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Wednesday, October 10, 2018

Mixin Attack Resistance

Due to the PoS and distributed nature of both Kernel and Domain Nodes, and enforcement by Intel SGX, the keys are almost guaranteed to be safe from leaks.

Because of the highly distributed key duplication and secret sharing mechanism, the encrypted private keys are also guaranteed to be safe from loss.

Ideally, each asset should have many different distributed domains, these domains are governed by the Kernel and securely enforced by Intel SGX.

The associated keys can only be accessed from where they were generated in the Domain, further improving the degree of protection.

The Kernel will balance the assets in different Domains constantly to further prevent the asset loss in the event of an almost impossible private key leak or loss in different domains.

We will prove that Mixin is safe for digital assets against different possible attack vectors. To simplify the explanation, only Bitcoin will be used as a sample.

https://mixin.one

[Daily Discussion] Wednesday, October 10, 2018

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Bitfinex Slams Insolvency Allegations, Reveals Part of Bitcoin (BTC), Ether (ETH), and EOS Holdings

Cryptocurrency exchange Bitfinex addressed allegations and controversies propagated against its platform in recent times via a detailed Medium post on Oct. 7, 2018.

Bitfinex Fights Allegations

The Hong Kong-based company remains one of the world’s oldest running cryptocurrency exchanges and has maintained a strong reputation for security save a ghastly event in 2016 which saw 120,000 BTC, or $72 million at the time, leave the bourse.

For more information visit the link below:

r/https://cryptoslate.com/bitfinex-slams-insolvency-allegations-reveals-part-of-bitcoin-btc-ether-eth-and-eos-holdings/

Mining while fishing?

So I’ve noticed that my iPhoneX gets the hottest when “fishing” and “bathing”. No other event gets it that hot. Did I miss some fine print where the developers get to use my phone to mine bitcoins, join a botnet, or analyze SETI data?

[uncensored-r/BitcoinMarkets] [Daily Discussion] Wednesday, October 10, 2018

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Thread topics include, but are not limited to:

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Altcoins Discussion: Altcoin Discussion

IMF warn of global financial crisis, and bitcoin

https://i.redd.it/frr7unz9ubr11.gif

The International Monetary Fund is concerned about global debt, as well as the growth of crypto.

The IMF has warned that the world faces another financial meltdown, following banks’ and governments’ failure to put right the causes of the last one, which started with the fall of Lehman's in 2008. The Fund has also issued a stark warning about bitcoin and crypto assets, stating that they could create new vulnerabilities in the financial system.

Debts are now far higher than they were before 2008, largely due to the measures policymakers used to address the last crisis. A shock in the financial system would lead to another crash, with potentially worse consequences, since all the tools used to fight the last one have been exhausted.

Christine Lagarde, head of the IMF, also said this of bitcoin and crypto: ‘Cybersecurity breaches and cyberattacks on critical financial infrastructure represent an additional source of risk because they could undermine cross-border payment systems and disrupt the flow of goods and services… continued rapid growth of crypto assets could create new vulnerabilities in the international financial system.’ However, she was also cautious about regulating the new forms of cash, due to the risk of stifling innovation.

The IMF is being forced to walk a difficult line, pronouncing judgment on a new form of money that goes against everything it knows and can control. It does not want to be seen as anti-tech and anti-innovation, and recognises the growing popularity of cash payments (the demand for euro notes is growing, for example).

But bottom line, if the wheels come off the global financial system again – and this time, worse than before – you’re going to want to be holding some crypto and especially bitcoin. Not simply because its value is likely to rise in a crisis. It’s because it stands outside the payments system and you’ll still have money that you can use in the event the banks are closed.

In other words, whatever else you do with your crypto, it could be wise to put a little BTC away to actually use to buy things one day.

https://i.redd.it/qh3og1u8ubr11.jpg

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