Last of the V8s
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Be a bank.


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March 22, 2018, 03:28:17 AM


did not know that tbh

... it's a bit more nuanced than that. As others note cryptographic primitives like SHA-256, RIPMED-160 hash functions and also digital signing using secp256k1 ECDSA derived cryptographic keys are the essential building blocks of bitcoin.

What he's ham-fistedly trying to say is that there is no 'encryption' used in bitcoin, to the effect of being too cute for his own good. However, Bitcoin Core wallet bitcoin-qt does use a wallet encryption layer, PKI for BIP 70, SSL for for RPC calls and Tor is enabled by default for peer-to-peer connections when it is available. Find me one wallet that isn't using 'encryption' of some sort. It's an empty, bullshitting statement to say cryptocurrencies do not use cryptography. Guy is a tool.

You were probably around for when it dawned on everyone that the wallet wasn't even encrypted...