/biz/ - Business & Finance

>>23948550
It's always been this way, probably like 99.9% of people invested in crypto still haven't even read the whitepaper, let alone understand even 1% of how the protocol works or the game theory around it

It's the same thing with "muh quantum" where people just don't understand what error-corrected qubits are or BTC's public key transmission mechanism with a double-hash that isn't subject to the discrete logarithm problem in the first place. Not to mention ever stopping to question why if a nation-state had the overwhelming resources to break asymmetric elliptic curve encryption why would they waste their one-shot on trying to double-spend some internet money in a tiny $300bil market when a bomb like that could be deployed somewhere more relevant like the global eurodollar bond market or SWIFT. It's like when they broke the enigma machine, and then couldn't just use it to compromise everything right away because then the Nazis would realize it and change communication methods. If some nation-state successfully performed a double spend, the guy who gets screwed over would immediately know about it, the entire crypto community would know about it because it's a public fucking ledger, and the entire community would come together and switch algorithms to something of higher bits or quantum-resistant, of which plenty of algorithms already exist and are always improving. Why would you blow your load like that on Bitcoin rather than use it to secretly monitor encrypted traffic all over the world

>>23126090
>>23126205
kek

>>19675267
>bitcoin will collapse after the halving!!!
Some things never change

>>16974299
kek

>>16877480
kek

>>16704766
kek

>>16681201
fucking KEK, every time

>>16648021
Reminder to laugh at bears

>>16621085
I love these old screenshots from /biz/ and /g/

>>16561150
lmao

>>16499747

>>16477497

>>16422524
see
>>16419700

KEK
THE SAME DUMBFUCK ARGUMENTS WE SEE TODAY