The attack cost is calculated for a 1hr duration, but for many of these coins you don't even need 1hr. For example, w/ Bitcoin having a block time of ~10 minutes you could wager that you'd only need ~40 minutes to get 3 confirmations and double spend against an exchange.
Similarly, Ethereum confirmations are ~15 seconds. This means you could get 3 confirmations in a minute, and do an awful lot of double spending with only 5 minutes of controlling the network. That would only cost you $33,000. Heck, theoretically you should be able to double spend within 3 blocks which would mean 45 seconds of controlling the network, which would only cost you $4950 ((45/60)/60*396000)).
I don't know if I really believe these prices. I feel like there must be hidden costs that you are not accounting for. The crypto space has always held a close link to blackhats looking to make a quick buck, and the fact that these methods have never been utilized before can't just be because they're too complex or too costly to setup.
I’m pretty sure if Arizona’s lawmakers understood the underlying nature of machine learning and autonomous driving, they wouldn’t allow self driving cars to operate.
I don’t care how good your models and data are, until you’re able to write an algorithm that can fully handle and learn from a situation it was completely unprepared for, it will always encounter edge cases like this.
This is what happens when we have a society of people saying AI is already here, people like Elon Musk saying AI is a “significant threat” despite "AI" being essentially a black box statistical model in it's current form. From what I’ve seen, the general public thinks we’re 20+ years of AI than we really are.
You need general AI before AI can drive a car, full stop. Otherwise, you need to isolate roads from other human drivers pedestrians, and cyclists. It just won’t be reasonably safe until then.
Once again, pure retardation. The blockchain is completely useless if not backed by miners and value creation, otherwise it’s just a regular distributed server.
I’m glad you’re exposing yourself in this way to me, gives me that much more confidence in you being wrong entirely and me being right. Which I already knew, but I appreciate the extra confirmation.
EDIT: HAHAHAHAHAHA just saw your other comment saying Ripple literally has more intrinsic value than Bitcoin. My GOD. MY GOD. PLEASE KILL YOURSELF IMMEDIATELY. You are absolutely done, brain is roasted my friend. Your view of the world is about as accurate as that of my 3 week pup.
Lol at that subtle jab. With your IQ/RQ I would really be surprised if you have a net worth of over $3.50.
You can get a transaction confirmed within 10 minutes if you’re willing to pay $30 in fees. This could change in the future, even if it doesn’t, it’s still remarkable that it’s a possibility. You can also wait 2 days and then pay a $5 fee.
Okay Bitcoin fails. Monero succeeds. Now what dude? Also, I don’t have to convert to cash. Paying a $30 fee for a 10 minute confirmation for a car or house transaction would be perfectly acceptable even in its present form. Still, don’t know why I’m wasting my time trying to communicate with you as you are very obviously some delusional liberal cuck low sentience bubbled nerd like 80% of this site.
Just lol at you claiming banks offer privacy. My personal banker asks me to type my password in on his computer. That’s standard practice at nearly ever american bank. Nothing to stop them from keylogging. And they can freely scroll through all your transactions as you sit there with them.
I can’t believe it’s possible to be this delusional and this afraid or resilient to change. I truly wish I never have to hire or do business with anyone like you.
So in the dystopian future of Chinese bank account/citizen social points and even present-day American Fed/Bank collusion, you are continuously supportive of centralization? And now you claim the experiment has been "worth playing out" while Bitcoin has experienced the most adoption it's ever had within the last few months? What?????? Please tell me you are joking.
Also, what incentive do governments have to keep people paying their taxes and using their own fiat that corporations seem to be able to control and play with hundreds of billions on their own accord and on separate rules. What about privacy, with the government having easy access to every financial institution I encounter and every transaction I make, why should I agree to that?
Opinions are irrelevant. People will store the value they generate by working in any medium that offers them the most security and long-term increase of value over time. If a cryptocurrency is more secure, convenient, and less deflationary than someone's local fiat counterpart, why would they not store most of their value in it? If we go through 20 years of seeing Bitcoin outperform the inflation of a dollar, no hijackings of the blockchain, no breaking of SHA or ECDSA, why would I not store a majority of my value in it?
The odds we encounter aliens are remarkably low, but what are the odds we encounter aliens with a similar evolution pattern, that is, reproductive-driven intelligence and similar somatic senses?
We could stumble upon some weird aseuxal amoeba type beings who don't even have a personal ego or concept of private property, they just float around on organic ships and communicate through flows of slimy alien-goo. Whew, what a bummer would that be.
So you can not start running any code session on the SGX at ALL without this Remote Attestation call to Intel? That seems silly, considering the SGX has two 128 bit keys on board (one known to Intel, and one known only to the SGX).
Ah I see. I'm seeing that you have 2 128-bit private keys on the enclave, one known to Intel and what that is not.
Can you not use the one not known to intel to do your own code signing against another client with ECDH? Why does it seem like they are pushing this "Intel Attestation" service? Wouldn't that cause Intel servers to be a single POF incase they aren't around to give a proper reply for the attestation request? (Imagine 100,000 nodes on the network all running smart contracts, or perhaps 10 years down the line they discontinue the service.)
Anyone have any links to read more about SGX? What's stopping someone from intercepting everything going down their and just doing the operations on their own while watching?
I can’t believe people really care that much about seeing ads for pet food after Googling for the vet that they would let something like this run constantly in the background. Absolutely unfathomable to me.
Absolutely, this new generation of kids don't want to pay for anything on the App Store. Maybe the generation of ~5 or so years ago that had a stockpile of iTunes Gift Cards from Christmas did so, but the attitude towards paid applications seems very different now, at least from what I've seen with my younger cousins.
3. When buying things from Amazon, if I don't meet the $25/$35 limit or whatever, I will sometimes, stupidly, search for something else I need from the store and will pay up to $5 more for it through Amazon. Things like folder separators, a pack of staples, etc.. You can get these things for $1 or $2 at Walmart, but on Amazon, maybe $4, $5.
Similarly, Ethereum confirmations are ~15 seconds. This means you could get 3 confirmations in a minute, and do an awful lot of double spending with only 5 minutes of controlling the network. That would only cost you $33,000. Heck, theoretically you should be able to double spend within 3 blocks which would mean 45 seconds of controlling the network, which would only cost you $4950 ((45/60)/60*396000)).
I don't know if I really believe these prices. I feel like there must be hidden costs that you are not accounting for. The crypto space has always held a close link to blackhats looking to make a quick buck, and the fact that these methods have never been utilized before can't just be because they're too complex or too costly to setup.