Is the NSA trying to Crack Bitcoin?

By May 3, 2015Bitcoin Business
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Is the NSA trying to Crack Bitcoin?

Since the early 2000s, the NSA invested billions of dollars in a clandestine campaign to maintain its ability to eavesdrop. The agency sees that task as essential to its mission. If it cannot decipher the messages of terrorists, foreign spies and other adversaries, the United States will always be a target.

The agency is said to have deployed custom-built, superfast computers to break codes, in collaboration with many technology companies. They are using supercomputers, technical trickery, court orders and persuasion to undermine many of the communication tools protecting its user’s privacy.

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The N.S.A. has already cracked much of the encryption that guards global commerce and banking systems, protects sensitive data like trade secrets and medical records, and automatically secures the e-mails, Web searches, Internet chats and phone calls of Americans and others around the world.

An intelligence budget document clears that the effort is still going on. The director of national intelligence, James R. Clapper Jr., wrote:

“We are investing in groundbreaking cryptanalytic capabilities to defeat adversarial cryptography and exploit Internet traffic”.

The agency’s has been focusing on the encryption in universal use in the United States, including Secure Sockets Layer, or SSL, virtual private networks, or VPNs, and the protection used on fourth-generation, or 4G, smartphones. People, don’t even realize they rely on such protection every time they send an e-mail, do transactions online, talk to friends via their company’s computer network, or use a phone or a tablet on a 4G network. The N.S.A. has been deliberately weakening the international encryption standards adopted by developers. By introducing such back doors, the N.S.A. has surreptitiously accomplished what it had failed to do in the open.

Rumors in the past have accused Bitcoin of being a NSA. setup, however, with all this snooping around the National Agency is carrying out, and all these classified details about how the agency conducts their activities, the Bitcoin community has most certainly become a target. Many people inside the community already believe the NSA is looking to crack the Bitcoin protocol and that this is one of their most important missions at the moment.

The agency is said to have deployed custom-built, superfast computers to break codes, in collaboration with many technology companies. They are using supercomputers, technical […]

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