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The concern regarding the underlying crypto being broken unexpectedly is probably covered by the fact that if encryption of that level of adoption and trust was
by dotnet00 5y ago
The concern regarding the underlying crypto being broken unexpectedly is probably covered by the fact that if encryption of that level of adoption and trust was broken, Bitcoin breaking would be the least of the internet's issues.
For expected deprecations as technology progresses, it should be relatively easy to change algorithms and then fork the blockchain onto the new system, simultaneously phasing out the current one.
- alphabettsy 5y ago> it should be relatively easy to change algorithms and then fork the blockchain onto the new system Like deprecating insecure and outdated TLS? Doesn’t seem like a good example. It’s really not the same level of vulnerability. A crypto failure that allows for reading or altering of communications in-flight as it’s used in TLS now has a significantly different impact than if someone is able to alter the source of truth.
- dotnet00 5y agoI assumed you were referring to the crypto within the blockchain's design itself becoming vulnerable. But if you're referring to more general vulnerabilities like with TLS, I'm not really sure how that's any different from the same being present on a traditional bank's site?