Miner one Bitcoin News

Adi Schamir claims "new calculations show that 33 percent [of mining power] are sufficient, probably only 25 percent, to disrupt the BTC network" (Austrian newspaper)

Translated by Google: Edit: original Link https://derstandard.at/2000063670260/Drei-grosse-Bitcoin-Miner-koennten-System-zerstoeren
Cryptographer Schamir: Only a Few Large Drives Digital Currency The Digital Currency Bitcoin is pushing the way for virtually everyone to download the software and create new bitcoins themselves. In practice, however, the effort is now so great that only a few large organizations can afford to calculate new bitcoins. If two or three would deny themselves, they could also destroy the system, says the cryptographer Adi Shamir. "Cryptography is very good" Schamir is a public star of the cryptographic scene, which 30 years ago developed some of the foundations for today's digital currencies. He gave a lecture on Tuesday at the University of Vienna as part of the anniversary of the Association for Social Policy. "The cryptography is very good", Schamir attests to the anonymous inventor of Bitcoins good work. In this respect, there is no reason to worry about safety. Bitcoins are, however, in the criticism, because the associated anonymity leads to, to pay criminal transactions with it. Also, Shamir says, payments with bitcoins, mainly larger amounts, accounted primarily for illegal activities. But currently only a very small part of bitcoins is used for payments. The majority were harbored as a speculative object. If you use bitcoins, you also need to be aware that there is no one in this system that can make you complain if you feel deceived. Errors, such as when you mistyped in a payment, can not be reversed. It may also take up to one hour for a transaction to be finalized. For small everyday business such as the newspaper purchase in the Trafik hardly practicable, means Schamir. Basic problems For the specialist Schamir this abuse is not the decisive question. He points to much more fundamental problems in the design of the bitcoins, which can be used by influential groups for systematic fraud or destruction of the system. It has long been known that if 51 per cent of the bitcoin brokers declare themselves, they can manipulate or destroy the system. New calculations show that 33 percent of these are sufficient, probably only 25 percent. This is so threatening, because bitcoins are already not scared by countless individual fighters. Meanwhile, the effort to produce new bitcoins is so great that only a few large organizations are involved - mostly near particularly low-cost power sources in China. The electricity consumption for Bitcoin production is as large as that of a German city, has recently been estimated. "Two or three Chinese miners could destroy Bitcoin," said Shamir. But since the prospectors are not interested, the danger is not so great. It would be quite conceivable, however, that once a government builds up a third of the exploration capacity - and then very well develops an interest in the destruction of bitcoins. This is serious. At the same time Schamir remembers that there are already around 1,000 different cryptos. Only a few pay with Bitcoin Already now invest in Bitcoins, who believes in the digital currency later to sell more expensive to others. Thus, only about 20 percent of the users make payments. Strictly speaking, it could be called a pyramid game, according to Schamir. He continues to expect very strong erosion in value. Even so far, the value of a Bitcoin could fall or rise by a few hundred euros in one day. Between the beginning of the year and the beginning of September 2017 there was a fivefold increase in the value to 5,000 euros per piece. Probably a regulation by governments - that would break the course massively. The comparison with the first bitcoin payment in the real world is shown in the comparison of the first bitcoin payment in the real world. At that time a pizza was ordered and delivered - against the payment of 5,000 bitcoins. According to current course, the pizza would be worth 25 million dollars. Shamir does not start from a crash of Bitcoin, but from a slow "fading". It is important, however, that the technological foundations of bitcoins remain, the encryption and in particular the blockchain. It is a kind of database in which all transactions are booked with a time stamp. The technology is now being tested by banks and insurance companies, and this is also being experimented with in other sectors of the economy. (APA, 6.9.2017)
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Real Talk with Adi - Nutrition Adi Shamir 2002 ACM A.M. Turing Award Lecture, Adi Shamir - YouTube JP Baric on How Bitcoin Mining is Dead at The ADI Crypto Mining Summit, May 2019 Adi Shamir:

Dorit Ron and Adi Shamir. The Bitcoin scheme is a rare example of a large scale global payment system in which all the transactions are publicly accessible (but in an anonymous way). We downloaded the full history of this scheme, and analyzed many statistical properties of its associated transaction graph. In this paper we answer for the first time a variety of interesting questions about the ... Zu Beginn waren die Identitäten der Teammitglieder unbekannt. Nachdem die meisten Miner dieser neuen Währung allerdings mit Skepsis begegneten, entschlossen sich die Mitglieder einige Namen und Abteilungen bekannt zu geben. Für das kryptografische Protokoll sind Yael Taumann, Adi Shamir und Ron Rivest verantwortlich. Suzuki E. und Fujisaki E ... 16 Dorit Ron, Adi Shamir Finally , we would lik e to thank all the members of the Bitcoin community , and in particular Meni Rosenfeld, Stefan Richter and P eter Todd, who sent us ex- Mehrere Argumente gegen eine Zukunft von Bitcoin wurden ins Feld geführt, unter anderem von Adi Shamir, der angeblich zu den Co-Entwicklern der kryptographischen Grundlagen gehört, auf denen die Bitcoin-Technologie aufgebaut wurde. Er sagt, dass es nicht genug Bitcoins gebe, weil die Zahl auf 21 Millionen begrenzt sei. Soweit ich weiß, ist ein Bitcoin nahezu unendlich in kleinere Einheiten ... use the following search parameters to narrow your results: subreddit:subreddit find submissions in "subreddit" author:username find submissions by "username" site:example.com find submissions from "example.com"

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Real Talk with Adi - Nutrition

2017 Japan Prize Commemorative Lecture: Dr. Adi Shamir - Duration: 32:14. JapanPrize 1,284 views. 32:14. The Unusual Earth Orbit Circling Above Our Ancient Past Roger G. Gilbertson ... This video is unavailable. Watch Queue Queue. Watch Queue Queue ️ Author: Adi Shamir Delivered by ACM A.M. Turing Laureate Adi Shamir (2002) Citation: Together with Leonard M. Adleman and Ronald Rivest, for their ingenious contribution to making public-key ... The BBVA Foundation Frontiers of Knowledge Award in the Information and Communication Technologies category goes, in this tenth edition, to Shafi Goldwasser, Silvio Micali, Ronald Rivest and Adi ...

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