I've been looking for the backdoor in Bitcoin, and if it exists it comes through SHA256 via DES, but since nobody has ever found it the odds are good that it doesn't exist. I do have one line on an anomaly in Bitcoin that is not relevant to this discussion and, if true, wouldn't prove anything significant to it, but I'm not commenting further about that without doing my own math first.
Banking encryption has not been secure since they started making hash farms in Russia and Iceland.
"It would take a million years of calculating to crack!" Yes, but doing a million calculations concurrently that means it takes a year.
I dont think they meant 1 calculation per day, or per year for millions of years when they make such a claim.
But i get what you imply. But almost all internet connected piece of hardware has a hidden backdoor for monitoring/access to private networks.
So they even might not lie and it is in fact secure for gen pop, but access from high up is always easy.
Afaik all major brands in the west are compromised, as well as all the chinese knockoffs.
I've been looking for the backdoor in Bitcoin, and if it exists it comes through SHA256 via DES, but since nobody has ever found it the odds are good that it doesn't exist. I do have one line on an anomaly in Bitcoin that is not relevant to this discussion and, if true, wouldn't prove anything significant to it, but I'm not commenting further about that without doing my own math first.