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Who is going to replace it? There is no central authority.
by xigoi 2y ago
Who is going to replace it? There is no central authority.
- nodoll 2y agoNone required. Once the vulnerability is known, everyone will be incentivized to migrate to the new coin.
- xigoi 2y agoSure, but you’ll lose all your existing money.
- nodoll 2y agoNo, the new coin will be exactly as valuable as Bitcoin, ensured by the community consensus. That is the whole point.
- IAmGraydon 2y agoYou clearly don't understand. Once the BTC cryptography is compromised, there is now way to prove chain of custody, so there is no way to prove who has how much bitcoin and assign it to a new coin. Literally, in an instant, the price of BTC goes to zero.