If SHA-256 became completely broken, I think we could come to some agreement about what the honest block chain was before the trouble started, lock that in and continue from there with a new hash function. - Satoshi
Discussion
Yeah, zero worries. When quantum computing comes on the scene we’ll simply adopt it.
Oh, shitcoin x has some cool feature? Absorbed into ₿itcoin.
We’ve already won. 14 years and counting.
Unless quantum computing breaks bitcoin and people dont notice for a while. If it goes unnoticed for a few weeks a lot of trouble and lost faith will occur.
It would be preferable to implement protections before vulnerability is exposed.
Any new tech will be rolled into ₿itcoin, including quantum computing. It’s an arms race.
Well, we must assume quantum computers will be in the hands of incredibly powerful or rich people for a while. We wont be able to use QC for defense until prices become affordable for more people.
Better resistance to QC should be prioritized imo
And Peter Schiff would still be waiting for it to go to zero 🤣Certainly getting tested at the moment I’m optimistic mining hash rates will increase to compensate 💯
Start using SHA3 then.