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388 sats \ 20 replies \ @jennann 15 Nov \ on: Stacker Saloon
If elliptic curve cryptography is ever broken, I hope we don't lose too many people to suicide. It's one of those situations where people could lose not only their life savings, but also their identity. Not their nym, but their identity as someone who is a bitcoiner.
Even if the cracks show slowly and new key options are added, there will still be all those old UTXOs out there that are ripe for the picking. Even setting aside the broken trust in the system’s security, just think about what that would do to the economics.
DES was once thought to be secure. It fell. MD5 was once thought to be secure. It doesn't look so good now. SHA-1 is already showing that collisions are easier than we thought.
It seems inevitable that, given a long enough timeline, all algorithms will eventually fall from grace.
Very insightful. I was just thinking about this. Bitcoin is software a tool to help better our lives. Many of us are risking it all in hopes of having a better life and more time with doing things we love and enjoy.
But I often think what happens if a zero day bug is exploited or like you mentioned the protocol’s cryptography gets cracked it would have massive implications for so many.
But to defeat this risk is quite simple. Have food and a home and start from zero again. Move on to the next day.
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I sometimes wonder if a complete digital reset wouldn’t actually be good in the long run. If you can’t communicate with people all around the world pixels on a screen 24/7, we might actually care more about the people around us.
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If you can’t communicate with people all around the world pixels on a screen 24/7, we might actually care more about the people around us.
Places like this still exist. Less screen time --> more talking, more time spent together, and people have way more energy and are generally happier.
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i imagine a world where we still have a lot of new tech, like fast computers for playing games, but we somehow didn't have instant speed digital communication, and I feel like that world would actually be better...
but it's not really possible to go back. there's no possible way to enforce any agreement not to use tech that exists
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This is why I enjoyed SNIRL at TABCONF so much. Meeting stackers in real life was so much fun! The fun I used to have as a teen just hanging with the bros.
We all gonna die anyways...
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Agreed!
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Sell all your bitcoin now. The game is over.
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