The computer scientists are correct about crypto aka shitcoins, but not Bitcoin.
-Bitcoin is secure, look this post
Let's say we have a trillion planet Earths. On each Earth, there are a trillion people. Each person has a trillion computers. Each computer generates a trillion keys a second. All these computers have been creating a trillion keys per second since the birth of the universe 13.7 billion years ago. 10^12 * 10^12 * 10^12 * 10^12 * 60 * 60 * 24 * 365 * 13.7 * 10^9 = 4.3*10^65. This means thay they would have so far generated approximately 0.0000000004% of all private keys.
Thanks for sharing this Old post as it is worth to understand and believe as this will also boost Bitcoin supporters Mind and Heart reading this post .
I also believe that it is about SHitcoins and not Bitcoins because people tend to relate bitcoin to those shitcoins .
It's not secure, it's not decentralized. Any system where you forget your password and you lose your life savings is not a safe system.
I agree with Solosanz, and I guess others (Who know about Bitcoin) will be agreed. About password, This is the reason almost every Wallet and software suggest you store your keys safely. If you cannot take the risk, You shouldn't drive a bike or car too. It has the chance of a crash, and you may die. What a non-sense theory.
agree as well.. and Computer Scientist ? do they really understand this as a financial matter?