Interruptive AI, Causing Adversarial Confusion: The New Geo-Political Battleground
AI is becoming an increasingly more dominant factor of war-making, and thereby it becomes an increasingly more attractive target for...
BITMINT / INSIGHTS
Notes from the founders.
Short essays by Gideon Samid on digital money, stable coins, AI, and the future of cryptography.
Key Centered Quantum Cryptanalysis - The Threat is much closer now!
The original strategy for quantum cryptanalysis was math-centered, circumventing the complelxity that protected users from violating...
Innovative Security
Cyber security is a big project for a big corporate data world. It is designed, built and maintained like a big project.
Creative Giving
More than half a trillion dollars were contributed to Charity in the US in 2024 -- mostly in passive mode, like written checks. This enormous level of giving can be leveraged to steer economic activity on a large scale. BitMint builds a charitable donation track that would breath life in a digital coin, allowing early buyers to profit handsomely from selling that coin later at much higher price. Looking for partners. BitgoodCoin.com
Stable Coins (Not the Almost Stable Ones) Will Take Hold in 2026
Stable coins with a residual trading risk are low risks stocks expropriating the term 'coin'. BitMint LeVeL is a stable coin, purchased and redeemed per its par value independent of any market situation.
HIPS: A Cryptographic Protocol that Can Change the Course of History
We have lost the freedom to talk to our cyber neighbors privately. Yes, we can send an encrypted message, but by this we raise a...
DoW new PQC policy Overlooks new US Security Technology, used by Adversaries
The Department of War just announced that it phases out pre-shared keys (PSK) quantum resistant cryptography (PQC).
Digital Money as new way to Benefit Society, and a new risk to Oppress and Defraud Society
Money was developed bottom up. It emerged as a means to relieve the pre-money barter system with a system that allowed for easy exchange, store of value, and offered an accounting unit. Until the Renaissance money carried its own value: comprised of precious metals valued per the stamp on the money coin. It was when paper money was invented that money became an entity of no self-value, claiming its value by virtue of societal trust. The paper written IOU issued by the House of Medici in Italy in exchange of stored items of self-value, became a unit of exchange despite the fact that the IOU piece of paper had no self-value. Payees accepting the paper written IOU as payment, expressed trust in the issuer of this piece of paper, being confident that upon presentation, the item against which the paper was issued will be delivered.
"Weak Keys" The Unmentioned Risk Shared by NIST PQC Candidates
The quintic polynomial cannot be solved -- as Abel and Galois have shown. Which only means that there are instances of a five degree...
Cover Your Cyber Nakedness with a Fig Leaf of Randomness
We live in cyberspace, and thereby expose our whims, proclivities, secret desires, ambitions, love, hatred, emotions.
A Ciphertext as a Deterrent
Elastic encryption ciphertexts deter cryptanalysts from cracking them. New feature in the on going cyber war.
Fortifying NIST-PQC Against An Attacker Smarter Than Expected
The nightmare of every cryptograher is an attacker using. surprise mathmatical insight to crack the code.
Elastic Encryption: AI Empowered Cryptology
Abstract: Artificial Intelligence will associate a ciphertext with a set of plausible plaintext message candidates for the one...
Like on a Cigarette Box, Every Bitcoin Trade Should Carry a Sudden Death Warning Label
Bitcoin traders exhibit a firm faith that since no one to date published a way to crack Bitcoin, then it must be true that no one found a mathematical formula to crack the currency. LeVeL by BitMint
A Friendly Warning to President Trump: Bitcoin is a Colossal Ticking Bomb!
Friend and foe alike admit that you are a rare political genius. What a massive campaign the Democratic machine piled up against you towards the election -- and you crashed them into smithereens. The world is shivering in anticipation for your next move, supporters and detractors alike. You are the most consequential human being on Earth today.
The Future of Cyber Space Hangs in the Balance -- Can a New Cryptography Save Us?
Life in cyberspace shapes up as a paradise for the powers that be, blanketing us the people with invasive surveillance,...
