News for hackers. Stuff that matters.
Re:Signal adds a payments feature with a privacy-focused cry... by edsimpson on Tuesday April 06, 2021 @01:03PM (#26714401)
MobileCoin looks fantastic! Seems to solve the major pain points of Bitcoin: fast transactions, low transaction fees, private and no massive environmental impact with mining. Any ETA on when this will come to the USA?
Re:Signal adds a payments feature with a privacy-focused cry... by hhjj on Tuesday April 06, 2021 @01:49PM (#26715052)
Looks like it depends on SGX, so basically delegates trust to Intel. Bitcoin doesn't depend on trusting anyone.
Re:Signal adds a payments feature with a privacy-focused cry... by crystaln on Tuesday April 06, 2021 @02:04PM (#26715232)
SGX is only used for an extra layer of privacy, beyond what any other currency offers. SGX is not used for the security of the currency. This criticism has been answered countless times.
Re:Signal adds a payments feature with a privacy-focused cry... by sudosysgen on Tuesday April 06, 2021 @04:48PM (#26717207)
Many cryptos offer forward secrecy and completely opaque ledgers without any reliance on SGX.
Re:Signal adds a payments feature with a privacy-focused cry... by hhjj on Tuesday April 06, 2021 @06:28PM (#26718166)
Why does the FAQ 2. say i have to run consensus-service with intel SGX to participate with other validation nodes ? Doesn't that imply the consensus is dependent on SGX ?
Re:Signal adds a payments feature with a privacy-focused cry... by alexmingoia on Tuesday April 06, 2021 @01:52PM (#26715094)
You have to put the keys somewhere.

Storing keys in SGX and using attestation to ensure only valid nodes access them is significantly more secure than not using the SGX.

Using SGX gives a Signal user’s phone the same level of security as using a hardware wallet like Ledger Nano.

Re:Signal adds a payments feature with a privacy-focused cry... by orph on Tuesday April 06, 2021 @02:19PM (#26715413)
Keys are not stored in SGX. Keys never leave the phone.
Re:Signal adds a payments feature with a privacy-focused cry... by alexmingoia on Tuesday April 06, 2021 @02:33PM (#26715559)
Can you provide more detail?

”Running MobileCoin in an SGX enclave allows nodes to securely manage keys for users. A client can perform remote attestation to its MobileCoin node before transmitting its keys into the remote enclave along with a short recovery PIN. The MobileCoin node can then rate limit authenticated access to the keys, while the enclave prevents the node operator or anyone who compromises the node from circumventing the software and attempting to brute force access to the keys directly. In this way, user keys can reside safely in a node and survive across application reinstalls or lost devices, without having to trust the node operator or the security of the node computer, and without having to memorize or safely store extremely long recovery passphrases.”

https://mixin.one/assets/MobileCoin-Whitepaper-EN_FINAL.pdf

Re:Signal adds a payments feature with a privacy-focused cry... by orph on Tuesday April 06, 2021 @04:44PM (#26717170)
See #5 for more details: https://github.com/mobilecoinfoundation/mobilecoin#faq

> 5. Will I need to put my keys on a remote server to scan the blockchain for incoming transactions?

> Keys will never leave your mobile device. This is a challenging problem and we are very excited to share our solution when we release our mobile SDK software.

Re:Signal adds a payments feature with a privacy-focused cry... by bigiain on Tuesday April 06, 2021 @06:55PM (#26718413)
Ahh, right. Nice. So keys never leave the phone due to magical hand waving. Got it.
Re:Signal adds a payments feature with a privacy-focused cry... by maclured on Tuesday April 06, 2021 @05:09PM (#26717413)
MobileCoin isn't the only fast privacy coin in town - particl has most of the same features if not more, including a private ebay-style marketplace which should be ready for prime time in just over a month (all being well). And you can buy it on US exchanges today.

[1] particl.io