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RE: Gold and Silver for Investment, or for Insurance? (Don't Forget Bitcoin)

in #money7 years ago (edited)

Quantum is not the big issue to bitcoin that many make it out to be. The proof of work algorithm is exchangeable. This has been debated once because of ASICS but ultimately the ASIC method was given the favor. If the encryption should ever be cracked, there is a direct need to change the PoW to quantum resistant, and it will probably happen immediately.

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If Bitcoin is ever cracked I see no reason why the value would not go to $0. I just hope the issue is addressed before it is a real issue.