An advanced technology could kill crypto? - page 3.

Wawa2013

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Technological developments are indeed very fast, who would have thought that there was such a sophisticated technology like blockchain,
who can carry out financial transactions without going through a third party. But it is very likely that in the future there will be more sophisticated
technology, so there is a possibility that crypto will be replaced by much more sophisticated technology. I don't think anything in this world can last
forever, so there will always be something better to replace it. But no one knows when that will happen, it could be 100 years from now. So we don't
need to think too far, let's just focus on crypto right now which can still provide many benefits for its users. Regarding super computers that can pass
all crypto wallet keys in a matter of days, those rumors are not true, it is spread by crypto haters, who want crypto dead. But don't worry,
many parties have tried to kill crypto, but always ends in failure. So there is no need to hesitate to invest in crypto, because until now crypto is
still proven to provide many benefits for those who own it and use it.

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Regardless, the idea was so advanced. While technology evolves, also expect that there will an improved version of crypto "in general".

Can we elaborate more on your thoughts so we can have a better response here?

What do you expect or anticipate to happen in the future regarding advanced technology?

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

For now, this is just a theory and speculation, although we have records of people speculating that Bitcoin and Cryptocurrency will be obsolete but, it turns out the other way around, for something that can kill or make Cryptocurrency to go obsolete, we have to know what is it and what makes it better, adoption and enhancement of Cryptocurrency will continue as long as the so-called something that can kill Crypto does not have a concrete idea on what it will be.

tippytoes

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Quote from: nurilham on January 26, 2022, 07:14:49 PM

I don't think that it can kill crypto because the news about the computers that can bypass all keys easily is also not necessarily true. I mean every technology must be designed as well and secure as possible like blockchain technology and it will be difficult to break into it. Even if many new technologies emerge with their respective sophistication in my opinion it will not kill crypto. But if the technology is more sophisticated and in the sense that it can also help eradicate crime in the crypto world then i think that will be very helpful.

For now, it is too early to tell. Before, the fud that quantum computers will kill crypto is already known to many. But up until now, no known impact so far. We already have quantum computers so don't know if they are already testing the vulnerability of blockchain tech. There are even projects that are introduced here saying they are quantum resistant projects. But we can't deny the possibility in the future that a sophisticated technology may wiped out crypto. But for now, it is far from happening.

Cornia

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Cryptocurrency is going to be banned when it is a threat to people. There is no need to invent new advanced technology to kill it. But yes, cryptocurrency can be taken forward by inventing more advanced technology.

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Can you give me the source? I am also curious about this.
What I am thinking is about the possibility is a global catastrophe that hit the entire world on this earth that turns off all technology and makes us return to ancient times again. Sorry, I'm just kidding.

Well, actually, there may be always a new era of technology, but until now, we still don't know what exactly will make the crypto world dead. And I personally have small belief about that super compter to do that. It is not logical. And even that can happen, what is the goal? Crypto world is now very complicated, not only about one or two things. But this has involved so many parties, technology, varieties of technology-based on blockchain, and others.
We also know that it is not only about coins or tokens, but also other reliable projects such as NFT and also Metaverse that is also spreading and happening toward this crypto world. Crypto world is also always developing, it will be or even not be same again with previous years, and there will be always updates again and again.

nurilham

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I don't think that it can kill crypto because the news about the computers that can bypass all keys easily is also not necessarily true. I mean every technology must be designed as well and secure as possible like blockchain technology and it will be difficult to break into it. Even if many new technologies emerge with their respective sophistication in my opinion it will not kill crypto. But if the technology is more sophisticated and in the sense that it can also help eradicate crime in the crypto world then i think that will be very helpful.

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

God created the world to grow and evolve, close your eyes for a second or two and imagine how we got here, a lot of technologies have given way for crypto to be here today, so it won't be out of place if crypto has to one day, give way for a better technology to take its place, it is called growth and advancement.

Quote

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

You mean Quantum computers,? Well, alot have been said concerning this computer but I've not really sat down to research about it which I will still do in my spare time, but for now, I honestly hope it's not as powerful as people are likening it to be.

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Quote from: pawanjain on January 26, 2022, 10:35:56 AM

Cryptocurrencies are still in a very early stage I would say since it is not yet widely adopted.
If a new technology is developed it only means that a new form of payment method/trading asset is created.
I am pretty much sure that it will not be quickly adopted since cryptocurrencies itself is still not widely adopted.
By the time the new tech is evolved, new projects will emerge in the crypto sphere which will tackle the new tech being developed.
We will also get enough time to evaluate which technology is better and potential in the long term and will get ample amount of time to switch over.
It is quite obvious that if the new tech is far better than cryptocurrencies then people will move over to it.
But I hardly think there will be a new tech in the next 20 years which will be able to surpass cryptocurrencies.

I would guess that people are talking about stuff like quantum computing. Not that it is out yet, but it could be one day, or at least that is what people are saying. In that case, even just one of them would be enough, we would see a big big problem with a single quantum computer managing to crack everything, but that is probably a problem for everything and not just crypto. All of the worlds passwords would be in trouble, all websites would be in trouble, whoever gets their hand on a quantum computer would be in big big trouble.

