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/maho/ - Magical Circuitboards

Advanced technology is indistinguishable from magic

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File:1483985395317.gif (315.58 KB,480x420)

 No.3810

So what happens to bitcoin when quantum computing is realized and there's no development on it because there can't be?

 No.3811

Who cares? I already got paid.

 No.3812

>>3810
The state uses crypto so it'll do its best to monopolize quantum computing until it'll choose current form crypto to become obsolete, even if it'll have to keep being enmeshed with different countries' governments and corpos.

 No.3813

File:1519311378429.gif (2 MB,470x500)

>>3811
Well what if it's systemically important? And firms/securities are backed by it and it'd lead to a domino effect if a sudden and massive instantaneous decline of its price would lead to those firms being insolvent and causing a ripple effect on the economy.

 No.3814

Isn't quantum computing supposed to be 2 faced? Yeah you will be able to decrypt a lot of things but sameways you will be able to encrypt better. Or so I have been told. Not sure if Bitcoin can just randomly switch to a quantum encryptation either.

 No.3815

>>3814
Yes, but Bitcoin will never become quantum resistant because there is no and will never be any further development on it. It'll forever be SHA-256.

 No.3816

Toki on the front page!

 No.3817

>>3813
Just short it and buy gold, dude.

 No.3818

>>3810
> and there's no development on it because there can't be?
...Why wouldn't there be?

 No.3819

btc would take something in the order of millions of years to crack even with quantum computers

 No.3821

>>3810
Quantum encryption will protect it.

 No.3822

>>3818
>>3821
I guess I didn't realize this whole time bitcoin could still be developed... Thought it was static...

 No.3823

>>3822
sorta kinda not really don't worry about it

 No.3847

more like bitchcoin




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