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In reply to the discussion: I was just thinking. Do you (like me) think that BITCOIN [View all]getagrip_already
(17,557 posts)52. True, but a quantum compute break of blockchain security...
Will do much, much, more than a power failure or even a corrupted or compromised database.
Cracking blockchain security would mean no ecoin is safe. It could all be stolen, or simply destroyed.
And they are close, if it hasnt already happened. These arent script kiddies, they are state actors with unlimited resources like china.
And they might just be waiting for western economies to go full bore crypto. Then boom.
It would be the financial equivelant of not only every bank account going to zero, but combine that with perfect cash note forgeries flooding the streets.
All non physical wealth would vanish.
Try living in a modern society with no currency vehicle that could be trusted.
Crypto enables that.
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They wrote after Trump's 2020 defeat, not after is recent win. I'd like to know what they think now. nt
pnwmom
Wednesday
#27
All internet related monetary transactions, including blockchains, obviously need electricity
Disaffected
Yesterday
#46
I was with one of my husbands maga nephews last night and he is big into bitcoin
kimbutgar
Wednesday
#8