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FHE will probably take a while to become practical. Remember, the first schema was published only in 2009, which is very recent in cryptography standards.

Secure multi-party computation can achieve similar objectives (compute on encrypted data-sets), but is much more mature research-wise (first schema dates back to the 70s) and can be practical for large algorithms today. See http://enigma.media.mit.edu/ (disclosure - I'm one of the founders)


"making the world more open and connected"


Yes, that is exactly the case. The idea is to let 3rd parties use the data without ever having direct access to it. They can't reconstruct it, and only get the result of the computation.


Thanks Tal!


Hi, co-creator here.

1) More electricity it used, but it has some benefits. What is the social and financial cost of data breaches and identity theft? Hopefully at scale a system like Enigma can help with that.

2) At scale, you are correct. Blockchain scaling is a problem that a lot of people are working on, hopefully it will be solved in one way or another. If it doesn't, we'll need to find another solution or Enigma will fail.


Awesome, going to use it in my trading bot. Thanks!


I don't think the bot is responsible for either bubble.

But, if it was, the bitcoin world owes everything to Mark Karpeles. Because of the price surges it got all the media attention, VC investments, hundreds of companies popping up, millions of users...


... and hundreds of thousands of people losing everything they had in Mt. Gox (at best) and straight into Karpeles' pocket (at worst).

Are you sure we owe him?


I lost some money there too, I've been their customer since 2011.

But if the main reason for the April and November bubbles is Willy, than the current (amazing) state of bitcoin is thanks to him.


These kinds of market manipulation shenanigans only reduces trust in bitcoin, so no, we don't owe that fuckwad anything.

I did gain (ever so slightly) from the higher price, and I didn't have any money with MtGox so no loss there. But I'm still unhappy about it, because I want to see bitcoin succeed in the long term.


Unfortunately every market is highly manipulated... And in any market you deal with people who have more information than you. The game is trying to understand the manipulation.


Richard Branson just invested millions in Bitpay, a bitcoin company. You should tell him it's dead!!


He has money to lose - like most Bitcoin investors.


Yeah he's a bad investor..

don't hate mate.


I don't hate, but you guys (which vested interest in Bitcoin, like, holding a couple of bitcoins waiting for them to be worth a million dollars) surely do hate people who don't resonate with you and you feel threatened by those who can get in the way of your pipe dreams.


The real reason is because Shai Agassi, a 0.001 percentile guy, was beaten by Elon Musk, a 0.0000001 percentile guy.


Cycling is actually not that healthy. Repetitive short movements shorten your muscles, which causes all kinds of problems.


>> Cycling is actually not that healthy.

As someone who works out regularly but never cycles, this seems difficult to believe. Surely the cardiovascular benefits outweigh any negatives from "muscle shortening" (first I've heard of this) compared to no activity.

Unless your point is "some types of exercise are better than cycling" in which case, sure.


Accuracy is so important in HN :)

Fact - cycling creates short leg muscles, hamstrings in particular. For those of us who have tight hamstrings, which is most males (according to my subjective, biased observations), this is not good. Creates back problems later on.

I agree that some cycling is better than no activity. But I would say that going to a hooker every night is also better for you health wise than staying in and watching tv, as long as you wear at least 2 condoms.


As someone who has put in tens of thousands of km's on bicycles over the years, I'm wondering when these alleged downsides are supposed to kick in. According to my own subjective, self-observations, it has done nothing but good for me.


In exactly 137 days.


Since we're nitpicking - wearing two condoms is a terrible idea. The friction will break them.


Precisely the type of backwards-ass opinion based upon flawed anecdotal evidence I love to see!

Keep it up champ!


A list of health benefits of cycling, including peer-reviewed publications that the references come from. http://www.cyclehelmets.org/1015.html


Cycling is health in so far as it is more exercise and fresh air than a majority of the population gets ever. Cycling too much has its side effect as does just about everything in life.


Right, but in other activities if you practice safely and under professional supervision you can usually minimize the risk. Here the movement is short and repetitive which in turn builds short muscles. It's a "feature", not a corner case "bug".


I'm 100% sure you don't know what you're talking about. Please provide sources for your statement and prove me wrong.


If you asked nicer I would have googled it for you, but you can do that yourself.


Googling for cycling short muscles turned up nothing relevant on the first page, for me.


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