Post
Topic
Board Bitcoin Discussion
Re: hacking secret keys in the future
by
kolloh
on 21/01/2015, 04:46:59 UTC
let's say we're 20 years in the future and the world has adopted bitcoin as a global currency.  We develop very sophisticated processing technology, and a bunch of nerds hack all the secret keys of the bitcoin network.  That is a bad future.
If sha256 was hacked, then we update to sha512.

If SHA256 was hacked, Bitcooin would be the least of your worries.

Yeah for sure, we would have a lot of other security issues to worry about if sha256 was broken. There will definitely be a fork to upgrade to better hashing if needed.