RE: Showing Pantless
You are viewing a single comment's thread:
Which leads us to an interesting situation. For BTC to upgrade, they'll need a hard fork.
Yeah, I don't know how this works, but one of the things I reckon needs to be sorted is legacy issues. The technology is changing, but if these chains are stores of value, then it should be able to be stored for a very long time without becoming trapped. I have lost a lot over the years because of changes in chains etc.
Alternatively... at that point, do hackers ignore blockchain and just attack financial institutions that haven't upgraded and ransack capital/equity markets instead?
I think that this is going to happen anyway. The incentive is already very high, and getting higher.
In which case we're in Mad Max days without electricity anyway. At which point no other advice is needed except 'find food'.
Yep. As I say, in the case of a nuclear war - I hope they drop the bombs directly on my house.
I was looking through potential usecases and there was nothing mind-blowing. The main one was "financial modelling" :D
Financial modelling? Hahaha, really? That does not seem worth the investment in quantum computing. I've seen usecases like materials and drug development, but really anything that needs a ton of compute to work out should benefit. I think it'll be one of those situations where once people get access to quantum, usecases we never dreamed of will start to arise.
Koinos, the blockchain developed by ex-Steemit devs, worked out the legacy issue. Their blockchain framework can be upgraded by implementing new system smart contracts instead of requiring a hard fork. I'm not confident Bitcoin will be able to ever fix this problem with its architecture.