Re:Anglo-Italian company says it has cracked Bitcoin. People...
by friend_and_foe on Tuesday March 26, 2024 @11:37PM
(#39835480)
Thanks for sending me that. I checked out the rest of the channel. The CEO (lol) is in most of the videos, one of them is a heavily edited video where he says that his company not once, not twice, but 3 times independently found patterns in sha256, basically saying they cracked it, 3 independent teams all cracked it separately with different approaches.
No I don't for a second think they're being honest.
In all seriousness, I'm enjoying musing about what kind of "fake it 'til you make it" group fever dream got them to think this would fly. Also can't wait for the follow up "damage control" press release that claims Satoshi is one of their principle scientists on staff.
Bonus points: That video of 'Method B' [2], --if it was real-- quickly decaying in advantage from 7x to 2.5x (as compared to brute-force enumeration) implies their patent-pending method is asymptotically exponential-time and that their heuristics aren't always that clever... yay slightly faster exponential time... sometimes! So I suppose they are being honest?
[1]: When N=1 or N=0 ■
[2]: https://youtu.be/vPT0HWVnE98?feature=shared