Why Bitcoin and Not a better improved crypto?

[Dabs]

Bitcoin 2.0 would not be the same as Bitcoin 1.0.

When SHA256 becomes obsolete due to a faster than brute force break, the rest of the world will have bigger problems to deal with first.

[inBitweTrust]

Show me Bitcoin decentralized asset exchange then.

You are a bit behind the times. You should probably spend more time researching than all the effort invested into trolling.

Bitcoin has these:
http://www.secureae.com
https://blockscan.com/order_book?asset1=XCP&asset2=SWARM
https://www.masterxchange.com/market.php?currency=maid
https://bitsquare.io/
http://www.coinffeine.com/
http://www.coinsigner.com/

Decentralized asset exchanges for in person-
https://localbitcoins.com/
https://mycelium.com/lt/help.html


Will you apologize for spreading ignorant FUD?

[R2D221]

When SHA256 becomes obsolete due to a faster than brute force break

You seem pretty confident on that statement. Do you know anything we don't know about the SHA256 algorithm?

[R2D221]

Maybe Bitcoin 2.0 then?

We still have a long way before Bitcoin 1.0.

An improved version with anonymous untraceable transactions. It doesn't have to happen in 2 or 3 years, but eventually SHA256 will become obsolete and we'll be forced to upgrade.

As I said, what makes people think SHA256 will become obsolete? Seriously, I don't know.

What will the new bitcoin based on another algorithm be called? Somebody could say that Internet was upgraded and the name remained the same, but the new internet surely isn't the same one people used in 1980.

It's important to note that the Internet evolved progressively. Yes, it's not the same today than it was in the 80s, but the changes didn't happen overnight. So, Bitcoin will be Bitcoin, even if they change the hash algorithm.

I think the changes will come but they will be introduced smoothly and won't require users to sell their coins and buy something new.

I totally agree.

[inBitweTrust]

Bitcoin has most the features that alts do , they just fall outside of Bitcoin core by design and we should keep it that way.

Keep bitcoin simple, modular, and dumb like TCP/IP. All these alts that keep scaffolding features within their core code instead of keeping the development on the edges will fall behind.

An apropos example is how sophisticated Telephony switch operators which kept the endpoints (telephone receivers) dumb and focused on upgrading their network are now being overtaken by VOIP and cellular networks with smart endpoints and simpler networks.

If Bitcoin remains simple it will offer greater agility, security, and flexibility.

[bitgeek]

An improved version with anonymous untraceable transactions. It doesn't have to happen in 2 or 3 years, but eventually SHA256 will become obsolete and we'll be forced to upgrade.

As I said, what makes people think SHA256 will become obsolete? Seriously, I don't know.

News sites have been screaming about quantum computers for months. I'm taking these articles with a pinch of salt, but still there will come a day when SHA256 will no longer be secure.

[Come-from-Beyond]

News sites have been screaming about quantum computers for months. I'm taking these articles with a pinch of salt, but still there will come a day when SHA256 will no longer be secure.

SHA256 is immune to quantu computers.

[R2D221]

Quantum computers are for solving certain kinds of calculations faster, but that doesn't mean they will automatically break all cryptography in the world.

[Jace]

Before quantum computers will come even close to breaking (as in, feasibly brute forcing) Bitcoin's cryprography, pretty much all other financial protocols on the planet will have been broken long before.

In fact, quantum computers breaking cryptography will be a bliss for Bitcoin. It will break other financial systems' cryprography MUCH sooner, thus fiat / credit card / paypal / other centralized types of money users will be inclined to flee to safer, quantum computing resistant alternatives, like Bitcoin.

[LordSonjai]

I laugh at this,every time I read another post about an alt coin being better than bitcoin I say.

"How could an alt coin succeed when bitcoin fails?What would a alt coin be without bitcoin when alt coins would seize to exist if it wasn't for bitcoin?"

Alt coins are the real scams here.

[Come-from-Beyond]

Alt coins are the real scams here.

I like your conclusion. It sounds so sarcastic when you recall that Bitcoin is a ponzi scheme and money of drug traffickers.

[LordSonjai]

Alt coins are the real scams here.

I like your conclusion. It sounds so sarcastic when you recall that Bitcoin is a ponzi scheme and money of drug traffickers.

well than good sir,what is it,is it a ponzi scheme or money of drug traffickers?

[Come-from-Beyond]

well than good sir,what is it,is it a ponzi scheme or money of drug traffickers?

I used "and" upthread.

[R2D221]

well than good sir,what is it,is it a ponzi scheme or money of drug traffickers?

I used "and" upthread.

It can't be both.