If people split their bitcoins in multiple addresses, then maybe there
would be no need to worry(?), because the computational cost would be
higher than what the attacker would get.


From Google:
https://security.googleblog.com/2017/02/announcing-first-sha1-collision.html

*Here are some numbers that give a sense of how large scale this
computation was: *

   - *Nine quintillion (9,223,372,036,854,775,808) SHA1 computations in
   total*
   - *6,500 years of CPU computation to complete the attack first phase*
   - *110 years of GPU computation to complete the second phase*


https://bitinfocharts.com/top-100-richest-bitcoin-addresses.html
Richest address: 124,178 BTC ($142,853,079 USD)



On Sat, Feb 25, 2017 at 6:40 PM, Peter Todd via bitcoin-dev <
bitcoin-dev@lists.linuxfoundation.org> wrote:

> On Sat, Feb 25, 2017 at 03:34:33PM -0600, Steve Davis wrote:
> > Yea, well. I don’t think it is ethical to post instructions without an
> associated remediation (BIP) if you don’t see the potential attack.
>
> I can't agree with you at all there: we're still at the point where the
> computational costs of such attacks limit their real-world impact, which is
> exactly when you want the *maximum* exposure to what they are and what the
> risks are, so that people develop mitigations.
>
> Keeping details secret tends to keep the attacks out of public view, which
> might be a good trade-off in a situation where the attacks are immediately
> practical and the need to deploy a fix is well understood. But we're in the
> exact opposite situation.
>
> > I was rather hoping that we could have a fuller discussion of what the
> best practical response would be to such an issue?
>
> Deploying segwit's 256-bit digests is a response that's already fully
> coded and
> ready to deploy, with the one exception of a new address format. That
> address
> format is being actively worked on, and could be deployed relatively
> quickly if
> needed.
>
> --
> https://petertodd.org 'peter'[:-1]@petertodd.org
>
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>