Post
Topic
Board Speculation
Re: Bitcoin Price Dropping - Are You Scared?
by
Saint-loup
on 27/09/2019, 22:07:47 UTC
Unfortunately, there are some reasons to be scared : the Lightning Network hack, the failure of Bakkt launch and the Google quantum computing exploit.

How realistic is the Google quantum computing exploit though?

they created a very specific problem that was intentionally difficult to solve with traditional computers, then solved it with a quantum computer. sort of like chopping off your opponent's leg before a footrace.

this is very far removed from solving real problems like those that could break modern encryption.

i'm also curious about this "lightning network hack". all i can find is this from a month ago: https://www.theblockcrypto.com/linked/38068/bitcoins-lightning-network-found-to-have-security-vulnerabilities

It doesn't matter how realistic is the quantum computing exploit, it matters how people think it is...  Undecided Most of people investing in Bitcoin are not computer scientists neither even tech savvy. So they don't care how feasible it is

i didn't see much FUD about it. most of the articles state pretty clearly that it's not a risk to bitcoin.
https://cointelegraph.com/news/googles-quantum-computer-breakthrough-not-a-risk-to-bitcoin-says-dev
https://www.ccn.com/google-quantum-bitcoin/
https://finance.yahoo.com/news/google-quantum-computer-means-bitcoin-165320736.html
So you didn't hear about the Lightning Network hack and you didn't hear about the FUD of the Google exploit?  Huh
Have you heard about the low volume on Bakkt at least?  Cheesy