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Title: Afraid from Broken Cryptography risk, could it even happen ? Post by: Fakhoury on December 22, 2015, 08:20:37 PM Hello,
As few days back, I was as usual, checking the bitcoin sub-reddit and came across some news about cracking the SHA-265 cryptography, and this could be the end of bitcoin. I've always read about the world's most sophisticated encryption didn't last for two decades. How as bulls and permabulls could deal with this ? As some of you know me, I've permabull to the core, but this had me shaking a bit. Title: Re: Afraid from Broken Cryptography risk, could it even happen ? Post by: mexxer-2 on December 22, 2015, 08:58:36 PM I believe, with the advent of quantum computers, BTC security might be a bit threatened(don't take my word for it though, I believe I read it in a legendary member's post)
But contrarily I also saw this infographics, which most members seem to agree on, being true http://miguelmoreno.net/wp-content/uploads/2013/05/fYFBsqp.jpg At any rate, devs can simply "evolve" the Bitcoin network, with the new hashing algorithm, I believe. Title: Re: Afraid from Broken Cryptography risk, could it even happen ? Post by: TERA on December 22, 2015, 09:06:36 PM Sha256 and ec will inevitably be completely broken by mathematicians. You won't need a quantum computer, just a pen and paper. However, bulls claim that will be able to see the vulnerabilities coming many years in advance and release forks and issue everyone new private keys beforehand.
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