Post
Topic
Board Speculation
Re: Gold collapsing. Bitcoin UP.
by
NotLambchop
on 08/03/2015, 14:35:13 UTC
Caveat:  SHA256 broken==blockchain corrupted--your BTC transferred ta hax0r's wallet--irreversible.  You can hardfork the ashes all you want, your money's gone.  Poof!  Fini.
You need to work in your FUD.

Your scenario is less incorrect for ECDSA than it's incorrect for SHA256.

FUD?  Simply replying to a redneck fireman from the sticks fellow Bitcoin intellectual & international financier, Billy Jo.  Mentioned mental giant posits that "SHA256 [being] hacked" would devastate our real financial institutions, while BTCeanie enthusiasts would simply hardfork their scheme to save the day.
If you wish, I could bring up yet another catch:  can't hardfork in real time.  The most recent patch (can't remember, something about 7TPS limit or 21 mil. max coin limit) has been in the works for forever, the one addressing SHA256 haxoring might take a bit longer  Undecided