Someone please produce a news article with this sensational title :” The bitcoin creator’s $ 1 billion hidden reward to those who break NSA’s super secret algorithm”.
Hmmm, a catch-22:
If an intelligent person can derive a fast enough algorithm to invert SHA-2 (256-bit), then he can also use it to mine Bitcoins faster than anyone else and gain complete control of the network. And therefore, he has no incentive to share the knowledge.
But if an intelligent person can derive a fast enough algorithm to break ECDSA signatures based on secp256k1, then he will have complete control of the crypto economy. His only option will be to keep the algorithm private. He has no incentive to share the knowledge because he can now manipulate transactions at will.
Published at Thu, 23 Feb 2017 14:05:49 +0000