pull down to refresh

Oh my god - the dunning kruger.
  1. SWIFT isn't a database
  2. No it is not trivial to hack swift
  3. There is a difference between demand deposits (e.g. bank accounts) and e-money (e.g. paypal). Demand deposits are always demand and liability and not just one entry in one database.
  4. Stealing getting hold of TLS keys (session keys or long term key) for swift and stealing a bitcoin private key are literally the same thing.
Okay, thanks for listening to my rant. I also disagree that btc is dressed up as a get-rich quick scheme
reply
Bitcoin is more than a coin. Its a monetary network. Swift would also be classified as some sort of monetary network.
The shadow brokers showed how Swift was compromised by the NSA: https://medium.com/comae/the-nsa-compromised-swift-network-50ec3000b195
reply
deleted by author
deleted by author
deleted by author