Topic: So what will happen to Bitcoin? - page 4. (Read 511 times)
What does Google reaching "Supremacy" have anything to do with Bitcoin? The quantum computer they are developing will not effect Bitcoin anymore than it will effect the banks of the world. Anyone claiming anything different is scare mongering and has a lack of knowledge about quantum computers and specifically the one that Google is developing. The Google quantum computer is not designed to mine Bitcoin or break the algorithm which Bitcoin uses. Even if we were to assume that the quantum computer could break the algorithm or mine Bitcoin then this would be the only quantum computer in the world that is capable of doing it and a change in algorithm which is quantum resistant would prevent any issues on that side and the difficulty of Bitcoin would be adjusted only slightly with one quantum computer in existence capable of shifting the network computation balance.
I read an article today on https://gizmodo.com What's Going to Happen With Bitcoin?
Some experts posted their views.
Here's my little non-expert view
So what will happen to bitcoin? Bitcoin's creators have been clear that they intend this to become a currency of the future and not a speculative investment at a time when the rest of the world was struggling with stock market crashes in 2008.
As noted elsewhere, It's also part of a worldwide trend toward digital money so it will continue and will survive.
The fact that the Bitcoin protocol has been around for a while means that it will continue to evolve. You bet.
This is one reason Bitcoin could easily become a global currency while staying true to its original intentions.
However, to what extent the cryptocurrency will evolve as a payment system depends on global acceptance.
But what about Google's claim to have reached quantum supremacy? History has shown us that the will of the people and the masses can never be suppressed by any new tech. Where there's a will there will always be a way.
What do you all think?
Some experts posted their views.
Here's my little non-expert view
So what will happen to bitcoin? Bitcoin's creators have been clear that they intend this to become a currency of the future and not a speculative investment at a time when the rest of the world was struggling with stock market crashes in 2008.
As noted elsewhere, It's also part of a worldwide trend toward digital money so it will continue and will survive.
The fact that the Bitcoin protocol has been around for a while means that it will continue to evolve. You bet.
This is one reason Bitcoin could easily become a global currency while staying true to its original intentions.
However, to what extent the cryptocurrency will evolve as a payment system depends on global acceptance.
But what about Google's claim to have reached quantum supremacy? History has shown us that the will of the people and the masses can never be suppressed by any new tech. Where there's a will there will always be a way.
What do you all think?
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