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Author Topic: An advanced technology could kill crypto?  (Read 364 times)
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January 27, 2022, 08:49:22 AM
 #41

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?
Not all new technologies are related to finance. And there are no new directions in the financial sphere yet. Therefore, for now, fears for cryptocurrency are unnecessary here. Cryptocurrency has just begun to develop and it does it quite quickly. It looks like it still has a lot of potential for use.
As for technologies such as quantum computing, there are different opinions in this regard, including those that are not entirely pleasant for cryptocurrency. Quantum computers have already appeared and their power is growing. Theoretically, there is a danger to the existence of cryptocurrency, but no one knows what will happen in practice.

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January 27, 2022, 11:08:19 AM
 #42

If that does exist, it looks like it will really kill cryptocurrencies because we currently rely on scarcity of supplies mined based on algorithms, if it leaks with technology you call it looks like cryptocurrency won't be worth anymore.

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January 27, 2022, 09:28:33 PM
 #43

It looks like this is the news that the price of cryptocurrency is dropping. I've long heard this news about intelligent computers that can break mine algorithms quickly and penetrate wallet defenses, but until now there has been no such technology.
Yup, this news is not new so what makes you think that this is the reason why crypto is declining? There might be other  reasons that affects the growth of crypto but other than that, it is pretty normal for crypto to went in bearish mode. I'd say that we are now in the future, it is now 2022 and technologies have now evolved but there is no report of people that lost their cryptos because of this.

If there are reports of lost cryptos, that's a different case, it maybe from hacking, scamming and human error. advance technology is needed only to improve the way we lived but not to be use to destroy and make advantage of someone else.
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January 28, 2022, 10:09:16 AM
 #44

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?
Lol this is just your theory and it never proven. It seems like that you didn't understood perfectly how crypto works and how crypto was even become quantum computer resistant caused by the implementation of SHA. Super computer will never kill crypto and it's better for you to read more literature rather than try to create a non sense speculation like this. So many people didn't even know how this works.

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?
false. People never try to get a proper resource about that. There was also quantum computer resistaince. It's better for you to read about what it is. I hope that will give you at least a small insight about that.
Even some members called that as a reason why the dump happened. What the heck.

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January 28, 2022, 03:59:20 PM
 #45

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?
that's a false rumour. Super computer already exist and why crypto is still alive? there are lots of reasons to explain this thing but this will take a week to debate about this. You can read a thread that already made by someone in the past like this https://bitcointalk.org/index.php?topic=5157696.0
that's very well explained that if quantum computing aka super computer was not a thread for crypto nor bitcoin. You just mis understand about that.
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January 29, 2022, 04:47:36 PM
 #46

there is always chance that this kind of technology advancement that could kill blockchain happening in the future but i see no possibility for it to happen for now. The blockchain can be considered as a tech that can be evolved with more development and this is also can be integrated with the various tech.
remember that technology always evolves every year, right now we have quantum computers in the future we might have something even stronger than that technology.
despite of that you should also remember that regardless of these technology advancement blockchain is also having its development periodically updated
you could say that blockchain will have never ending development so maybe it could go against technology evolution.

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January 29, 2022, 07:00:56 PM
 #47

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Does the new technology also have the nature of crypto and blockchain? If the new technology also has the nature of crypto and blockchain then it cannot kill crypto, it can only compete.
If it doesn't have the nature of crypto and blockchain, it also can't kill crypto because it's not a rival.
Just like today with the existence of crypto, will Fiat become extinct? Of course Fiat can run well and in tandem with crypto even though it has the same function.
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January 29, 2022, 07:23:43 PM
 #48

If that does exist, it looks like it will really kill cryptocurrencies because we currently rely on scarcity of supplies mined based on algorithms, if it leaks with technology you call it looks like cryptocurrency won't be worth anymore.

And you don't think that cryptocurrencies can adapt to new technology and continue to do the same even better and faster?! I guess this scenario is more likely to happen than anything else... of course if there are active developers and the team behind the project they already have the means to buy new equipment at this price (and maybe the prices of some coins will be even higher than now when this happens)! So I don't worry about advanced technologies, cause crypto can handle it, and what more advanced technologies can make it even better probably!

