Released in late June 2013, Bullion was designed primarily for the purpose of storing wealth. Bullion is the first to employ its pioneering Proof-of-Stake-Participation (PoSP) algorithm which has taken the strength of traditional proof-of-stake implementations, extreme energy efficiency, and injected revolutionary designs to configure the algorithm for maximum security and function.
Google translate: Ljubljana - During the pressing under the glass roof of the entrance to one of the buildings of the Technology Park, we tried with the third ring. Finally, the answer was: "Come after you." Nicehas has been a state of emergency for several days. Waiting continued in the office space, when after a few minutes Matjaž Škorjanc finally entered, he is also known in the media with the hacker nickname Isdero. The man who was caught in Orihovo by agents of the FBI Federal Bureau of Investigation, a man who spent the first 20 months in prison without a telephone, a computer, and his family could communicate only through a glass barrier. The man, who is supposed to be able to crash the US economy with a single call at the age of 22.
In his story, his thoughts quickly escaped Kevin Mitnick, the legendary American hacker from the beginning of the Internet, who spent his prison days in isolation, disconnected from the outside world, as he could use a whistle to wage a nuclear war. A stereotypical notion of prisoners was dispersed with a handshake and the first word exchange.
Škorjanc now wants to write a new story. "I barely picked up, and I'm back on the floor," he said desperately. About 4700 bitcoins were stolen, now worth over 70 million dollars. "This must never be repeated again. We will do everything that will never happen again, "said Škorjanc. "Someone probably tried to suppress us in the pot, but hackers with such knowledge are not in Slovenia."
He did not run away from the questions of his past by moving and at times emotionally. Many of her karmic elements have also been seen in this greatest theft so far. His code used to make invasions into information systems and personal computers. "I am not a man who wants to harm anyone. What happened in the 'previous' times could be attributed to my naivety. At the age of 22, I was not aware of the consequences that my actions might have. "He had to go to jail for them, but he still says:" I was never a hacker. I'm a programmer. "
The last days were probably hard for you. Stand in the middle of a storm of one of the greatest intrusions in the history of bitcoin. How do you feel?
It's extremely difficult. I feel as if they kidnapped my child and cut her in front of my eyes. I'm not sleeping, in the last few days I've closed my eyes for a few hours. I invest all my power to save the platform of nicehash, which enables the survival of more than 700,000 miners and their families. Through us, we earned over one billion and a half dollars (calculated at the price of bitcoins today) in the past year. A few million people from around the world are financially dependent on Nicehasha. Especially those in a less developed world where earned funds replace wages, people use them for schooling, while in the winter months they use their computer systems for heating. The attack is a very big blow for me, for Nicehash and for the entire crypto industry.
Talk about the fact that this is a personal blow to you, but you are not affiliated with the company. You are also not the CEO of Nicehash, which was founded in the summer. Is your father a martyr for your prison sentence?
We know what the laws are, why we have such, I do not understand; in my opinion, this is a limitation of human rights. My father and my whole family stood side by side all the time, without them I would be hard to pick up. I still claim that I was wronged. But I picked up, I gathered power, and Nicehash is my child, my life work. Without him, without it, it would not have been possible. Now he is a co-owner of Nicehash. Nicehash is a relatively young company; you used to do business through Bitorious and H-BIT?
The nicehash platform has been in existence for more than three years. A few months ago, we set up a new company, because it is easier than doing business with two companies. How many bitcoins or money did you pay out to your "miners" during the years of operations on the market? According to today's value of bitcoin, this would be more than one billion and a half dollars (over 120,000 bitcoins op. P.). There would be more to come in this year. Nicehash has become a way of life for many, providing them with survival, service and a significant role in the new emerging world of blockchain technologies. Miners are the blockchain pillar. Since we are a completely free market for the purchase and sale of computational power for the mining of crypts, we were certainly many in the heel.
Hacking and hackers? When we watch movies, everything looks very simple. How do these things actually take place in the real world? What methods are hackers using now?
I've never been a hacker, it's a big misunderstanding. I'm just a programmer. I've never busted in anywhere or stole anything at all. I was told that I wrote a software that was used by others for evil purposes. In spite of everything that is attributed to me, I do not have the experience of hacking, and I can not answer this question with you.
