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I think this is a pretty dishonest way of framing it. It's not just bitcoin, our entire system for secure communications across the internet (SSL/TLS etc.) is b
by semi-extrinsic 9y ago
I think this is a pretty dishonest way of framing it. It's not just bitcoin, our entire system for secure communications across the internet (SSL/TLS etc.) is built on the assumption that P≠NP.
If someone were able to prove P=NP and come up with a practical exploit that made bitcoin valueless, it would also spell instant death for Ebay, Paypal, Amazon and a few hundred other small companies. Not to mention that all internet banking would have to be taken down very quickly.
In summary, it would be such a huge shock to the economies in all industrialised countries that it would make the 2012 financial crisis look like a minor inconvenience. Nobody would be concerned with "ah shit, my BTC is valueless", they'd be concerned with "ah shit, there's a run on the banks to get physical money and I will probably starve."