I am going to take a shot too.
1. The gov holds onto the btc it has as a security measure.
2. A black swan event causes hyperbitcoinization.
3. The supercomputers will be dedicated to cracking 256 but encryption.
4. Lost wallets will be drained and controlled.
5. Back to square one where one of the dominant currencies is controlled by the gov.
6. But it’s just the beginning of decentralized currencies.
The gov is the adversary. And they play to win. I wonder how things are kept safe on the darknet?
Agreed. The adversary will go to any extent to maintain their stranglehold on world economy. I’m sure they are working on to keep the hold in scenarios where btc is a dominant money mover.
https://theweek.com/articles/469742/history-detective-did-churchill-sacrifice-city-protect-secret
We need to showcase the absurdity of the laws, like the cypherpunks of the 90s with their munitions T-shirts.
Didn’t the US gov sell off all of the confiscated Bitcoin they had? Seems like something they would do
Supercomputers cannot crack SHA256
The more research I do, the less I believe that we’ll see it crack in a meaningful way in our lifetimes.
I’m definitely not an expert though, and P2PK addresses would definitely be the first to be compromised.
