FloridaBitcoin on Nostr: “Specifically what I am using as a threat to bitcoin is AI's advantages in ...
“Specifically what I am using as a threat to bitcoin is AI's advantages in cryptography. The time chain is decentralized and needs 51% agreement to validate a transaction if my understanding is correct. AI especially in conjunction with quantum computing might not be able to effect "bitcoin" but couldn't it serially hack into wallets and then use those coins to validate the mining of new coins even though there is not sufficient proof of work?”
-Newbie neighbor
Published at
2023-05-04 18:17:59Event JSON
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"content": "“Specifically what I am using as a threat to bitcoin is AI's advantages in cryptography. The time chain is decentralized and needs 51% agreement to validate a transaction if my understanding is correct. AI especially in conjunction with quantum computing might not be able to effect \"bitcoin\" but couldn't it serially hack into wallets and then use those coins to validate the mining of new coins even though there is not sufficient proof of work?”\n\n-Newbie neighbor ",
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