Digital Money: Privacy and Law - The Proper Balance
The hottest debate in the digital money space today is the question of traders' privacy v. law enforcement. It seems that every proposed solution is tilting one side or another. BitMint LeVeL was designed after articulating a fundamental principle to resolve this dilemma. This principle says: Enforcement is a money matter, Privacy is a people matter
The Regulatory Challenge of Digital Money - Evolution, not a Revolution!
The people in charge of national money today are the ones planning the switch to digital money tomorrow, and they do so with the mindset that claims: regulatory challenges must be resolved first, while being agnostic about the technology.
The Biggest Milestone in the History of Cryptography is Quietly Upon Us
Mathematical Insight is No Longer an Advantage Abstract: Throughout its stormy history and remarkable track record, cryptography...
AI Accelerated Brute Force Cryptanalysis: Bigger Threat than Quantum
Plain brute force cryptanalysis is destined to check on average half the possible secret keys that guard any cyber secret, including...
Proof-of-Secrecy (POS) Cryptography
To say that cryptography today is constituted on arrogance and hubris, is to risk being summarily dismissed by anyone who counts.
Bitcoin: Golden Calf 2.0
We know what money should look like, what its attributes there should be -- it's all very clear, only that we have not found anything that will qualify, so we are playing around with poor replacements.
The Communist Moneyfesto
Progressive Governments vie to Mandate Forced Equitable Redistribution of Digital Wealth to Citizenry at Large. The Cryptography is ready, The Politics is on the Move. The following is an AI empowered Qstory, (qstory.solutions) shedding light on 'Digital Money: Threats and Opportunities' an InnovationSP product (innovationsp.net) qstory.solutions innovationsp.net
Cryptography and Privacy: An Impactful Milestone Ahead
Privacy is back in the hands of the user, dial it up as high as you please!
Will AI Demolish Cryptography?
In the 70s of the last century a thousand years old premise of cryptography was challenged.
AI is here, Cryptography! Are you ready?
It has shaken every other field. It is coming for you (or rather for us, I should say).
The Biggest Banking Revolution Ever is Here, and we Look Away
Since their inception banks offered two categories of services: a place to put money, and a means to grow money. Banks thrived because there was no viable alternative to their offer to safeguard our cash holdings. This has changed. In our new neighborhood, cyberspace, our phone is safer than the bank. The Prospect of a New Cryptography: Extensive use of non-algorithmic randomness competes with mathematical complexity
How did Russia get under our Cyber Skin?
US Intelligence was stymied by Stalin's spies who used an American super cipher, which we dismissed...
"The right of Payor and Payee to Exchange Value Privately Shall Not be Abridged" (New Amendment?)
Let's fancy a new amendment to the US Constitution (The 28th). Or at least launch a public debate over the right to pay digital money in a private fashion. This proposed amendment is not needed today when US dollar banknotes are passed around freely and privately. Alas, as we migrate to cyberspace physical cash will become extinct, and safeguarding the basic right of payment privacy rises to cornerstone status for cyber freedom. Unchecked the digital dollar will be designed with total payment exposure so that every American will be tracked 24/7 through their payments, much of it will be done automatically including via the Internet of Things. The government will then have the power to choke and paralyze every citizen, by simply invalidating their transactions -- large and small. Neither the first amendment, nor the second amendment will be any good, if we cannot pay to pass our word to others, nor buy ammo to make our firearms useful.
