Time Travel: 2014

Moreover, B.T.C as a payment method first became popular among hackers.

It’s not unusual for a bunch of people engaged in security technology to choose to use B.T.C. as a settlement method for remuneration.

Early B.T.C was not only popular among geeks.

Most of the people participating in B.T.C mining are geeks.

Of course, this is also related to the relatively low mining difficulty of B.T.C in the early days.

At that time, ordinary computers could be used to participate in mining.

Although at that time, B.T.C was circulating in the geek circle.

But B.T.C had almost no price at the time.

Most of them are circulated in the form of gifts, rewards, etc.

Even if you don't dig it yourself, it's not too laborious to get it by buying it.

On May 21, 2010, an American programmer exchanged 10,000 B.T.C. for 2 pizzas.

At that time, the market price of these two pizzas was US$30, which translates into a price of US$0.003 for one B.T.C.

Although this behavior is largely hype.

But it can also be seen that B.T.C was really cheap at that time.

US$0.003 each.

Doesn’t that mean you can buy three for less than a cent?

It can be said that at that time, thousands of B.T.Cs could be obtained with almost no effort.

However, there is no point in looking forward to that time.

It’s already 2014.

At this time, although the price of B.T.C was not as exaggerated as in later generations, the price has been falling.

But if you buy it at this time, it will cost more than 600 US dollars each.

But price is not really an issue.

After all, Lin Hui trades on loopholes (technology).

To a certain extent, this is Lin Hui's business without capital.

To be honest, Lin Hui was a little tempted by this settlement method.

If Lin Hui chooses to accept BitPay payment at this time.

Doesn't it mean that Lin Hui will get a huge amount of coins all at once.

Lin Hui estimated that if Apple personnel measured it based on the complexity and severity of the development chain.

Then the value of the "time regression vulnerability" is at least US$700,000.

What Lin Hui submitted was a vulnerability corresponding to the iOS8 beta version.

So according to the rules, Lin Hui should receive an additional 50% premium.

If Apple has no tricks in the payment process.

The vulnerability submitted by Lin Hui was worth more than 1.05 million US dollars.

The current transaction price of one coin is only $606.

If you choose to pay with BitPay.

Doesn't it mean that once the transaction is completed, Lin Hui will receive 1,732 coins at once.

And this is just a conservative estimate.

In fact, Lin Hui thought he would get more coins.

However, even this is just a conservative estimate.

These 1,732 coins would be quite a fortune a few years later.

Even at a price of $60,000 apiece.

A few years later, these 1,732 coins would be equivalent to US$103.92 million.

A vulnerability for more than $100 million?

No matter how you think about it, it's a bloody profit.

After some trouble, Lin Hui registered the corresponding bitpay account.

After choosing a bitpay account as the settlement method.

An English user guide popped up.

After reading through this User Instructions.

Only then did Lin Hui realize that it might not be so fast if he chose BitPay to pay.

However, users can make an appointment (submit a vulnerability) for any working day time three months later as the payment date.

Under other circumstances, this kind of delayed payment would have been frowned upon.

But what about this kind of thing? Lin Hui likes this kind of delayed payment.

You know, the price of B.T.C has been falling recently.

This is undoubtedly very good news for Lin Hui.

Lin Hui remembers that in January 2015, B.T.C was generally only a little over two hundred dollars.

In this case, if Lin Hui chooses to receive the money in early January.

Doesn’t it mean that the number of B.T.C that Lin Hui actually obtained through the time regression loophole will be more?

If the previous vulnerability was worth $1.05 million.

So let’s estimate it at $220 a piece.

Lin Hui will also receive 4,772 coins at once.

Well, this number is a bit exaggerated.

However, an exaggeration is an exaggeration.

Lin Hui doesn't doubt that Apple can't afford to settle with B.T.C just because of a loophole.

Doesn't exist, although some large companies have been waiting and watching for B.T.C for a long time.

But the so-called wait and see of these giants is actually-buy something and try it.

Instead of looking at it and not buying it.

Lin Hui estimated that these Internet giants had more than tens of thousands of coins in stock.

In short, even if you really need fruit and pay a few thousand pieces at a time, it won't be a big problem.

Moreover, Lin Hui just chose to use B.T.C to settle the time regression vulnerability.

As for settling more vulnerabilities with B.T.C.

Maybe you can continue after some time.

But forget it for a short time.

You also have to pay attention to basic facts when gathering wool.

After all, according to Satoshi Nakamoto’s paper, the total number of B.T.C is only 21 million.

The squeeze is too harsh, what should I do if the channel is closed?

Moreover, Lin Hui submitted the vulnerability in a short period of time in exchange for dollars.

Not in exchange for Bitcoin.

What's more, if Lin Hui is really interested in B.T.C., he can buy it directly when the time comes.

At this time in 2014, B.T.C has been around for several years.

It’s not too much trouble even if you just go and buy it.

No need to beat around the bush like this.

What Lin Hui really needs at this time is hot money, not futures money.

Moreover, Lin Hui also plans to make money through B.T.C operation.

This time, B.T.C was chosen as the settlement method for time regression vulnerabilities.

It was just an unintentional move.

There are no special circumstances. Lin Hui is not interested in getting too deep into matters related to B.T.C.

It is enough to hoard more than 10,000 coins for future risk avoidance.

There is no need to stock up on too much.

In fact, when the resources at hand reach a certain level.

The rules have also changed.

If one day Lin Hui really gets a lot of coins.

So will it cause market panic when he sells for cash?

Will the originally strong currency price plummet?

Everything is good in moderation, and there is no point in going overboard.

Various tedious procedures including registering an account on the vulnerability submission website are troublesome.

But when it comes to reporting the vulnerability itself.

In fact, it doesn't take much effort. Lin Hui only needs to report the vulnerability itself.

As for the rest, Lin Hui is not responsible for it.

Lin Hui is only responsible for finding vulnerabilities, not explaining the causes of vulnerabilities and fixing them.

As for fixing the loopholes?

Sorry, that's another price.

But when it comes to patching vulnerabilities, it's actually quite simple.

In the previous life, Apple took a good approach, which simply prevented users from adjusting the time to January 1, 1970 in the UTC time zone.

Later, Lin Hui changed a computer and enabled another proxy IP.

Lin Hui registered a new account named "root"

Using this account, Lin Hui submitted several more seemingly obvious vulnerabilities.

The reason for submitting is obvious.

It’s because loopholes can be shallow or deep.

It is better to submit some simple ones that are relatively easy to discover first.

As for some vulnerabilities that can be triggered by very special triggering mechanisms, wouldn't it be suspicious to propose multiple vulnerabilities at once?