Have you ever done that ? I'm pretty sure even nowdays you can't go to your bank and ask 100k
And if you need to spend 100k you can do that on chain even if you pay a 100$ fee
You have to notify your bank ahead of time because they may not have that much cash on hand.
There will be more info coming about the APP, and you are right about the open source code from Wire, while Chat.Chat itself does not create any protocol.
Wire has known security flaws and it's centralized. What are we gaining by using this?
It's not theft if you allow the owners to come forward and claim them. In fact, the miners are the best people to run such a system. They have the integrity of the currency in mind.
I'll pass on SV. Reclaiming funds by mining is theft and fraud. The end.
Wait, do you acknowledge that the cryptography in the protocol will eventually have to be updated?
I never suggested otherwise. This is the part where you now try to continue justifying theft of funds "because someone will eventually steal it anyway." 🙄
It doesn't matter what 'should' be done. There is money up for grabs, it's nuts to think people will just leave it there. Given that people WILL try to claim it, how should that go?
Here is a tx ID for 50 BCH unprotected by Hash160. Good luck: b0e585927e1737d07bd8157a2ba9f7615ef8ecd2af6d03523e51b4d23e134b6a
No kidding. I'm not talking about current tech. How long will the 160 bits hold? not forever, and we'll have to upgrade. If someone doesn't upgrade what do you do?
The 160 bit hash is just an extra layer to protect against a potential flaw in secp256k1. When you transact, you reveal the public key anyway (that's why we have change addresses).
Even if they're dead? Keys can be mined with computing power, miners run data-centers, it makes sense that miners will claim old keys since anyone can do it.
And I trust mathematics/physics. You are and will be unable to brute the private keys with current tech.
Even if they're dead? Keys can be mined with computing power, miners run data-centers, it makes sense that miners will claim old keys since anyone can do it.
Yes, even if the private key is lost. It should be untouched. This is like asking Apple to put a backdoor into iOS “just for the good guys.”
Another way to word that is "storing data on my computer", because each post literally writes data on my hard drive. Reply and leave a message on my iMac hard drive!
The private keys CAN be brute forced, in the future it will be economical to do so in some cases. Who would you rather give an insecure private key to, a miner or a crook?
Neither. If there is a compelling reason, everyone will move funds to newer secure addresses. https://allkeys.cash