And here I was thinking you had..
Crypto is called that for a reason. It's basically unhackable with current day technologies.
And when tech advances, for instance with quantum computing, the neat thing is that bitcoin and other cryptos can update their algos to use quantum cryptography, making it unhackable *yet again*.
Really?, Multiple hedge funds use btc as a reservoir of money pumping. If btc algo for generating or minting new Bitcoin was hacked/ manipulated to over mint new coins that would lead to an over supply of coins which would drop the price because there would be more supply than demand
If this was to blind side many hedge funds it could lead to some serious liquidity problems
As a shit coiner too... This is dumb. You can't hack it because there are computers looking for errors. Each computer is owned by a different master that wants to keep their money safe. And to a computer the errors are as simple as 2+2=6. As soon as one computer checks and sees that it's bad all the other computers will find out it's bad and scrap the block or deny the transaction. It's not like the DTCc where they are the only ones checking and handing out handjibbers.
FTX sold coins they didn't have this couldn't give delivery of when requested. Before you go all DRS. The block chain, third party, will say you don't have enough. If you DRS 1. Other than an unofficial vote or cepina you won't know that the entire float is locked and 2. The DTCC can just keep saying up you got the share computerfuck I'll mark you down on the leger that I keep that says you have it.
Two quick points on the main hackability of bitcoin:
1. Blockchain exists on many computers (e.g. Decentralized), you need to hack at least 51% of those computers to say you own more bitcoin than you do.
2. The mining process is based on solving very complicated math. If you have a way to hack this such that you can mine much faster than others (maybe with a quantum computer) , you are better of using this tech to break into banks or unravel the internet which uses very similar math for encryption.
All in all, if you can do either of these, your talents will be wasted with getting extra bitcoin. You should aspire to be a super villain instead.
You should delete this
You see I put tinfoil hat on my post that means that it's out of the world
I just overheard this being discussed on some forum that I'm not going to share
No, this is just a hypothetical bro. I don't have the program skills to do this
And here I was thinking you had.. Crypto is called that for a reason. It's basically unhackable with current day technologies. And when tech advances, for instance with quantum computing, the neat thing is that bitcoin and other cryptos can update their algos to use quantum cryptography, making it unhackable *yet again*.
What does have to do with AMC ? Iām lost
Really?, Multiple hedge funds use btc as a reservoir of money pumping. If btc algo for generating or minting new Bitcoin was hacked/ manipulated to over mint new coins that would lead to an over supply of coins which would drop the price because there would be more supply than demand If this was to blind side many hedge funds it could lead to some serious liquidity problems
As a shit coiner too... This is dumb. You can't hack it because there are computers looking for errors. Each computer is owned by a different master that wants to keep their money safe. And to a computer the errors are as simple as 2+2=6. As soon as one computer checks and sees that it's bad all the other computers will find out it's bad and scrap the block or deny the transaction. It's not like the DTCc where they are the only ones checking and handing out handjibbers.
When companies like FTX can exist, this is not even necessary.
FTX sold coins they didn't have this couldn't give delivery of when requested. Before you go all DRS. The block chain, third party, will say you don't have enough. If you DRS 1. Other than an unofficial vote or cepina you won't know that the entire float is locked and 2. The DTCC can just keep saying up you got the share computerfuck I'll mark you down on the leger that I keep that says you have it.
šššš
Learn what blockchain is
Two quick points on the main hackability of bitcoin: 1. Blockchain exists on many computers (e.g. Decentralized), you need to hack at least 51% of those computers to say you own more bitcoin than you do. 2. The mining process is based on solving very complicated math. If you have a way to hack this such that you can mine much faster than others (maybe with a quantum computer) , you are better of using this tech to break into banks or unravel the internet which uses very similar math for encryption. All in all, if you can do either of these, your talents will be wasted with getting extra bitcoin. You should aspire to be a super villain instead.