Bitcoin

Never Use a Brain Wallet

May 22, 2019
Python, Bitcoin

Among many reasons why people find it hard to use cryptocurrency there’s a simple one – memorising the private key is too hard. So, people invented brain wallet, which turns a string of words into a private key and thus wallet. It’s genius in that now a user needs only to memorise whatever he or she used to create the wallet. You can turn your name, phone number, DoB, favourite quote, lover’s home address, …, literally anything into a cryptocurrency wallet. ...

100 Bitcoins Forgone for Science

Feb 26, 2019
Bitcoin

This post is just another piece of my serious nonsense. All of a sudden, I wanted to know how many Bitcoins I could have mined since 2012? This is because I’ve known Bitcoin since its existence in 2009, but have never really put any effort in mining. Instead, I was fascinated by the idea of using distributed (volunteer) computing to solve scientific problems. For example, BOINC and related projects like World Community Grid are using the computing power donated from around the world to find effective treatments for cancer and HIV/AIDS, low-cost water filtration systems and new materials for capturing solar energy efficiently, etc. ...