flarex
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1 year ago
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on: Twelve sentenced for violent home invasion robberies to steal cryptocurrency
The decoy method doesn't even work because a smart criminal could just check your exchange withdrawals for amounts. You'd have to hope that they were ignorant enough.
flarex
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1 year ago
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on: Twelve sentenced for violent home invasion robberies to steal cryptocurrency
It's becoming increasingly difficult. Data leaks, address and name leaks and chain analysis have made it easier to track who owns what. If crime agencies are able to track wallets down then criminals are too.
flarex
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1 year ago
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on: Apple memory holed its broken promise for an OCSP opt-out
Google is a privacy antagonist. Apple is privacy focused because it suits their business. Apple has been privacy focused for years and has built several technologies to prove it. It's not hollow marketing to build privacy software.
flarex
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1 year ago
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on: Apple memory holed its broken promise for an OCSP opt-out
There is no serious person that could think that Google is a privacy focused company. Their entire business is founded on knowing everything about their users. It's an ad company. They need user data to function and they will never release tech that compromises their business. Just look at the direction of ad blocking and chrome to see where they are headed.
flarex
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1 year ago
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on: Apple memory holed its broken promise for an OCSP opt-out
Okay but from an evolutionary sense which company should we be supporting. The one company that is somewhat moving towards privacy or the 10 others that don't give a shit. Which one should survive. Would you like to see companies that copy Apple's privacy approach or Facebook's dumb fucks approach.
flarex
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1 year ago
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on: Apple memory holed its broken promise for an OCSP opt-out
I'm not aware of any other company of Apple's size (or anywhere approaching) that have been as committed to privacy tech. Of course they are not perfect and sometimes get it wrong but they constantly release new technologies that are furthering our privacy. Who else does it better?
flarex
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1 year ago
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on: Apple memory holed its broken promise for an OCSP opt-out
Homomorphic encryption is broadly useful and in fact should be ubiquitous for remote computation that leaks private data (not to comment specifically on Apple's implementation). They did open source it though, which gives you an idea that they want others to follow.
flarex
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1 year ago
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on: Apple memory holed its broken promise for an OCSP opt-out
Not really they are moving into homomorphic encryption where the entire query and processing is encrypted and Apple has no knowledge of the what you actually requested.
flarex
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2 years ago
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on: Coinbase secures Bermuda licence
That's the Bahamas not Bermuda.
flarex
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3 years ago
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on: Ask HN: Where did all the ICOs go?
Augur and Numerai are unlikely to be successful long run given their current usage. Filecoin is up in the air, Brave seems to be doing okay.
flarex
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3 years ago
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on: Ask HN: Where did all the ICOs go?
It has inbuilt clients that connect to Tor, IPFS and an ad blocker that can generate a small amount of income just for browsing the web. Their token is used to pay users for receiving adverts. ICO probably wasn't necessary but at the time it was a good way of both marketing and raising money.
flarex
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3 years ago
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on: Mainnet Merge Announcement
It should also be noted in the 7 years since launch that a large portion of that 59% would have been sold or lost and hence re-distributed to other users on the platform.
flarex
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3 years ago
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on: Arrest of suspected developer of Tornado Cash
flarex
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3 years ago
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on: Arrest of suspected developer of Tornado Cash
Modern light clients don't use that much battery and are optimised for mobile usage. They even have very short start times making use of snapshotting and back filling headers i.e. you ask all nodes on the network that latest snapshot header close to the head and start from there working back towards genesis. This can be even faster than using an RPC and is far more decentralised.
flarex
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3 years ago
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on: Arrest of suspected developer of Tornado Cash
North Korea didn't use them yet to layer stolen funds. Just a matter of time before ZCash and Monero developers are all arrested if this is the precedent.
flarex
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3 years ago
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on: Three Arrows Capital reportedly facing insolvency
People have been using the Tulip bulb analogy for 12 years. What's stopping most people at this point is they understand the analogy doesn't fit.
flarex
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4 years ago
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on: Insider Trading at Coinbase
I think that the best way for Coinbase to combat this is to make as much information public as possible in as close to real time. For example they have a listings website - make every application public in real time. If there are meetings about which asset to add then make the meeting public or the minutes immediately after the meeting. The only way this can be exploited is because there was some lag time between assets that were considered to be listed and the actual announcement.
It doesn't help that they have employed some highly unethical actors in the past and completely failed to do their due diligence. For example when they employed people that were involved in selling hacking tools to nation states that were used in human rights abuses.
flarex
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4 years ago
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on: Proof of stake is incapable of producing a consensus
PoW equally rewards early participants because they take the lions share of the initial blocks. Satoshi is a multi-billionaire. There are very few blockchains that don't heavily favour early adopters and for good reason: it acts as a bootstrapping mechanism for the community. Why would anyone participate in a chain they would get heavily diluted rewards when there are many others that reward early loyalty?
flarex
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4 years ago
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on: Decentralised finance is booming, but it has yet to find its purpose
Blockchains solve the trusted intermediary problem which is far more general concept than double spending. It's also a common misconception that blockchains are anonymous; they are pseudoanonymous and there are companies devoted to de-anonymising and tying real world users to transactions. They do this quite successfully. There are ongoing efforts to completely anonymise computation and transactions on the blockchain using ZK snarks but most today are not using this. Also those use-cases you mention are the low hanging fruit, but as more time passes and the technology matures I expect to see a much broader range of uses for trust-less computation.
flarex
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4 years ago
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on: DeFi bug accidentally gives $90M to users
My intuition tells me that if an asset class rises steadily (albeit with volatility) for 10+ Years the majority of investors would be in profit. Anecdotes aside. Do you have data that suggests otherwise? I would be surprised if you did.
