BitMint: Non-Speculative Digital Currency (The Future of Money)

16 posts in this topic

Here is a quick response (a longer later, after I meet my project deadline). The inconvenient truth of modern cryptography is that all those complexity building ciphers are only effective against dumber adversaries, or to be exact, against an adversary who is limited by the mathematical insight of the cipher designer. As Snowden testified, the NSA, and all other big crypto shops launch a  vigorous "math attack" on them. The alternative to mathematical-intractability is to use large secret quantities of randomness, which have a guaranteed measure of security that endures. And that is what we in BitMint base our digital money on.  For asymmetric crypto, this will apply a bit later when quantum key distribution comes forth. here is a soft discussion, and here is a white paper. 

rippledigital and Xi195 like this

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