If someone cracked the hash algorithm, or found a cheaper way to compute it, they'd make a lot of money, difficulty would go to the moon, but the rate of Bitcoin creation would not increase. Just like when ASICs came in.
Think way beyond that... if you can.
For lack of a better example: my gripe is that this is a bit like Windows 98 security: You can set a login password and it gets encrypted satisfactorily... but to bypass the login password, you simply needed to press ESC at the right time.
Instead it looks like you are merely a PoS shill:
I had to look up the meaning of "shill", you may find it hard to believe but there are people who have never come across that word before. I've been sending emails since 1993, and I wrote computer code before I could read or write my native language.
I'm going to go ahead and stop replying to a troll, and if it's not a troll simply someone that does not want to learn or understand.
I'm not the troll... I'm the messenger, here to tell you about the troll under the bridge you're trying to cross... and I'm trying to gather some momentum to dry up the river so there's no need for a bridge... but I'm not getting much help, yet...
http://en.wikipedia.org/wiki/Bias_blind_spotIt's almost like:
http://www.quora.com/What-are-some-stupid-things-that-smart-people-doSo everyone is *still* staring themselves blind and patting themselves on the back about the encryption. Great. My point is that it is still stored on your computer, and your computer is insecure, no matter how you cut it. There is no widespread, cleanly audited, secure bootloader in use. The moment you generate a key, you run a risk of giving it away.
Here's the news: you need more than a secure algorithm for security. Security is only as good as the weakest link in the chain.
You may say it's not a Bitcoin-problem... but if it affects Bitcoin, and the Bitcoin ecosystem can be reinforced against it, I think it should be.