Timestamp Hacking: Debunking the Myth of Precision Timestamps
Any carnival conjuror can attest that once an audience learns the science behind the way in which a trick is performed, the luster quickly fades. The eminent futurist Sir Arthur Charles Clarke is credited with the observation that “any sufficiently advanced technology is indistinguishable from magic”. Of late there is a profusion of hype in circulation about a seemingly magical data structure called a “Blockchain”. Illusionists like Harry Houdini and his ilk can be a great source of entertainment, but when the trick involves a disappearing act on customer confidence, something is amiss.....
Related News
Peter Todd discusses Open Timestamps, a project that leverages Bitcoin's security to timestamp any type of data. The post Video: Open Timestamps: Leveraging Bitcoin’s Security For All Data appeared first on Bitcoin Magazine.
The response comes after researchers in Israel alleged the mining pool has been manipulating Ethereum block timestamps to obtain higher mining rewards. F2Pool co-founder Chun Wang has responded to allegations that his mining pool has been manipulating Ethereum block timestamps to “obtain consistently higher mining rewards."The allegations came from an Aug. 5 paper from researchers at The Hebrew University, claiming the mining pool has been engaging in a "consensus-level" attack on Ethereum over the last two years to gain an edge over "honest" miners. However, Wang on Twitter responded by....
A misguided article has been spreading misinformation about Bitcoin and tether recently. Here’s what it got wrong. The post Debunking Misconceptions From “The Bit Short: Inside Crypto’s Doomsday Machine” appeared first on Bitcoin Magazine.
On this episode of the Bitcoin Magazine Podcast, macroeconomist Lyn Alden discusses her work "7 Misconceptions About Bitcoin." The post Video: Debunking Seven Misconceptions About Bitcoin With Lyn Alden appeared first on Bitcoin Magazine.
Myth: No one knows who started Bitcoin. Truth: "Satoshi Nakamoto" is a fictional name for a single person, or, potentially, a group of people who wish to remain out of the public eye. Since they've managed to do this so far, it's likely that they have a long history of secrecy keeping. This suggests strong bonds, such as one finds in a governmental context (i.e. ex-NSA employees, like Snowden), or organized crime. In any case, it's likely that a few people, potentially including governmental security agencies, know who "he" is. Some of these people are undoubtedly becoming extremely rich....