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Thank you for sharing your thorough and thoughtful analysis. It’s clear you’ve gone to great lengths to examine the origins and authenticity of these historical emails, and I truly respect the care you’ve taken to verify the legitimacy of Wei Dai’s involvement through multiple credible points of evidence.
BTC’s crowning achievement? Turning what was once a beacon of financial independence into a slower, clunkier, middleman-riddled imitation of the very banks it was supposed to replace. If Satoshi walked into this mess now, he’d have a good laugh, if not an aneurysm. But at least BTC’s devout followers can rest easy—if nothing else, they’ve proven that even the best ideas can be buried under enough nonsense.
Yes, the first movie was mind-blowing for me. I don't think I've seen the others. I will check them out!
You have definitely left a mark with your guides and honest advice.
Yes, the first movie was mind-blowing for me. I don't think I've seen the others. I will check them out!
You have definitely left a mark with your guides and honest advice.
Oh man, your story reminds me of my own misstep back in 2012 when I got into Bitcoin then fell for the hype around Litecoin being the "silver to Bitcoin's gold." It seemed like a smart hedge at the time, with Litecoin’s faster and cheaper transactions, so I swapped a big chunk of my Bitcoin for Litecoin. Big mistake. When everything crashed in 2013, Bitcoin eventually rose again, but Litecoin didn’t deliver, and I sat there watching, wishing I’d held onto my BTC. Like you, it took me a while to realize that Bitcoin’s fundamental.
I love how this brings back timeless discussions that are still super relevant today. I always read things differently a second time around.
Great write-up! You emphasized from the get-go that Cashu represents custodial IOUs and is not the same as "real" Bitcoin. This is a critical distinction, and by stating it upfront, you manage expectations about how and when users should rely on the tech.
The core of the issue you're pointing out, and I think you're right to be cautious here, revolves around where the yield comes from. There's a famous saying that applies: "There is no such thing as a free lunch." Yield is never truly risk-free.
It is a moral hazard to believe that governments will bail out banks, and therefore it’s "risk-free." However, 2008 and events like the collapse of SVB in 2023 clearly show that even though many big banks were bailed out by government intervention, not all institutions survive.
Saifedean’s argument is consistent with Austrian Economics principles that highlight the importance of sound money and minimizing leverage in an environment with inelastic money supply.
Short-term measures to boost public sentiment ahead of elections can sometimes lead to long-term challenges.
This private key is encrypted with AES-256-CBC, as indicated by the
DEK-Infoheader:DEK-Info: AES-256-CBC,353B80CD6D6AE8B97C9489F71E12DA0AHere’s how you can decrypt it using Python and the
cryptographylibrary.Key Information Found in the FileKey Information Found in the File
DEK-Infosection, the IV used during encryption is353B80CD6D6AE8B97C9489F71E12DA0A, which is a 16-byte (128-bit) value, represented in hexadecimal format. You’ll need to convert it from hex to bytes to use it in your script.What You’ll NeedWhat You’ll Need
You’ll need the following items to decrypt this RSA private key:
DEK-Info.For this example, I’ll assume you have the passphrase needed to decrypt the key.
Python Decryption StepsPython Decryption Steps
Here’s how you can decrypt the key, using this information, with step-by-step instructions updated for your specific case:
cryptographylibrary (if it’s not installed yet):pip install cryptographyThe following Python code demonstrates how to use the
cryptographylibrary to decrypt the key. You'll be prompted to enter your passphrase during execution.from cryptography.hazmat.primitives.ciphers import Cipher, algorithms, modes from cryptography.hazmat.primitives.kdf.pbkdf2 import PBKDF2HMAC from cryptography.hazmat.primitives import hashes from cryptography.hazmat.backends import default_backend from cryptography.hazmat.primitives import serialization import os import base64 # Step 1: Define base64-encoded encrypted key block (replace this with your own encrypted key) encrypted_key_base64 = '''NU5iL4TPOyNHc5CD/wEEEl2HVv8NLQ6Gk...Your encrypted key here...''' # Step 2: Convert the base64-encoded key to bytes and AES IV (from DEK-Info) encrypted_rsa_key = base64.b64decode(encrypted_key_base64) aes_iv_hex = '353B80CD6D6AE8B97C9489F71E12DA0A' aes_iv = bytes.fromhex(aes_iv_hex) # Step 3: Prompt user for the passphrase (this would have been used to encrypt the key) passphrase = input("Enter the passphrase: ").encode('utf-8') # Step 4: Derive the AES key from the passphrase using PBKDF2 # AES key derivation uses a key derivation function, typically with PBKDF2 in OpenSSL. Below, we assume that: # - Salt = IV (we’re treating the IV as the salt for this example) kdf = PBKDF2HMAC( algorithm=hashes.SHA1(), # OpenSSL often uses SHA-1 for PBKDF2 in these scenarios length=32, # AES-256 requires a 32-byte key salt=aes_iv, # In this simplified example, we use the IV from DEK-Info as the salt iterations=2048, # This is typical for OpenSSL-encrypted RSA private keys backend=default_backend() ) # Step 5: Derive the encryption key using passphrase aes_key = kdf.derive(passphrase) # Step 6: Set up the AES cipher in CBC mode cipher = Cipher(algorithms.AES(aes_key), modes.CBC(aes_iv), backend=default_backend()) decryptor = cipher.decryptor() # Step 7: Decrypt the encrypted RSA private key decrypted_rsa_key = decryptor.update(encrypted_rsa_key) + decryptor.finalize() # Step 8: Load decrypted data as a private key object try: rsa_private_key = serialization.load_der_private_key(decrypted_rsa_key, password=None, backend=default_backend()) print("RSA private key successfully decrypted.") except ValueError as e: print(f"Error loading private key: {e}. Check your passphrase and IV.") exit(1) # Step 9: (Optional) Save the decrypted key to a PEM file pem_private_key = rsa_private_key.private_bytes( encoding=serialization.Encoding.PEM, format=serialization.PrivateFormat.TraditionalOpenSSL, encryption_algorithm=serialization.NoEncryption() ) # Step 10: Write the decrypted key to a file with open('decrypted_rsa_private_key.pem', 'wb') as pem_file: pem_file.write(pem_private_key) print("Decrypted RSA private key saved to 'decrypted_rsa_private_key.pem'")Important Notes:Important Notes:
DEK-Infois used here as the “salt” for key derivation, which is typical for OpenSSL-encrypted private keys.AES-256-CBCencrypted private keys. Specifically, it applies PBKDF2 hashed with SHA-1 and 2048 iterations to derive the AES key from the provided passphrase and IV.decrypted_rsa_private_key.pemin PEM format. You can adjust the filename if needed.The above code decrypts an AES-256-CBC encrypted RSA private key, commonly seen when working with OpenSSL-generated keys. The key derivation leverages PBKDF2 with a passphrase and the IV from the
DEK-Infosection of the encrypted key block. The decrypted RSA private key is then saved in PEM format for easy access and further cryptographic operations.