Anglo-Italian company says it has cracked Bitcoin. People have questions

Re:Anglo-Italian company says it has cracked Bitcoin. People... by recursive on Monday March 25, 2024 @12:25PM (#39818259)

If someone cracked Bitcoin, why would they publish a press release? What's to market? Just make the money directly. It's like selling bitcoin mining machines. If they could possibly make money (depending on $/kW), it makes no sense to sell them.

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Re:Anglo-Italian company says it has cracked Bitcoin. People... by HWR_14 on Monday March 25, 2024 @12:40PM (#39818442)

There are reasons to publish a press release. Maybe you think Bitcoin (and other POW mining) is destroying the environment and you want to shut down the entire ecosystem instead of profiting from it. Maybe you prefer to be famous for an intellectual achievement instead of rich. And if you publicly cracked SHA256, I'm sure you can get a job that pays pretty well working on other projects.

Now, if your goal is maximize wealth, then I don't see a reason to publish a press release.

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Re:Anglo-Italian company says it has cracked Bitcoin. People... by GirkovArpa on Monday March 25, 2024 @12:26PM (#39818269)

Exactly. The proof they did not actually crack Bitcoin is the fact they said they did.

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Re:Anglo-Italian company says it has cracked Bitcoin. People... by drivingmenuts on Monday March 25, 2024 @01:47PM (#39819287)

Ag. The Satoshi Maneuver. I like it!

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Re:Anglo-Italian company says it has cracked Bitcoin. People... by refulgentis on Monday March 25, 2024 @12:35PM (#39818383)

They didn't publish a press release. They filed for patents.

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Re:Anglo-Italian company says it has cracked Bitcoin. People... by 1letterunixname on Tuesday March 26, 2024 @12:35AM (#39824300)

I will definitely hold my breath until these "patents" are granted. I'm just wondering how fraud and SEO spam are protected as intellectual property.

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