3 ms·
Bitcoin collapsing would be funny, in hindsight. Probably a pretty emotional event for some in the moment. But banking is already not that secure. Credit cards
by gonzo41 6y ago
Bitcoin collapsing would be funny, in hindsight. Probably a pretty emotional event for some in the moment.
But banking is already not that secure. Credit cards suffer from massive ongoing fraud. Especially in places like the USA where chip systems are less common.
- ashtonkem 6y agoThere is still a pretty sizable difference between “a patchwork system that fails a lot in small ways” and “you can’t use a computer for anything financial, ever”.
- deleted 6y ago[deleted]
- vmception 6y agoI get the impression that the community would have enough consensus for a snapshot at a certain block number, and continue the chain with new quantum resistant keys I think for the attacker with a quantum computer, they will need to steal low amounts for a long time so that people brush other user’s missing funds off as user error But these investigations often do quickly give users the benefit of the doubt so I would see the network being at high alert really quickly
- cocoa19 6y agoChip is fairly common nowadays in the USA. Fraud liability was shifted from card brands to retailers if they don't support chip. That was a big deal to start supporting it.