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by justifier
3132 days ago
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Can you point me to comprehensive and conclusive discourse on each of these; or even just: > 20) If the cryptography gets broken the whole thing goes to zero I bring it up often here and each time I am met with a similar argument that you are making, but loudly ignoring is different from discussing It's like going to a doctor and each time saying 'ugh, the tired old cancer conversation..can we just talk about something new?!' until the cancer just kills you |
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As for breaking the cryptography, it's been nearly 10 years now, with all the code in the public domain and massive incentives to find a flaw.
That's why some people call Bitcoin "anti-fragile" since it seems to get stronger the more it's attacked.
But of course it's theoretically possible that the NSA / GCHQ / FAPSI will (or has already) broken the cryptography. What happens then? Do miners stop until the flaw is fixed? Do they roll back to before the compromise? Does the blockchain fork into a new, fixed coin?
I guess that's the beauty of financial assets defined by open-source software. Bugs and exploits happen, they get fixed, and we move ahead on a new version.