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29166942 No.29166942 [Reply] [Original]

>be an incredibly intelligent hacker and mathematician
>find a flaw in BTC
>short it with massive leverage and with everything you have
>release the flaw to the public

Could this happen?

>> No.29167082

there's a trillion dollar bug bounty, go find it.

>> No.29167193

safer to hack it with a quantum computer

>> No.29167326

>>29166942
Yes and it's becoming increasingly easier each day. Will it happen in our life time tho? Probably not.

>> No.29167351

You're literally just describing double-spend FUD.

>> No.29167480

On a more serious note, basically every major flaw with BTC is already known to the general public (or at least anybody who cares about crypto beyond my lil bitcoin stock doin sum) so if something new were to be found it would be pretty astronomical.

>> No.29167498

>>29166942
>>be an incredibly intelligent hacker and mathematician

Computer scientists, cryptographers, and mathematicians have had ~12 years to try and find a core flaw with bitcoin and nobody has done it. The only way to break it would be to break public key encryption or hashing and both of those things would wreck the digital economy so badly that crypto would be a side note.

>> No.29167864

>>29167498
well, the codebase is still under constant development. linux recently fixed a 10 year old bug in sudo that could give attackers root access to the system, so even rather important code snippets can often be overlooked in open source (and also in the industry for that matter)

>> No.29168079

>>29166942
Yeah, but depending on the bug people would probably just fix it and continue the blockchain from the point where it was discovered

>> No.29169365

>>29168079
Confidence in Bitcoin would be zero after that point though.