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Topic: Bitcoin invented by the US - SHA-256 decodable Quantum Computers (Read 223 times)

member
Activity: 476
Merit: 88
Online Cryptocurrency Exchange
We had a chance to talk to IBM representatives showing the prototype quantum computer at Websummit 2018 in Lisbon.

Theoretically,
Quantum Computers are capable to do so, but not now (insufficient computing power). So then in the next 10-15 years, this could be possible.
But.
But quantum computing solutions for blockchain industry are being developed as you can read that. Therefore, once there will be SHA-256 decodable devices available, there will be as much advanced protection measures and solutions available, so then we are basically going back to the starting point.
The whole environment is gradually evolving, we are not staying at the same place for decades.
full member
Activity: 875
Merit: 125
What are your thoughts on the following:

1. As does the Internet invented by the US Military so does Bitcoin by some US agency (Federal Reserve, CIA or NSA,...)  to have a cashless society and to counter the Dollar's declining World Dominance and value that cannot be sustained anymore.

2. Even the US Banks, whatever Group will accelerate this process for people to drive them into buying bitcoin and exchange all their money into crypto.
3.. Greed as stated in the bible will drive people into exchanging all their assets into crypto.

Ecclesiastes 11:1-2: Invest your money in foreign trade, and one of these days you will make a profit. Put your investments in several places – many places even – because you never know what kind of bad luck you are going to have in this world.

The Book of Revelation 13:16-17: And he causes all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.


4. Once crypto-currence will be mass used as a new form of payment and their assets exchanged due to the fact the dollar's value has plumeted , SHA-256 will be able to be decoded through the use of Quantum Computers on Android or other devices by the NSA and people's transactions read and in realtime.

I don't really think it's true because the nature of Bitcoin is absolutely opposite of how US wants the world economy to be. Except for individuals, US has no any profit to gain from the Bitcoin or crypocurrency while states like Russia and the the than ISIL are using and used it for their benefits.
newbie
Activity: 30
Merit: 0
What are your thoughts on the following:

1. As does the Internet invented by the US Military so does Bitcoin by some US agency (Federal Reserve, CIA or NSA,...)  to have a cashless society and to counter the Dollar's declining World Dominance and value that cannot be sustained anymore.

2. Even the US Banks, whatever Group will accelerate this process for people to drive them into buying bitcoin and exchange all their money into crypto.
3.. Greed as stated in the bible will drive people into exchanging all their assets into crypto.

Ecclesiastes 11:1-2: Invest your money in foreign trade, and one of these days you will make a profit. Put your investments in several places – many places even – because you never know what kind of bad luck you are going to have in this world.

The Book of Revelation 13:16-17: And he causes all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: and that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

4. Once crypto-currency will be mass used as a the leading currency and all people's  assets exchanged due to the fact the dollar's value keeping on plumeting , SHA-256 will be able to be decoded through the use of Quantum Computers on Android or other devices by the NSA and people's transactions read and in realtime therefore not only owned by yourself but any party with the decoding ability.



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