Quote from: Bankincoins on January 21, 2018, 03:41:08 AM

Quote from: ciborgue on January 21, 2018, 03:30:57 AM

Quote from: sunnydmd on January 21, 2018, 03:16:18 AM

What I'm most worried about is the introduction of quantum computers. When quantum computers are born, the digging of coins is terrible.

Don't worry, mining is going to be your smallest problem. As soon as somebody put together even 1k qbit unit traditional cryptography as we all know it is dead - and so does the world as we know it. Think about it: Internet commerce is gone, secure communication is gone, financial system is back on dedicated dial-up lines. You can't pay with a credit card anymore, you can't trade unless you're physically on the Wall St. Welcome back to the 70s, man.

LOL. That's idiotic FUD. Crypto is as good as it needs to be. Quantum computing will require a huge increase in entropy and changes in methods but we are not going back to the 70s.

You mean the Crytocurrency market will collapse. I do not think about it. I only fear for the minner will be threatened interests. The birth of quantum computers will be the purification of the market.

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Don't worry, mining is going to be your smallest problem. As soon as somebody put together even 1k qbit unit traditional cryptography as we all know it is dead - and so does the world as we know it. Think about it: Internet commerce is gone, secure communication is gone, financial system is back on dedicated dial-up lines. You can't pay with a credit card anymore, you can't trade unless you're physically on the Wall St. Welcome back to the 70s, man.
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I'm not referring to the usefulness of technology. Blockchain technology is limitless. Take a look at Blockchain's application. Great.