T8493

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T8493 last won the day on December 4 2016

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  1. Computing power is not free. Have you checked the prices of compute nodes on Amazon AWS recently? And if you're doing the same calculations over and over again (so that you can be sure that one node didn't calculate your value incorrectly) it is even more expensive.
  2. Most of the cryptosystems are "breachable". The main question is only when this will happen. The only exception that I know of is one-time pad and similar cryptosystems that have the property of "perfect secrecy". Cryptographic schemes often consist of cryptographic primitives (hash functions, etc.) that can be easily replaced if there's a realistic chance that these cryptographic primitives can be broken. However, if there's a big mathematical breakthrough in e.g. discrete logarithm problem, then the whole classes of cryptosystems will need to be replaced. I can't comment on the rest of your post.
  3. Be careful with the phrase "provably secure". It has a very specific meaning in cryptography. ECDSA (signature scheme used by Ripple, for example) is not "provably secure" unless you make some very strong assumptions.
  4. That doesn't mean you're in UNL of other nodes.
  5. Does Circle.com issue their own BTC IOU?
  6. One-time pad (Vernam cipher) has a property called "perfect secrecy". The ciphertext (encrypted message) gives you absolutely no information about plaintext (unencrypted message). The given ciphertext could be generated from any possible plaintext with the same probability. Other cryptosystems don't have this property. But this Vernam cipher is just for encryption. You need public key cryptography for generating and verifying digital signatures.
  7. But what kind of entity is this btc2ripple.com? Is this a company?
  8. What is btc2ripple.com? A company? Or just one murky person who registered this domain?
  9. Well, SnapSwap issued these IOUs and I think SnapSwap should give his BTC back. Didn't snapswap have a company in the US?
  10. I still don't understand which legal entity was responsible for fulfilling the obligation ("real" BTC). Everything looks really murky to me.
  11. Even if he technically runs btc2ripple.com that doesn't mean he is an entity that should fulfill the obligation.
  12. So go after SnapSwap.eu because it looks like you have an agreement with them.
  13. Who holds bitcoins in a pooled bitcoin address? SnapSwap or Val Kozlevsky?
  14. All this is irrelevant IMHO. Who promised you to give you back your BTC? SnapSwap EU, SnapSwap US or Val Kozlovsky? With whom do you have an agreement?
  15. ATS is just a CRM specialized for applicant tracking.