As long as the sha256 snake doesn't bite its tail, everything will be fine, unless someone finds an exportable weakness in your algorithm, brute force collisions are still pretty unlikely. Well, one of the challenges is also surviving solar storms. I don't know about you but I prefer something tangible that is physically in my possession and at the same time is cryptographic without electronic components (Impossible really, whoever achieves it is a new god)
npoc|2 years ago
you've mastered the art of understatement
> I don't know about you but I prefer something tangible that is physically in my possession
That comes with serious drawbacks, the primary one being exchanging it with other people (1000 miles away for example). You'd be paying a heavy price just so that you're able to physically touch it.
amjnsx|2 years ago
1) solar storm destroys your country. It would wipe the traditional finance sector. Servers. Backups. Records. All destroyed. How do we restore everyone’s wealth to what is was?
2) solar storm destroys your country. You hold bitcoin so you either wait for electricity to be restored. Or migrate to another country.
delfinom|2 years ago