Hacker Wants to Save Bitcoin By Putting a CubeSat in Space
Dec 21, 2013 21:56
Jeff Garzik wants to save Bitcoin by blasting it into space. He recently proposed a plan to send a Bitcoin computer into space with an inexpensive CubeSat. The reason: so there would always be a node in the network that hackers can't crack.
The CubeSat would be able to communicate with Bitcoin computers on Earth by radio. The idea, isn't actually a bad one either.
Wired's Robert McMillan points out that Bitcoin computers are vulnerable to so called Sibyl attacks.
"It could give criminals a way of spending their bitcoins more than once," he explained in a recent blog post, "and it's also part of the so-called selfish miner scenario that Cornell University researchers described last month, saying it could bring down the entire system."
Garzik has raised 37 Bitcoins—about $37,000 at current exchange rates and he wants to organize a trip there. Of course, going to space is going to cost more than that. Will his plan ever come to fruition?[Bitcoin Forum via Wired Image via Flickr / antanacoins]
As we increasingly rely on high-speed internet for work, entertainment, and staying connected, a reliable home Wi-Fi setup is more important than ever. From video calls and 4K streaming to smart home devices that run 24/7, our dependence on smooth internet has never been higher. That’s where AirFiber plans come in, a game-changing solution that delivers fiber-like speeds without the hassle of physical cabling. Read more
The Rise of Cloud ComputingCloud computing has transformed the way businesses operate, offering scalable resources, flexible infrastructure, and a wealth of tools designed to improve efficiency. From small enterprises to multinational corporations, organizations are embracing the cloud to streamline operations and enhance customer experiences. Read more
Alright, so you wanna launch a Magento online shop and not just flail around in the ecommerce void? Sweet, let’s get into it—with all the gritty bits, not just the “step one, do this” boilerplate. Read more