When I say ideal I mean:
- People cannot born them from blown air and some day they will not be able to earn from coinbase's rewards.
- Over time, it will still have value.
- It cannot be spoiled by human.
- It is decentralized, no one controls it.
- You can send/receive the currency really quickly.
These are some basics requirements for the
ideal currency. But I have a question. There are public and private keys out there. You can take anyone's public key and send him/her bitcoins. In the future, like 2100, you understand that technology is advancing. Those years I believe that brute forcing a private key will not be something impossible. Do you think that bitcoin will be spoiled by human in the future?
Should bitcoin use SHA512? Or something even stronger?
I guess bitcoin technology really is futuristic having this digital currency or digital money seems to be the future.
As of now, there are still so many countries that are using physical money or fiat money but when you're thinking about future its more like of advance technology when it comes to currency or money we could say that bitcoin or cryptocurrency really is the most advance as of today that is really suited in the future.
For sure we want a more reliable, fast transaction as we get more advanced technologies in the future. Some better technology could exist in the future but I guess bitcoin is the best at the moment.