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January 29, 2022, 08:04:07 PM
 #49

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?
I believe there could be a possible way of decryption to any encrypted data. But in the mean time while we wait for the advent of such super computers we can still enjoy the little security guaranteed by the current Blockchain technology at hand but if by chance the crypto get replaced by another advanced technology it would not be completely wiped off rather there would be a correlation between both technologies
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January 29, 2022, 08:07:51 PM
 #50

Technology is ever evolving. For sure, crypto would be outdated one day. What with Quantum Computing and all, this is gradually changing how computing is. But lets enjoy crypto till it happens
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January 30, 2022, 04:25:54 PM
 #51

The new tech will not kill crypto, crypto was decentralized and it can't be killed except the world will have no electricity to keep the network will be alive. This is the only way to kill crypto and i don't even think if the new tech will be a threat for the crypto. It's likely the new tech will be integrated with the cryptocurrency. Any new tech will not be perfect and there will always be a hole.
You can't argue that if there will be a better tech than crypto. Remember that the development of new tech will always be getting inspired by solving the problem that exist.
Supercomputor was not a threat for the crypto and don't worry. It needs thousands of years and it's not matter of days. it's a false statement.

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January 30, 2022, 04:51:42 PM
 #52

The new tech will not kill crypto, crypto was decentralized and it can't be killed except the world will have no electricity to keep the network will be alive. This is the only way to kill crypto and i don't even think if the new tech will be a threat for the crypto. It's likely the new tech will be integrated with the cryptocurrency. Any new tech will not be perfect and there will always be a hole.
You can't argue that if there will be a better tech than crypto. Remember that the development of new tech will always be getting inspired by solving the problem that exist.
Supercomputor was not a threat for the crypto and don't worry. It needs thousands of years and it's not matter of days. it's a false statement.
when new technologies adopt what crypto brings. I guess that won't be a problem. but those who develop new platforms with possibly similar systems and take over the market adoption. of course, that could be bad for crypto.
crypto survives and continues to experience growth as market demand continues to grow. all can be lost when the community and the market begin to agree to eliminate something.



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January 30, 2022, 05:04:11 PM
 #53

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Yes, our technology is continuously evolving and developing but believe it or not, even cryptocurrency is also improving and developing so I don't think things like that could happen. The decentralized cryptocurrency is also adaptive about the changes so if the latest technology development would affect crypto, I'm sure that it would change features to keep it more secure.
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January 30, 2022, 06:24:56 PM
 #54

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?
The fastest supercomputer is Fugaku which has a speed of 442 PFLOPS and it cost around a billion US dollar to put together this supercomputer and if you think it can break AES-128 encryption it will take forever to break the encryption, basically it is impossible to break the encryption even if you spent a billion dollars and who will be spending that much money to break the encryption of BTCitcoin (SHA-256) or other cryptocurrencies  Tongue.

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January 30, 2022, 06:32:32 PM
 #55

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?
I have just answered another similar question just an hour back. First of all, I am surprised to see people really think that Bitcoin or cryptocurrency is the end of currencies like we will always now use this technology in our economy. This is a wild thought in itself, FIAT too came one day and people thought that this is it they have a solution that will last forever but technology gave us crypto a better alternative, so obviously a time will come when even cryptocurrencies would get old and there will be a new technology which will replace it and replace our way of transacting with each other. Will it Kill crypto? yes, it will but definitely, in a positive way, it's not that you will lose all your money and that stuff. Should you be worried? Not at all, I don't see such strong supercomputers coming in for the next 20 years which could overtake crypto.
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January 30, 2022, 06:59:16 PM
 #56

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?
Before you say about technology, you should first study the definition of technology works for what and how.
Sometimes you need to read about technology.
https://www.thesaurus.com/browse/technology

Crypto is, digital asset using technology, technology can't kill, thinking it's intellectually not literate.

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January 30, 2022, 07:12:49 PM
 #57

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Unfortunately, no one knows what will happen next. As for new technologies, if we look into the past, we will see that many technologies that were earlier are still being used now. This makes us understand that even if there is a new technology that is better than the blockchain, this does not mean that the blockchain and cryptocurrencies will disappear. I believe that the blockchain and cryptocurrencies will work for as long as their creator laid down, or more precisely, until they complete their task. In any case, I believe that it is too early to talk about the replacement of blockchain and cryptocurrencies.
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January 30, 2022, 07:43:13 PM
 #58

It is very difficult, cryptocurrency technology is backed by Blockchain, and the only thing that can compete with it is what we call quantum computing, and even so when it is in its first developments, it will not be 100% ready to face Blockchain codes, however, in an eventual advance of quantum technology, it can leave behind certain security algorithms that can break one or another code, but I think that by then, blockchain will be armored with AI and with very good security quantum.

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January 31, 2022, 08:55:56 AM
 #59

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?
I wouldn't want to bother myself about what kind of technology is to come in the future and still want to continue to enjoy this cryptocurrency moment. When that time comes I don't also believe that their attention will be on how to kill crypto because there could also be even another form of digital finance or the supercomputers might even further enhance the crypto space, who knows.
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January 31, 2022, 11:00:56 AM
 #60

New technology will always be dynamic and what we think now is the best then it will be useless in the future, many people overthink about cryptocurrencies with reasons of advanced, secure and so on, but I believe the trend will keep changing and growing.

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