{"id":9457,"date":"2013-12-17T07:47:06","date_gmt":"2013-12-17T15:47:06","guid":{"rendered":"http:\/\/lifeboat.com\/blog\/?p=9457"},"modified":"2013-12-17T07:47:06","modified_gmt":"2013-12-17T15:47:06","slug":"bitcoins-in-space-hacker-to-fire-digital-currency-into-orbit","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2013\/12\/bitcoins-in-space-hacker-to-fire-digital-currency-into-orbit","title":{"rendered":"Bitcoins in Space: Hacker to Fire Digital Currency Into Orbit"},"content":{"rendered":"<p>By <a href=\"http:\/\/www.wired.com\/wiredenterprise\/author\/bobmcmillan\/\">Robert McMillan<\/a><\/p>\n<p>One of the top software engineers behind the Bitcoin digital currency wants to launch it into space.<\/p>\n<p>Last month, Jeff Garzik <a href=\"https:\/\/bitcointalk.org\/index.php?topic=334701.0\">floated the idea of Bitcoin in space<\/a> on an internet discussion forum, pitching it as a way to always keep the system up and running \u2014 even if it\u2019s attacked by malicious hackers.<\/p>\n<p>The plan is to send up a Bitcoin computer on a tiny inexpensive satellite and have this machine communicate with terrestrial Bitcoin computers via radio. Garzik \u2014 who works at Bitcoin payment processor Bitpay and helps shape the open source software that drives the digital currency on thousands of machines across the internet \u2014 says that the satellite node could help the Bitcoin network fight back something known as a Sibyl attack. This is where malicious computers flood a node on the peer-to-peer network with bad data. It could give criminals a way of spending their bitcoins more than once, and it\u2019s also part of the so-called <a href=\"http:\/\/hackingdistributed.com\/2013\/11\/04\/bitcoin-is-broken\/\">selfish miner scenario<\/a> that Cornell University researchers described last month, saying it could bring down the entire system.<\/p>\n<p><a href=\"http:\/\/www.wired.com\/wiredenterprise\/2013\/12\/bitcoin_space\/\" target=\"_blank\">Read more<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Robert McMillan One of the top software engineers behind the Bitcoin digital currency wants to launch it into space. Last month, Jeff Garzik floated the idea of Bitcoin in space on an internet discussion forum, pitching it as a way to always keep the system up and running \u2014 even if it\u2019s attacked by [\u2026]<\/p>\n","protected":false},"author":76,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1318,8],"tags":[],"class_list":["post-9457","post","type-post","status-publish","format-standard","hentry","category-bitcoin","category-space"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/9457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/76"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=9457"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/9457\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=9457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=9457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=9457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}