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getagrip_already

(17,557 posts)
52. True, but a quantum compute break of blockchain security...
Thu Dec 26, 2024, 06:10 PM
19 hrs ago

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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