It’s no coincidence that Bitcoin’s collapsing price has coincided with signs of President Donald Trump’s diminishing political power, according to Paul Krugman, Nobel Prize–winning economist and professor of economics at the Graduate Center of the City University of New York.
Bitcoin/Trump. LMMFAO
- Thread starter LotusBud
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- Brooklyn NY
What, only one thread?
Come on, don't be a slacker!
Come on, don't be a slacker!
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Wanna talk about the weather?
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- Chicagoland
This thread is about Bitcoin. BITCOIN.
It about your rampant TDS … yet again
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Is that like those gold foil wrapped chocolate coins that @Joe like to talk about?
Yes. Trump made billions off of chocolate coins, cause he's such a great businessman.
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- 5,698
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- In a kakistocracy
Lotus, I've read a couple articles stating that the problem is related to something else and it's only the tip of the iceberg
Blockchain technology, the stuff used to generate these cryptos, will be rendered completely unsafe with the quantum computing technology advancements
When you put AI and QC together, you have a combo that'll change everything related to cryptography (and that includes passwords and any kind of electronic security)
So crypto coins are pretty much doomed and the day they announce that they've managed to break the security of an existing blockchain, the whole technology will crumble almost instantly.
Blockchain technology, the stuff used to generate these cryptos, will be rendered completely unsafe with the quantum computing technology advancements
When you put AI and QC together, you have a combo that'll change everything related to cryptography (and that includes passwords and any kind of electronic security)
So crypto coins are pretty much doomed and the day they announce that they've managed to break the security of an existing blockchain, the whole technology will crumble almost instantly.
- Reaction score
- 5,698
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- In a kakistocracy
QC can compromise the security of existing blockchains by breaking the underlying that secure transactions. This could allow attackers to forge digital signatures, steal digital assets, and manipulate data, but not to "duplicate" the blockchain itself. The vulnerability exists for transactions where the public key is already visible on the blockchain.
How quantum computing threatens blockchain security
How quantum computing threatens blockchain security
- Breaking digital signatures: Quantum computers, using algorithms like Shor's, can solve the mathematical problems that keep public and private keys separate. This would allow an attacker with a powerful enough quantum computer to derive a private key from a public key, enabling them to spend another person's cryptocurrency.
- Compromising hash functions: While not as easily broken as public-key cryptography, quantum algorithms like Grover's can weaken hash functions, potentially leading to data integrity issues.
- Exposing vulnerable funds: The attack is most effective against addresses where the public key has already been published through a past transaction. Funds in addresses where the public key has never been revealed are currently considered safer from this specific type of quantum attack.
I thought crypto was BS from Day 1. Too many variables that were uncontrollable and even impossible to guess at.
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Well, duh! Gold foil wrapped chocolate coins are worth more than bytes on a computer chip all day long.
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- In a kakistocracy
Crypto's initial appeal was the fact that it was untraceable and in a world in which these fuckers treat money like toilet paper, having an alternative wasn't bad at all
Problem is, there's no ballast. It's not tied to anything physical in most cases
Those who put money in PAX Gold for example, are safe. The rest? Oh well
Well, I know that, but I doubt Orange Soda knows it.
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Only you could turn a conversation about the worthlessness of "cryptocurrency" into a Trump dig.
That's why I ask you about the weather to help take your mind off your TDS. ;)
Only you could completely ignore the article in the op and then pretend the thread is about something else.
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That's my specialty, dear.
How long have you been reading my poasts again?
That doesn't make you clever. That makes you an asshole. And I'm betting Krugman knows a fuckton more about the economy than you do.
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- Brooklyn NY
Yeah, let's talk about how you think we can rate the president's performance based on the price of bitcoin.
Seamajor
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This is better than BITCOIN. Could be just right for ya
Seamajor
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I read everyone. You’ve been hoodwinked a thousand times. What’s Trump done for you Reggie?
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Seamajor
Site Supporter
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Who is Diego Reggie? I keep asking with no results. Here’s a question for you amigo. What’s Trump done for you? May I answer for you? Absolutely nothing, aside from continuing to be a hopeless broke sap. I’d bet you lost your Target job to a Guatemalan, anyway. I think it’s funny.
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Are you just pissed because Cockeye the Cat pissed on your $17k rug again? I suppose that's Trump's fault too.
Seamajor
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Never happen. He’s got more class than you.
