Fundamentals on Nostr: Cryptography is a deep and rich field with a regal and sordid history. Many people ...
Cryptography is a deep and rich field with a regal and sordid history. Many people misunderstand the significance of the ability to keep a secret with a computer.
Bitcoin uses cryptography, yes, but it also simulates the essence of cryptography physically to create a valuable commodity,
All cryptographic systems will eventually be broken - yes. However - hashing to compete for the tiny new bitcoin the protocol has to offer is the true trapdoor / one-way process that cannot be broken.
As long as Bitcoin is something the world wants to spend its scarce resources competing for, its one-way-ness will be absolute.
SHA256 is robust but it’s pretty easy to upgrade the algorithm to 512 (compared to capitulating and giving up Bitcoin or dealing with other defense maneuvers). and that will work for a generation. If there’s one thing most people need to learn in life, it’s how this would work.
Bitcoin uses cryptography, yes, but it also simulates the essence of cryptography physically to create a valuable commodity,
All cryptographic systems will eventually be broken - yes. However - hashing to compete for the tiny new bitcoin the protocol has to offer is the true trapdoor / one-way process that cannot be broken.
As long as Bitcoin is something the world wants to spend its scarce resources competing for, its one-way-ness will be absolute.
SHA256 is robust but it’s pretty easy to upgrade the algorithm to 512 (compared to capitulating and giving up Bitcoin or dealing with other defense maneuvers). and that will work for a generation. If there’s one thing most people need to learn in life, it’s how this would work.