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>Blockchain stuff is pretty useful and interesting, though it could all fall apart with some breakthrough in crypto. At this point it seems unlikely that a bre
by EthanHeilman 9y ago
>Blockchain stuff is pretty useful and interesting, though it could all fall apart with some breakthrough in crypto.
At this point it seems unlikely that a breakthrough in crypto could kill blockchains without killing nearly all of modern cryptography. For instance we can build blockchains which are secure even against quantum computers. We can build blockchains that make no number theoretic assumptions using only secure hash functions. Any technique which can break all techniques we have of inventing hard to solve problems (i.e. cryptography), would have a massive impact on technology.
A breakthrough in crypto that would destroy blockchains is much more likely to be a technology which is significantly better than a blockchain for what we want to do with blockchains. That would also be a exciting result.
- scottlocklin 9y agoI was thinking something along the lines that hashing proofs aren't very rigorous. I mean, it all looks pretty good, and I have no idea how to break this stuff (not my department), but some weird topology guy could wake up one day and discover that hashes aren't as good as they looked.