Dan Boneh: 50x blockchain speedups will unlock unimaginable new applications
“The same thing is going to happen here is that, you know, we speed things up by a factor of 50 and all of a sudden we get a whole bunch of new applications we couldn't even imagine.”
Boneh predicts Bitcoin and Ethereum data will survive until year 3000
“So I think that the Bitcoin and Ethereum blockchains are going to be with humanity now forever, you know, in the year 3000, you know, the era of Futurama, we're still going to be looking at the Ethereum and Bitcoin blockchains. Maybe they won't be called that,…”
Boneh: Smartphone-based 2FA fails when users browse directly on their mobile devices
“Unfortunately today all second factor authentication schemes are essentially based on, well, the smartphone. And what happens if you only interact with the website through your smartphone, right? So in fact, we're hearing more and more of people that the only …”
Boneh: Smartwatches are ideal 2FA mechanisms because they stay on the body
“The direction we'd like to go at, to move to, is where the second factor is something that's always on the human body. So, one of the beautiful applications for smart watches is exactly a second factor, right? My smart watch, my watch actually, is always on me…”
Boneh: Stanford researchers developed a zero-knowledge solvency proof for Bitcoin exchanges
“So what we designed is basically A mechanism that allows you to prove solvency, but do it in a way that's called zero knowledge. So you can prove that you're solvent, so an exchange, can prove that the amount of bitcoins it has is more than the obligations tha…”
Boneh: An operating quantum computer will likely be built within his lifetime
“I would speculate that in my lifetime, We'll probably see some sort of a, of operating quantum computer.”
Boneh: Big tech security teams possess the authority to delay product launches
“In big companies like Microsoft, Apple, Google security teams in fact are involved in the process from the design phase, which is really important. And then if a product is about to ship out and a security, the security team discovers a big vulnerability, they…”
Boneh: Post-launch UI security fixes face severe user adoption friction
“Cause once your product is out there, once you build a user base, your users are used to using the product in a particular way. If it turns out that you have to make changes in the user interface because of security concerns, ah, that actually would make it ha…”
Generating a solvency proof for 500,000 customers takes 10 minutes
“So the exchange will take 10 minutes to generate the proof.”