Quote from: johnthedong on March 15, 2012, 05:57:38 PM

Quote from: boconniff40 on March 15, 2012, 05:53:15 PM

Quote from: johnthedong on March 15, 2012, 05:50:52 PM

Bitcoin is not based on æs alone. It uses the hash of the generated public keys as the address. Even quantum computers doesn't have an algorithm suitable for calculating this.
If bitcoin is even remotely crack able at some point in the future, I'm sure 'they' will release updates to the blockchain pretty soon.

lol if IT EVER gets hacked, that's the end of BTC

If that is so, then the people capable of doing this would compromise other systems first like NSA.

That's the end of USA.

The end of the world. It's a little scary to think that literally everyone on Earth's life could be ended by the research of some mathematician.

Quote from: johnthedong on March 15, 2012, 05:50:52 PM

Bitcoin is not based on sha alone. It uses the hash of the generated public keys as the address. Even quantum computers doesn't have an algorithm suitable for calculating this.
If bitcoin is even remotely crack able at some point in the future, I'm sure 'they' will release updates to the blockchain pretty soon.

Edit: should've been sha256. The pseudo code is sha256(sha256(a)).

If I'm not mistaken, isn't Bitcoin ownership and signage based on elliptic-curve cryptography, and therefore vulnerable to Shor's algorithm?

I'm probably wrong; I'm a crypto noob and the explanations I've found of Bitcoins crypto system confused me.