Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Any Thoughts On Bitcoin ?
>
Reply to Thread
Message:
<p>[QUOTE="InfleXion, post: 2662266, member: 29012"]Please stop using the word trojan. Trojans aren't even part of the conversation. Trojans, viruses, worms, and exploits are all completely different things. The fact you keep saying the word trojan tells me your qualifications are questionable. I've been in IT since 1999 myself. A trojan is something you have to execute on a computer to initiate an exploit, but exploits do not require the use of a trojan if there is some other means of attack such as a SQL injection or JavaScript or Flash vulnerability. Worms use the latter method of exploit, not a trojan, to compromise every single computer online in the world using a particular OS or software patch version that is vulernable to the exploit.</p><p><br /></p><p>Your data however, is more interesting, and I appreciate you adding that level of detail, but your post is not nearly specific enough to make any quantifiable determation for the following reasons.</p><p><br /></p><p>For starters, you can't presume to know the processing power of a computer or server that a worm controls. It could very well be one of your ASIC miners for all we know, depending on security. That is not something that can be determined. So in a hypothetical scenario we can divide all your numbers by 233,334 since it's not impossible that every computer controlled by a worm is every bit as powerful as an ASIC miner. It's nearly impossible, but not impossible.</p><p><br /></p><p>In that scenario, a worm would only have to control 164,285,244 devices. Considering that Java runs billions of devices, this is again not impossible.</p><p><br /></p><p>The last consideration has to do with photonic microprocessors which use electrons for the circuitry instead of electricity, and process 35 DVDs worth of data per CPU heartbeat, not to mention have a base 4 system instead of a base 2 binary system because you can spin electrons in 4 different directions. Not only is the BUS faster by an order of (speed of light over fiber cable) divided by (speed of electricity over copper wire), but having a base 4 system instead of a base 2 system is exponentially faster from that standpoint as well. A base 2 system only has 2 potential values, zero or one. A base 4 system can be zero, one, two, or three. So with 8 digits in base 2 for example you can only represent 8^2 (64-bit) numbers, but in a base 4 system those same 8 digits represent 8^4 (4,096-bit). So you can transmit 2 orders of magnitude more data on the same BUS size, and that makes the actual ratio [(speed of light)/(speed of electricity)] squared. Granted these are very expensive and probably not connected to the internet, but that's OK.</p><p><br /></p><p>Because all I have to do is show that a 51% attack is not impossible, and it most certainly is not impossible. Supremely improbable, sure. If existing photonic microprocessors were put to that use, they could feasibly overwhelm all BitCoin miners' processing power in the public domain even without an internet worm.</p><p><br /></p><p>Ignoring the 51% attack scenario for a moment, BitCoin only has value because people choose to pay for it, the same reason as anything has value like gold and silver. The difference is that you can't create gold and silver with a computer, and you can't substitute gold or silver with anything except for gold or silver since they have immutable and unique intrinsic properties. There are many BitCoin clones that could take its market share if the userbase/miners deems them superior and jumps ship to the next cryptocurrency, and BitCoin could be out in the cold as it gets its market share supplanted by superior protocols. The only thing unique about BitCoin is that it was the first of its kind.</p><p><br /></p><p>My point should be clear. It's a speculative market and it has inherent risks, regardless of how improbable they may be. I trust it to do what it was designed to to, but I certainly don't trust it to be infallable or to have any guaranteed value like gold and silver do.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 2662266, member: 29012"]Please stop using the word trojan. Trojans aren't even part of the conversation. Trojans, viruses, worms, and exploits are all completely different things. The fact you keep saying the word trojan tells me your qualifications are questionable. I've been in IT since 1999 myself. A trojan is something you have to execute on a computer to initiate an exploit, but exploits do not require the use of a trojan if there is some other means of attack such as a SQL injection or JavaScript or Flash vulnerability. Worms use the latter method of exploit, not a trojan, to compromise every single computer online in the world using a particular OS or software patch version that is vulernable to the exploit. Your data however, is more interesting, and I appreciate you adding that level of detail, but your post is not nearly specific enough to make any quantifiable determation for the following reasons. For starters, you can't presume to know the processing power of a computer or server that a worm controls. It could very well be one of your ASIC miners for all we know, depending on security. That is not something that can be determined. So in a hypothetical scenario we can divide all your numbers by 233,334 since it's not impossible that every computer controlled by a worm is every bit as powerful as an ASIC miner. It's nearly impossible, but not impossible. In that scenario, a worm would only have to control 164,285,244 devices. Considering that Java runs billions of devices, this is again not impossible. The last consideration has to do with photonic microprocessors which use electrons for the circuitry instead of electricity, and process 35 DVDs worth of data per CPU heartbeat, not to mention have a base 4 system instead of a base 2 binary system because you can spin electrons in 4 different directions. Not only is the BUS faster by an order of (speed of light over fiber cable) divided by (speed of electricity over copper wire), but having a base 4 system instead of a base 2 system is exponentially faster from that standpoint as well. A base 2 system only has 2 potential values, zero or one. A base 4 system can be zero, one, two, or three. So with 8 digits in base 2 for example you can only represent 8^2 (64-bit) numbers, but in a base 4 system those same 8 digits represent 8^4 (4,096-bit). So you can transmit 2 orders of magnitude more data on the same BUS size, and that makes the actual ratio [(speed of light)/(speed of electricity)] squared. Granted these are very expensive and probably not connected to the internet, but that's OK. Because all I have to do is show that a 51% attack is not impossible, and it most certainly is not impossible. Supremely improbable, sure. If existing photonic microprocessors were put to that use, they could feasibly overwhelm all BitCoin miners' processing power in the public domain even without an internet worm. Ignoring the 51% attack scenario for a moment, BitCoin only has value because people choose to pay for it, the same reason as anything has value like gold and silver. The difference is that you can't create gold and silver with a computer, and you can't substitute gold or silver with anything except for gold or silver since they have immutable and unique intrinsic properties. There are many BitCoin clones that could take its market share if the userbase/miners deems them superior and jumps ship to the next cryptocurrency, and BitCoin could be out in the cold as it gets its market share supplanted by superior protocols. The only thing unique about BitCoin is that it was the first of its kind. My point should be clear. It's a speculative market and it has inherent risks, regardless of how improbable they may be. I trust it to do what it was designed to to, but I certainly don't trust it to be infallable or to have any guaranteed value like gold and silver do.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Any Thoughts On Bitcoin ?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...