[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 443 KB, 1173x1053, 1539282410718.jpg [View same] [iqdb] [saucenao] [google]
12187071 No.12187071 [Reply] [Original]

So with the Sha256 vulnerability, what is this going to mean for Chainlink?

To my mind it's not possible to workaround this without throwing out basically all the code they have worked on up to this point. You can't just make slight edits here or there, the whole foundation of crypto security was just exploited.

>> No.12187083

>>12187071
It’s over we’re finalky free

>> No.12187102

Explain yourself bigger what fucking vulnerability

>> No.12187163

>>12187102
vulnerability to being hacked...

>> No.12187164
File: 499 KB, 454x469, 1542589965534.png [View same] [iqdb] [saucenao] [google]
12187164

>>12187102
>he doesn't know
OH NO NO NO HAHAHAAHAHAHHA

>> No.12187167

>>12187102
It’s over
https://techcrunch.com/2018/12/20/sha256-algorithm-hacked

>> No.12187181

>>12187102
It's a fud that gets reloaded when bears get desperate, don't fall for it.

>> No.12187197
File: 363 KB, 901x840, 1545337717433.jpg [View same] [iqdb] [saucenao] [google]
12187197

>>12187167
I'm actually more qualified to talk about this than most anons. I'm employed with a cyber-techno machinations company, I do a lot of security analyst programming type work. Open source, decentralized, APIs, partnerships, you name it. We'd be one of the first companies in line for something like Chainlink, if the decentralized smart contract space had more security over traditional data exchanges. There's a catch though, an underlying flaw more deeply embedded in the bedrock of LINK than the very code itself. The flaw is with the Sha256 hash algorithm, and it's this: It can be easily hacked using a simple unpatchable vulnerability.

Now I can already hear your keyboards going frantic, but hear me out. /biz/ hates hackers, and viruses. And actual companies, businesses, and investors do. There's an old saying you might have heard of: "If it broke, don't!". The idea that any of our bosses would give us the go ahead if we approached them to put our companies valuable data in a smart contract on a cryptocurrency with a Sha256 security hole, that they've never heard of, we'd be laughed out at best and fired on the spot at worst. We already have API data buyers and providers we trust.

'But Chainlink has consensus!' I hear you cry, but is that really a good thing? Just listen to the sound of it. Businesses don't want to spend millions of dollars on something that needs consensus, they want something already concise. 'But the reputation system!', doesn't that defeat the whole point of your coin? If companies only trust nodes with high reputation, what's the difference between trusting banks and data providers that already have reputation, but in real life not on a computer screen.

The fact is, LINK is going to share the same fate as ETH will. A lot of 'real world application' hype, with a lot of 'crypto world application' reality. Only, this billion supply coin isn't going to come close to the $1k that Etherum hit, because of how easily hacked it will be.

>> No.12187257

>>12187167
Yeah, link doesn't lead to shit. Fuck off

>> No.12187271
File: 66 KB, 640x513, 1514661993199.jpg [View same] [iqdb] [saucenao] [google]
12187271

I hacked already at least 100k linkies. Thanks you faggots, I guess?
Oh, and don't hack back, please?

>> No.12187298

Comfy stinky linky short orders for when this shit crashes and burns.

>> No.12187328

>>12187257
Links not opening is one of the symptoms...
Oh my god.. you're already infected..