This is why there are so many securities in place for the works of it, you can't just make one in your home, that would not work. I guess it would not come down to crypto being broken by quantum computing anytime soon, and even if the danger is there one day, we could easily implement something that could stop a possible attack as well.

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Quantum computers not super computers are the ones that could break the cryptography protecting bitcoin, however this is also true for banks and for governments so not only this market will be affected, however there are already algorithms that can beat those computers, so if it seems as if those computers are finally ready to be released then the developers will update bitcoin with an algorithm like that.

And about something better coming along that is a risk that exists everywhere where technology is involved, so could something better appear out of nowhere similar to what happened with bitcoin? Yes, but there is no way to predict when that will be the case so there is no point worrying about it.

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Of course any advanced technology is only advanced for the time being. At some point it becomes old and redundant. This holds true for anything. Will crypto exist in 1000 years? I doubt it. Will the internet exist in 1000 years? I doubt it. What will exist in 1000 years will be the next evolutions of crypto and the internet. What that will look like is impossible to tell now.

If youre asking if todays crypto can be destroyed with advanced tech? I have yet to see such a tech. It does not exist. So, no.

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Crypto can't be killed as long as there are two nodes that are still operated to make the blockchain keeps running and don't you understand what meant of decentralized? That means crypto can't be killed easily.

Quote from: LostEcho on January 26, 2022, 06:06:14 AM

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Dude, this thing was discussed a few years ago and are you new on this? You shall dig more old threads about that in this forum and im sure that you will fine that easily. So many members have been discussing about this since a long time ago. Try to spend a few minutes to dig this forum.

vv181

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Yes. Why would someone not use better technology in terms of efficiency, utilities, and use cases, if there are a brand new of something revolutionary.

Quote from: LostEcho on January 26, 2022, 06:06:14 AM

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

False. It might happen in the future, but of course, there will be an attempt to mitigate that.

See below reference to know in-depth of how quantum computers may/may not break the current cryptocurrency security.
https://endthefud.org/tech

smartaction

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Crypto-currency is a blockchain based technology. Cryptocurrency especially Bitcoin is a peer to peer network that people can easily use and people have easily believed in crypto survival and it is now the most expensive currency in the world so I do not think that Bitcoin or any other alternative to cryptocurrency could ever come. But it may be that more new technologies will come in the future but they will have to be cryptocurrency related. Otherwise they will not gain popularity

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In my opinion, these encryptions can be decrypted with quantum computers, because they are really fast. But I think there will be a solution to this, they can model much more secure wallets, which I think they are even working on. There will be such unhackable hardware wallets in the coming years. Technology does not only develop unilaterally, it follows each other. So I'm totally comfortable with it, you don't have to think about it.

oemar bakrie

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if according to my understanding nothing can kill crypto because crypto technology will automatically follow steps that can save crypto but technology that can hack private systems that own crypto will all exist. because the value of crypto assets is very.high so it requires security in order to save crypto the assets.

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Are you talking about quantum computers? theoretically it can break bitcoin's SHA-256. However, we all know that bitcoin could be one step ahead of the game. If quantum computers would be available in the next 10-20 years then perhaps the devs are going to make it more hack proof in the future. Besides it can only hack a bitcoin address if it knows the public key, as far as I know.

There is a good thread about it here; https://bitcointalksearch.org/topic/i-dont-believe-quantum-computing-will-ever-threaten-bitcoin-5157696

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

Also I heard that super computers can get through all crypto wallet keys easily in a matter of days, true or false?

Cryptocurrencies are still in a very early stage I would say since it is not yet widely adopted.
If a new technology is developed it only means that a new form of payment method/trading asset is created.
I am pretty much sure that it will not be quickly adopted since cryptocurrencies itself is still not widely adopted.
By the time the new tech is evolved, new projects will emerge in the crypto sphere which will tackle the new tech being developed.
We will also get enough time to evaluate which technology is better and potential in the long term and will get ample amount of time to switch over.
It is quite obvious that if the new tech is far better than cryptocurrencies then people will move over to it.
But I hardly think there will be a new tech in the next 20 years which will be able to surpass cryptocurrencies.

toast

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This might not kill crypto in an instant and if there will be a new technology probably it can be the continuation of the cryptocurrency and probably another step for us for new type of currency but I think for now we can't just think of it and lets enjoy what we have now since the projects and technologies today keeps improving and improving and it's not a bad sign but a good sign that we are evolving and improving.

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Quote from: LostEcho on January 26, 2022, 06:06:14 AM

The world of technology is evolving every year what if in future a new tech is been born that can kill crypto or works better than crypto won't this kill cryptocurrencies?

If tech evolves, you can also expect the protocols to evolve. Even Bitoin, the one called ancient tech by altcoin enthusiasts, keeps improving. If I'm not mistaken, it has the most active community of developers. If you want, you can also check the many Bitcoin Improvement Proposals (BIP).

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