Post
Topic
Board Bitcoin Discussion
Merits 1 from 1 user
Re: The risks of using Bitcoin
by
elda34b
on 11/08/2021, 14:06:51 UTC
⭐ Merited by dzonikg28 (1)
The risk of advancements in technology to crack cryptography is probably another one. I don't know how severe that problem is and people say the algorithm could quickly be adapted, but if somebody cracks the algorithm I doubt that will ever become public knowledge until the harm done is really extraordinarily big.
If that does happen, crypto is probably the last that will get affected. The algorithm is used by others such as banking etc, and cracking crypto might not be as profitable as social engineering, doing ransomware, etc. Which is why most attack happens through spam e-mail, phishing link, etc.