I was offered some bitcoin years ago but was too inexperienced to understand it fully. I passed because back then to me it just seemed almost like a scam compared to traditional currency. I still have little regret there…but agree that, looking back I probably didn’t have the patience to allow it to flourish.
My follow up question for you Dan is this: How do you think Quantum computing is going to change the landscape of bitcoin?
If cryptography is transformed as it’s being discussed that it could be, then there will be huge disruptions and another major fork to add to the above list. The good folks who maintain bitcoin have probably considered this and I’d be fairly sure some of them are also the leading cryptography researchers who are working on making sure quantum codebreaking doesn’t bring down the security of *everything*. Therefore my response would be that bitcoin, given the value at play, would be the first beneficiary of whatever controls are invented in the fledgling space of quantum cybersecurity.
Thank you, Dan! I used to be skeptical about Bitcoin and never had any interest in learning about it. However, the way you explained it is excellent, and now I feel educated about crypto :)
I was offered some bitcoin years ago but was too inexperienced to understand it fully. I passed because back then to me it just seemed almost like a scam compared to traditional currency. I still have little regret there…but agree that, looking back I probably didn’t have the patience to allow it to flourish.
My follow up question for you Dan is this: How do you think Quantum computing is going to change the landscape of bitcoin?
If cryptography is transformed as it’s being discussed that it could be, then there will be huge disruptions and another major fork to add to the above list. The good folks who maintain bitcoin have probably considered this and I’d be fairly sure some of them are also the leading cryptography researchers who are working on making sure quantum codebreaking doesn’t bring down the security of *everything*. Therefore my response would be that bitcoin, given the value at play, would be the first beneficiary of whatever controls are invented in the fledgling space of quantum cybersecurity.
Thank you, Dan! I used to be skeptical about Bitcoin and never had any interest in learning about it. However, the way you explained it is excellent, and now I feel educated about crypto :)