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Is bitcoin protocol future proof

3 pointsby henrygrewover 11 years ago

2 comments

NateDadover 11 years ago
From <a href="https://www.schneier.com/blog/archives/2009/09/the_doghouse_cr.html" rel="nofollow">https:&#x2F;&#x2F;www.schneier.com&#x2F;blog&#x2F;archives&#x2F;2009&#x2F;09&#x2F;the_doghouse_...</a><p>On brute forcing cryptographic keys using an ideal computer that uses the absolute minimum energy possible:<p><i>A typical supernova releases something like 1051 ergs. (About a hundred times as much energy would be released in the form of neutrinos, but let them go for now.) If all of this energy could be channeled into a single orgy of computation, a 219-bit counter could be cycled through all of its states.</i><p>Quantum computers won&#x27;t help break cryptography because they must still consume energy to work, and even a supernova&#x27;s worth of energy won&#x27;t even let you <i>count</i> to 2^256, let alone actually do that many hashes.<p>The only real problem that could occur is if some weakness is found in current cryptographic standards... which while possible, seems unlikely given the massive amount of attention they&#x27;ve already received from incredibly smart people.<p>But, even if something like that did happen, all bitcoin would have to do is roll out a new client that fixes the problem.
romeo88over 11 years ago
No one can guarantee it. There can always be a major breakthrough that breaks the fundamental assumptions on that bitcoin is build. For example: Quantum computers getting a main stream thing and growing exponentially in power.