Max Keiser Discusses Bitcoin’s, Stealthy, Darkwallet With Co-Founder Cody Wilson

“Darkwallet is a fanfare for the common man” – Cody Wilson

***

“The universe believes in encryption. It is easier to encrypt information than it is to decrypt it. We saw we could use this strange property to create the laws of a new world. To abstract away our new platonic realm from its base underpinnings of satellites, undersea cables and their controllers. To fortify our space behind a cryptographic veil. To create new lands barred to those who control physical reality, because to follow us into them would require infinite resources. And in this manner to declare independence.”

Julian Assange, A Cryptographic Call to Arms

What Cody, rightfully, agonizes overs is the fact that a few of the Bitcoin wallet startups seem to be exhibiting symptoms of the Stockholm Syndrome; a condition where the hostage, becoming sympathetic, becomes complicit.

As I continue to study the in and outs of Bitcoin, what surfaces in the gut is only more contempt for the: too big to jail banksters, along with its NSA, hidden hand, cattle-prod; the go to guys to get things done behind the scenes.

I’ve been seeking out how to properly and securely tie together a Bitcoin wallet with a donation button. Weather or not its a complete success right now doesn’t really matter. I may not get the traffic to justify the work in setting it up, but it certainly will put a BIG smile on my face, knowing that I’ll be contributing in promoting an instrument that may very well liberate us all from the dungeons of financial debauchery. In which case, perhaps everyone else with a blog should consider flying the Bitcoin banner.  As someone else on another blog put it, “Why not allow blogging efforts to be funded by readers tipping Bitcoins rather than the commercial interests of advertisers?”

The following article is reminiscent of the old cliché: The rapist always blames its victim. In this case – Bitcoin – the victim, flailing madly to escape the clutches of an overbearing and corrupt financial institution, spraying algorithmic flack into the eyes of its NSA watch-hounds, rolls over and cowers. The rapist, in this case has the upper hand, since it has the façade of the law on its side; with no checks or balances: anything and everything goes.

The Daily Dot:

Earlier this month, we learned that the National Security Agency (NSA) has led an aggressive effort to “break widely used Internet encryption technologies.” There is speculation that many protocols or crypto implementations have been compromised, deliberately weakened or have had backdoors inserted. In doing so, they have made the Internet less safe for us all. The Office of the Director of National Intelligence claims it “would not be doing its job” if it didn’t try to counter the encryption used by terrorists and cyber-criminals. New knowledge about what the NSA is able to do with regard to subverting standards could have wide-reaching implications in many areas, including national security and finance.

Bitcoin employs an ingenious mix of two concepts: hashing and signatures. Hash functions typically generate a fixed-length output that maps uniquely to the original input, while signatures are often used to verify the authenticity of a digital message or document. The integrity of Bitcoin’s Blockchain and consensus over the ordering of transactions depend on a hash function called SHA-256, which was designed by the NSA and published by the National Institute for Standards and Technology (NIST). Cryptography researcher Matthew D. Green of Johns Hopkins University reveals, “If you assume that the NSA did something to SHA-256, which no outside researcher has detected, what you get is the ability, with credible and detectable action, they would be able to forge transactions. The really scary thing is somebody finds a way to find collisions in SHA-256 really fast without brute-forcing it or using lots of hardware and then they take control of the network.” ECDSA signatures are used to authenticate changes of coin ownership. A theoretical weakness in ECDSA could allow faster recovery of private keys and thus the ability to steal coins, but only people who reuse their wallet addresses would be vulnerable, Bitcoin developer Gregory Maxwell says. Maxwell insists that attacks exploiting such weaknesses would be detected almost immediately, and that they could deploy a replacement algorithm for ECDSA in roughly a month. “Problems with SHA-256 would be potentially more problematic as we cannot replace it in a backwards compatible way,” he said.

Enter in, American crypto-anarchist and market anarchist activist, Cody Wilson, pioneer and publisher of the ‘open source’ 3-D printed gun, causing great angst for the Feds, who rushed to pull the blueprints from the internet.

Cody, experiencing  anxieties of his own over some Bitcoin wallets, such as Coinbase, casting aside Bitcoin’s founding principles by getting into bed with those very same elements Bitcoin was meant to alleviate. Hence, Wilson’s solution to NSA/FBI infringement with possible intent to debase and destroy Bitcoin is: Darkwallet; A stealthy algorithm of the people which sails under the waves of corrupt financial institutions and the powers that support it.

Finally:

Bitcoin’s principles of privacy and freedom of financial speech as outlined by Satoshi Nakamoto

Related Posts:
Bitcoin a Democratic Money System for ‘The Little People’

Peace, Best Wishes and Hope

Peace, Best Wishes and Hope

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One Response to Max Keiser Discusses Bitcoin’s, Stealthy, Darkwallet With Co-Founder Cody Wilson

  1. Jack says:

    Chinese girls are also good at math: See .The chinese also train snedutts on large number calculations where they are timed. Couldn’t find a video on this but it’s quite amazing to watch.Girls definitely seem to be less excited by math/computers than boys. Usually, they tend to get more interested in english and art. Decades of aptitude testing at the Johnson O’Connor research centre supports the idea of boys tending to have greater spacial and math ability. There are women who will score high and men who will score very low on these tests but a greater percentage of men score high. One can develop knowledge and competence in even areas of low or mediocre ability but we learn most quickly in areas of high ability. Research on brain plasticity, however, could completely alter our understanding of aptitudes, learning and the brain. The future looks fun.

    Like

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