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29 sats \ 3 replies \ @zuspotirko 27 Feb 2022
Oh my god - the dunning kruger.
- SWIFT isn't a database
- No it is not trivial to hack swift
- 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.
- 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
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140 sats \ 1 reply \ @UlfMoby OP 27 Feb 2022
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
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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie
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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie
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0 sats \ 0 replies \ @247bf84fda 25 Aug freebie
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