When you have served a penalty for an act in the past, have you decided to set up a nicehash platform that serves miners? How's that going?
I am a programmer and I realize that things need to be user-friendly. Three years ago, when I started putting up the nicehash platform, I had that in my mind. Nicehash is like Uber for taxi drivers - it brings together those who miners and those who buy computing power in one place. We do not trade with the currencies of Fiat (traditional money, op. P.). All transactions take place in bitcoins. When I installed the platform, I had in mind users who were not programmers and would like to earn extra money at the expense of mining. The number of users who used our platform was evidence of this. Our service was provided to everyone, including those who were without computer knowledge, because we simplified the whole process. How does a hacker look to become a victim of a hacker attack? What's behind your background in the attack?
I hardly comment because I do not feel like a hacker. The reasons for the attack can be several, but I can not speak of them right now. You have to understand that this is one of the largest and most sophisticated hacker attacks in the crypt of all times, so all the major global organizations fighting the cybercrime were involved in the investigation. This is not about revenge.
Users are angry because your bitcoins have not been stored on physical media or in a "cold wallet" if you are expressing it in a firebreak. Why did you have all the resources in the system, online?
Our system is flowing. We are not a stock exchange. With us, users buy computing power with bitcoins and miners pay bitcoins for their work. But it is true that during this time the demand for bitcoins has increased sharply, the price of transactions has increased, and we have had to change certain rules. The value of bitcoins has also increased. I could say that exceptional growth has overtaken us on the whole line. As a result, new security challenges are emerging, with which we have successfully tackled successfully.
How do you respond to the claims of some who are spreading speculation through social networks that it was an attack from within?
We can not exclude this option until the search is complete. According to what we know today, the probability of this is very small. For the attack, there is an extremely well-trained group of attackers, which in my opinion is not in Slovenia. What will you do in the next days and what have you done so far to get information about hackers who have managed to empty your wallet?
Unfortunately, I can not speak of this.
What is the possibility that the law enforcement agencies will find the culprits?
Small. But you have to understand that there were no 70 million of them, but there is probably no financial interest in the background. The goal of the attack was to destroy the nicehash, which is the largest and completely free market for calculating power for mining. It's already a multi-billion-dollar business that is steadily rising, from month to month. Somebody probably tried to suppress us in the pot.
What was your income in the last few months when demand was growing? This moment I would not like to talk about these numbers.
Peter Trček estimated that there is a possibility of negotiating with hackers? Have you investigated this option, are you hoping for a possible buy-in with a discount?
Only in movies.
Are cryptos secure? Are risks systemic or depend primarily on the security measures of individual companies?
The cryptos are safe. The main risk is lack of knowledge. The systems that exist are not user-friendly, and there are too many unknowns that are missing users. Despite the fact that we had the protection of "state of the art", it was obviously still too little, since we must bear in mind that in "social engineering" there is still a man in the middle. When establishing a new platform, we will create a security system according to military standards, which means that we will exclude the human factor from the equation.
Do we need special departments to deal with cryptocrinals? Would you be willing to cooperate with law enforcement authorities in such cases?
Of course. Blockchain technology is a general historical opportunity for a more democratic, free and new world. But security is critical. I am thinking of fighting this with all my strength and giving my contribution to society.
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It's over, the bitcoin and crypto markets are finished, panic has taken control of the markets, today's price explained! 👨🎓 CRYPTOCURRENCY EXPLAINED BEGINNE... Why the Current Price of Bitcoin IS CRAZY! Timestamps: 00:00 Intro 01:58 A Word From Goldman's Sack 02:46 Why Greyscale Are Buying so Much Crypto 05:04 Why I... Highlights from The Value of Bitcoin Conference on June 3rd, 2019. After more than 10 years, Bitcoin is still around and the signals that indicate Bitcoin is here to stay are only getting stronger. The current price of Bitcoin is at $9,400.51 up 1.43% The current price of Ethereum is at $245.53 up 2.70% The current price of EOS is at $2.66 up 2.54% The current price of Litecoin is at $45.13 ... Bitcoin price today did fall down below 6700 dollar on november 2019 and did recover itself the same day. Is it on its way up today again? In this video, we are predicting how it will go with some ...