! It has been predicted 112 times already. There is even a website that keeps track of all these obituaries. The latest prophecy predicts the death of Bitcoin once quantum computers make an entry. This plausible prediction comes at the time when Bitcoin is going strong, rebounding from a recent dip in its price following the BitFinex hacking incident. The threat of quantum computers on Bitcoin was predicted by Andersen Cheng, the co-founder of a UK-based cyber security firm, Post Quantum. He was quoted by a....
With the increasing adoption of Bitcoin, cypherpunks have once again risen to prominence. As Gregory Maxwell and Peter Todd, self-proclaimed cypherpunks, and Adam Back, the inventor of Hashcash, pave a path for BitcoinCT r: 8, their vision highlights a cautious approach in an attempt to not repeat the mistakes of the 90s. Are they right or are they about to repeat the precise mistakes they wish to avoid? Gregory Maxwell, one of the five core Bitcoin developers until recently, revealed in a post two months ago that he and Todd had a long history with Bitcoin. Maxwell says: “In 2001 Peter....
Bitcoin holds a lot of promise as a decentralized currency, but there are many technical issues to be tackled as adoption increases. No one knows this better than core developer Gregory Maxwell, who has been contributing to bitcoin's software since the early days. A long time open-source and cryptography advocate, Maxwell was an early contributor to Wikipedia and worked for the Mozilla Foundation. He is now a co-founder of Blockstream, which has raised $21m with ambitious plans to push forward the development of bitcoin to better secure its future. Maxwell recently talked to CoinDesk at....