Nostr Web Client

“Specifically what I am using as a threat to bitcoin is AI's advantages in cryptography. The time chain is decentralized and needs 51% agreement to validate a transaction if my understanding is correct. AI especially in conjunction with quantum computing might not be able to effect "bitcoin" but couldn't it serially hack into wallets and then use those coins to validate the mining of new coins even though there is not sufficient proof of work?”

-Newbie neighbor

mark tyler 2y ago

Hacking into a wallet doesn’t help with validating blocks sans proof of work. To do that, it would need to sell the coins in the wallets, buy miners, and conduct a 51% attack. A 51% attack that way is very unlikely to succeed even if it could get into some big wallets.

More fundamentally, AI has no advantage at getting into those wallets that I’m aware of.

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Discussion

mark tyler 2y ago

To do that = to try to do the needed proof of work

mark tyler 2y ago

Follow up question for friend: is there an advantage that AI has in cryptography? Maybe I just haven’t heard of it