Organizing The Digital Currency Community to Help Ukraine Through the Dark Days Ahead
Elon Musk keeps Ukraine connected, the Catholic church feeds Ukrainian refugees, and the digital currency community can put together a stablecoin solution to support trade and life throughout the trying times ahead, which some experts appraise to be years, and many. A LeVeL Paying Field: Cryptographic Solutions towards Social Accountability and Financial Inclusion
CBDC Strategy: Bubbleup Commercial Stablecoins
The unrelenting tsunami of crypto money is unsettling central banks around the world. It's all in the wake of the spectacular success of a money protocol that dictates not only how money is being traded but also how money is being generated -- from thin air. It's magic, and people are swayed. Bitcoin prices swing up and lure in traders who have no solid understanding what they are in to. Federal Reserve: Money and Payments: The U.S. Dollar in the Age of Digital Transformation (Jan 2022)
Bitcoin Protocol Modification to Secure Stability through Automated Network Dumping Capacity
Being self-referenced Bitcoin and its ilk are inherently vulnerable to price instability, and the only tool at the traders' disposal is a well-organized shared incentive to keep the coin alive. Proposing to marshal this incentive by taxing each coin a fixed percentage, and making the network as a whole the tax collector. The bitcoins so collected will be used to execute an automated dumping algorithm that will be invoked when the price of the coin reaches a target ceiling value. Such protocol modification will express the will of the traders to prevent unbound price hikes that inevitably are followed by price avalanche. When the price of the coin comes close to the designated ceiling, it will lose its speculators, and be used for normal monetary exchange.
A World Based on Cryptocurrency: The Ultimate Argument Against It
Following its defeat in WW-I, Germany was crushed under its war reparation burden, and its currency collapsed -- only to quickly bounce back to fund Hitler's ominous war machine. Fiat currencies are hinged on national assets: the land, the construction, the industry, and the trained people to operate them. And hence there is no reasonable scenario for 'overnight collapse' and 'disappearance' of any national currency, however teetering.
Family Key: Interchangeable Symmetric Keys: a new Cryptographic Paradigm
In the current crypto paradigm a single secret key transforms a plaintext into a ciphertext and vice versa, or at most a different...
High Profile Spending Espionage
Silent Reading of Credit Card Spending History of High Level people is Sold to their Rivals -- a new line of Industrial...
Chaum, Grothoff, Moser, Swiss National Bank Digital Money Proposal
Back in the 80s David Chaum invented a clever cryptographic means to allow a party to sign (and thereby authenticate) value carrying data, without the signer being aware of what they signed. Chaum/Grothoff/Moser CBDC proposal (LinkedIn short link)
Disrupting the Hegemony of Digital Monopolies Offering "Free" Value
Digital monopolies stifle competition by offering the public valuable digital goods without monetary compensation. No start-up can compete. These monopolies (e.g. Google, Facebook) make their money from the accumulated intimate knowledge of the public at large, exploiting their size and monopoly status -- creating an irresistible temptation to abuse this gross violation of privacy, and further cement their monopoly status.
Bitcoin Mania: The Chinese Angle
The 11 years old crypto currency has jolted up to its highest value ever, toying with $28k. Is the world wising up to the claimed message of this revolutionary currency, preparing to set it up as the world money? The heavy bitcoin traders are spreading this claim. The truth of the matter is hiding in China. People with good connections have stealthily leaked the word that the People's Republic of China plans surprise announcement to coincide with the inauguration in January of the new American President. This announcement will include a statement of landmark achievement in quantum computing, big advancement in maintaining qbit coherence. This new capability will destroy the mathematical complexity that keeps bitcoin humming. The coin will sink instantly. Heavy traders have a vested interest to prime up the price, and get out of the market ahead of its down spiral. Rumors are not facts, and the breakthrough announcement might come later, but people in the know are gaming the system, hoping to get out in time. Place your bets! We, at BitMint are ready to offer the benefit of digital money without being vulnerable to quantum computing attack.
BitMint Hard Wallet works for Cryptocurrency
Originally designed to guarantee payment continuity for BitMint money, the BitMint Hard Wallet will insure same continuity under no-Internet situation for cryptocurrency as well. Payment will be exercised by the payor passing to the payee the digital coin and the private key that represents its ownership. The software in the paying wallet will erase the coin and its private key inside the wallet itself. This will insure that the private key to a paid coin is held only by its rightful owner. The act of erasure and deletion of data from the paying wallet will be guaranteed by the manufacturer of the wallet, through the public ledger protocol that insures the physical integrity of the wallet. This wallet to wallet payment can continue indefinitely for as long as the Internet is down. Once the Internet bounced back, normal trade resumes.