Shinohai's Saturday Shitcoin Selections 4
The lulz in this story begin in a thread for the XJO cryptocuurency on bitcointalk. This guy suggests you can "run an entire 'DNM' on the XJO blockchain" and links to a javascript page (archived) that will happily eat your private keyz and encrypt and decrypt thingz for you!
Why this is incredibly stupid:
- iGolder.com should be all you need to know, but you can also google search it if you wish.
- No mention is made of airgap setups, and the joulecoin.info site is connected to the internet when performing crypto functions.
- No mention made of layering (see above), and why you should be using 4096-bit or higher rsa keys for any comms, period.
- Cost of 51% attacks and other lulz would be near nothing for interested 3-letter agencies.
- Point #1 is honestly enough to end this discussion.
"But it's so luser friendly, everyone can do it!"
There is no scenario that exists, or shall ever exist, where "paste your key here" ever becomes proper handling of cryptographic keys, and certainly not in situations that require proper OPSEC and associated sanitation procedures. This is seriously the most retarded post I've read all year, and tardstalk produces some very brain-damaged threads.
TL;DR OP is an utter moron and you should seek advice elsewhere if you use crypto in any high-risk situations.
Tags: News, Cryptocurrency, Insecurity, Lulz
