Itās sort of like understanding how the electron works, but digitally. The new lens and understanding cracks open a revisit of all previous tech.
Similar to electricity updating old tech to become electrical/digital.
If that makes sense! š
I just donāt understand why there are not throngs of teams trying to get to this first before the bad guys do.
(The bad guys are already there, itās most likely that encryption is not really secure and allows people the illusion of privacy)
Well one, if they crack it and start draining utxos left and right, wouldn't that just nullify the entire experiment? Bitcoin would plummet, the miners would leave the market, the whole house would come down nullifying the benefit of employing that solution. So the motivation only rests in the hands of malicious actors-state and bankers.
So you're saying a single solution could drain every utxo mathematically, no matter how many signatures the wallet has?
Wouldn't that entail cracking the entire time chain? We're talking orders of magnitude more difficult right? Like hundreds of thousands, or millions of digits since every transaction adds complexity.
If so, wouldn't that mean the number changes every 10 minutes? Someone would have to come up with the exact theorem (I think that's what we're saying, otherwise just the right prime number) at exactly the right block to use it. And then sweep everything they could before the next block.
Yes, it then becomes less of ācan it be brokenā and more like āhow do we make sure people believe it still is secureā
This scene exactly. š
The hard part is breaking it, the impossible part is keeping it a secret.
Enigma was the olden day version of RSA.
You wouldnāt know UTXOās were drained, because you couldnāt tell anyone. They would attribute it to your setup, and then youād have to disclose that, and over a longer arc, it looks like blame and lack of personal accountability, but it would make people look like modern day lunatics saying thereās a ghost in their machine and that they couldnāt possibly made a mistake etcā¦
Hard to detect. Near impossible to detect at scale.
But my key point, that I did not articulate well (and then i will fuck off and let you have your time back) is where would something like that hit? Like which wall would they be tunneling under? Like would it be seeds so the entire wallet, the hash of an individual utxo at a time, or the actual timechain? To my knowledge (lacking obviously) the elliptic curve is just how keys are derived. Or does that arc include data directly onchain?
Wallets are one thing SHA 256 as a whole is a galaxy of another story. Because we'd have to find a new one if what your saying even could be done.
It would be exposed public keys, to start. So any transactions that have revealed a public key holding a balance.
Thatās first cab off the rank, then itāll be server side compromises through SSL certificates that use CAās (a trusted network of certificate authorities, aka, the dudes that give the green pad lock when you visit a website).
When you see the green padlock, on a website, that is your machine (not you) saying to the bouncer ācan I come in?ā He says let me see your semiprime and verify it. If itās verified (key signature verification) you get let in.
The problem with this is revealing a signature reveals the semiprime, so unless key rotation is happening in real time, computationally inelegant for our expeditious dopamine now, it wouldnāt work out.
Basically, Epstein files, aliens, warheads, all open to the guy who has an answer.
Hashing algoās are not really that hard either, everything is too mechanical (by design) not fuzzy. This is a blessing but a silver bullet one shot head shot if the algo breaks.
This show from last year (likely a foreshadowing) is a great tl;dr
As an extra note, the thing that has literally almost sent me into a doom loop spiral.
Iāve spoken to the top professors about this on earth (like our Michael Jordanās of maths)ā¦
They give me this absolute loser juice āI focus on prime numbers, not other stuffā.
Thatās like a chemist saying āI just make ammunition, Iām not responsibleā.
We are sooooo cooked if people donāt start paying attention IMO.
Maybe Iām overthinking it, but I feel in my bones Iām not!
Hope you are ready for a great new year!!!! (Actually! Lighten the subject!!!)
You too fren. I'll be digging.
