Quote from: davis196 on July 22, 2019, 06:09:20 AM

Quote from: valentin68 on July 22, 2019, 04:43:08 AM

In 10 years from now a quantum computer will have sufficient computation power to give a 51% attack on the bitcoin network.

Please discuss.

In 10 years Bitcoin+blockchain:
1.Won't exist.
2.Will improve to a level,in which quantum computers won't be a threat,they could even help. Grin

Let's hope that the second option will happen.
This topic has been discussed 100 times before,so it's pointless to ask the same questions again and again.

1. Bitcoin and Blockchain are immortal, so they both will exist buddy even if no one uses them, which they 100% will use at least blockchain and I am pretty sure 10 years is to soon to ditch bitcoin, but it will be ditched at some point when people realize a fair distributed supply is how you make a money supply that is not a ponzi scheme, all other coins will become niche.

2. Quantum computers or a pool of lesser computers will always be a threat with the current system, Hopefully they change the consensus algorithm so instead of 51% of the hash power, it is 51% of the users. (spoiler: it is not going to happen with bitcoin unless satoshi comes back, pretty sure the person is dead)

Is it a general agreement of a consensus of people if 10 people out of 1000 agree on something because they have more money or hashing power?

con·sen·sus
a general agreement.

gen·er·al
affecting or concerning all people.