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Spk-17hdh | 2 years ago

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)

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npoc|2 years ago

> pretty unlikely

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

Take the following scenarios:

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

Solar storms won't kill computers, they aren't EMPs but magnetic storms that induce currents in coils. It'll destroy power utilities that could take months to years to repair.