HODL til 2024 Crypto Bull Run

[Whale biologist]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Maybe you missed the point. If quantum computing may become a threat to bitcoin, they will change from ECDSA to a post-quantum way of doing keys.

Will quantum computing decades from now be able to crack ECDSA, which is already decades old today? Probably.

Will the computer savvy folks working on the tech of a 1+ trillion dollar market cap asset forget to switch to a "post-quantum" algo for keys, which already exists? No.

Checkmate. And thanks for playing.

Like I said, there's no such thing as quantum-resistant math.

Deeply ironic meme bud. 😬

[Castle2.0]

You don't need new math. You uncurious, unread, ignoramus.

https://en.wikipedia.org/wiki/Post-quantum_cryptography

...While the quantum Grover's algorithm does speed up attacks against symmetric ciphers, doubling the key size can effectively block these attacks. Thus post-quantum symmetric cryptography does not need to differ significantly from current symmetric cryptography....

Open Quantum Safe (OQS) project was started in late 2016 and has the goal of developing and prototyping quantum-resistant cryptography. It aims to integrate current post-quantum schemes in one library: liboqs

Quantum computing is a bogeyman, like most things people don't understand. MSM needs clicks and quantum computing ticks 3 boxes: future, technology, and 'bad.'

[Jibartik]

also the dividends are shipments mcdonalds diping sauce

[Jibartik]

quantum computing is not the bogeyman lol

only idiots who spam about crypto say that because at the moment it is one of the many rational concerns about the system

jesus christ you are showing masive weakness saying something as stupid as quantum computing is a bogeyman lol

holy shit you sound like a librarian in the 1960s

The dumbest thing. The absolute DUMBEST thing someone has said on these forums is that quantum computing is a "bogeyman"

the only people that have ever said that are STONKS subscribers lol stupid kids! all those wikipedia pages you link are written by 20 year old horza's who pationalty care about crypto the way he does liberal politics.

If you believe it by all means

but jesus christ dont fall for the trap that quantum computing is the enemy of crypto and you need to pick a political side on science oh my god what a stupid idiot person youd have to be to have faith in crypto but not quantum computing

quantum computing is PHYSICS

bitcoin is an algorithm you incredible idiot oh my god I cant believe I had to read that

[bomaroast]

The e-coins are the icing on the cake that is man's inaction against the climate disaster. Proof of how doomed we are.

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[Gustoo]

I kind of agree with bomaroast for ethical reasons to not support e-coin insanity.

Hard to get on board with something that smells like dumping toxic sludge in a river without even producing any physical objects.

[Jibartik]

Originally Posted by Gustoo [You must be logged in to view images. Log in or Register.]

I kind of agree with bomaroast for ethical reasons to not support e-coin insanity.

the go to response is that the infrastructure for VISA and traditional banking is worse for the environment overall than e-coin, and if we all used our phones as wallets instead of wallets the waste would go down.

But I fail to believe that the infrastructure that people build around e-coins wouldnt be just as taxing on the environment as traditional banking (because people are retarded) so overall it's not a net gain on carbon reduction.

It's tough to say who's right because the people who are on the side of progress are afraid to talk about stuff like this because they want to stop being poor and get rich quick off BC like the people that FOMO'd them into getting into it after 10 years of being afraid to.

[bomaroast]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

It's tough to say who's right

Wrong. It's very easy to see who is right. Traditional banking can be conducted and was conducted for hundreds of years without any electricity or computer hardware. Traditional banking can perform transactions without having to decode/re-encode all past transactions. There is not waste built into the system as a matter of course.

All for the sake of being "free" from traditional forms of money and control. Nevermind that the e-coins are all completely dependent on electricity, computer hardware manufacturers, and the internet infrastructure.

[Castle2.0]

Let me make it real simple for people.

(Simplified) Work Equation
Work = force x distance

You apply a force to something and move it X distance. That is work.

And work takes energy.

The Work/Energy Equation
Work done by the net force = final kinetic energy - starting kinetic energy

Your work is moving a rock from point A to point B, either literally or figuratively. You spend energy to create/do something of value. You are rewarded with something of value in return.

You work for money.

Money = representation of spent human energy

Think of all the work you do in 1 year.

Think of all the money you make in 1 year.

Imagine, the work you do in 2021, loses 2-5% of it's value every year for the rest of time

This is called 'inflation.'

Imagine, 8,000,000,000 people all losing at least 2-5% of the value of their spent energy year-on-year for the rest of time.

The totality of your spent work energy IS your wealth. You choose how to store it.

Bitcoin doesn't use too much energy. This is the first time in human history your work value can be stored in a unit that is invulnerable to exploitation.

Re-read that. That is the value of Bitcoin.

Also, Bitcoin is a huge driver of alternative energy. Try google sometime before opining in ignorance.

[bomaroast]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

Also, Bitcoin is a huge driver of alternative energy.

Right. Because spinning up a gas burning generator or purchasing chinese-produced solar panels to power a mining setup is 'renewable.'