Re:Timelock: time-release encryption incentivised by Bitcoins
by jnbiche on Wednesday June 04, 2014 @11:42PM
(#7850100)
>Can't I check the blockchain for all transactions around the time that the informant sent the bounty and just brute-force that
Do check in from your private island after you finish doing so, since the next transaction on the blockchain you will brute force is presumably this one:
Being more serious, it should be emphasized that you're not by any means brute forcing Bitcoin transactions when you're doing this. He's just using a clever technique composed of crypto hash chains to hide a Bitcoin private key. It just happens to use the same SHA256 algo as Bitcoin mining does.
Do check in from your private island after you finish doing so, since the next transaction on the blockchain you will brute force is presumably this one:
http://www.coindesk.com/194993-btc-transaction-147m-mystery-...
Being more serious, it should be emphasized that you're not by any means brute forcing Bitcoin transactions when you're doing this. He's just using a clever technique composed of crypto hash chains to hide a Bitcoin private key. It just happens to use the same SHA256 algo as Bitcoin mining does.