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re: Why bitcoin is worse than a Madoff-style Ponzi scheme
Posted on 12/24/21 at 3:21 pm to TigerTatorTots
Posted on 12/24/21 at 3:21 pm to TigerTatorTots
it’ll be fun to look back in a decade and see people still waiting on the Bitcoin network to show a fault.
Hell; even if a collision is found ala the SHA1 hash functions the network protocols could easily be changed to allow for a new hash function with a larger number space than 256 bits and make it even more improbable for there to be any issues. Wouldn’t even be much fanfare, just a simple hard fork from the miners and nobody would even notice.
Same argument for the public key/private key pairs and digital signatures
Hell; even if a collision is found ala the SHA1 hash functions the network protocols could easily be changed to allow for a new hash function with a larger number space than 256 bits and make it even more improbable for there to be any issues. Wouldn’t even be much fanfare, just a simple hard fork from the miners and nobody would even notice.
Same argument for the public key/private key pairs and digital signatures
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