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Re: Mitsubishi MISTY LSI

>   Nikkei English News, 24 September 1996. 
>   [Mitsubishi] fabricated the chip as a gate array using a 
>   0.5 micron CMOS process and its own proprietary 
>   encryption algorithm MISTY. Operating at a maximum 
>   input/output speed of 40 megahertz, the chip can handle 
>   32 bits per clock cycle. 

Does anyone have a reason not to consider this algorithm snake oil?  e.g.:

Was it developed by a well known cryptographer?
Has it been vetted by someone/some organization with reputation?

I other words, why should we trust it?

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