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<p>[QUOTE="Prime Mover, post: 2662863, member: 38783"]This pretty much sums up the arguments against quantum computing affecting pretty much any cryptocurrency today. And, just like when the CPUs moved to GPUs and GPUs moved to ASICs, more computing power is just another step in the game.</p><p><br /></p><p>The main difference to realize is that crypto currencies use computing power to solve a _very specific_ mathematical problem, and which is why ASICs are good - they are sole-purpose built to work on the algorithm (SHA-256 for Bitcoin and clones and Scrypt for Alts like Litecoin and clones, and whatever comes next).</p><p><br /></p><p>With each launch of the next "nuclear arms" in the race, the software has adapted. There's a reason for the 10-minute block confirms, and there's a reason there's an auto-adjusting "difficulty". Amongst things it is to slow down the possibility of hijack and allow mechanisms to adjust in proper time to an ever-changing ecosystem.</p><p><br /></p><p>I keep saying it, but I can't say it enough - you need to understand the mechanism of the space, from all angles, to understand whether it's possible to enter into said space as an investment and hope to make money.[/QUOTE]</p><p><br /></p>
[QUOTE="Prime Mover, post: 2662863, member: 38783"]This pretty much sums up the arguments against quantum computing affecting pretty much any cryptocurrency today. And, just like when the CPUs moved to GPUs and GPUs moved to ASICs, more computing power is just another step in the game. The main difference to realize is that crypto currencies use computing power to solve a _very specific_ mathematical problem, and which is why ASICs are good - they are sole-purpose built to work on the algorithm (SHA-256 for Bitcoin and clones and Scrypt for Alts like Litecoin and clones, and whatever comes next). With each launch of the next "nuclear arms" in the race, the software has adapted. There's a reason for the 10-minute block confirms, and there's a reason there's an auto-adjusting "difficulty". Amongst things it is to slow down the possibility of hijack and allow mechanisms to adjust in proper time to an ever-changing ecosystem. I keep saying it, but I can't say it enough - you need to understand the mechanism of the space, from all angles, to understand whether it's possible to enter into said space as an investment and hope to make money.[/QUOTE]
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