Crypto Currency Thread (Vol.2)
Discussion
andy ted said:
dimots said:
andy ted said:
its great until its only worth $2,000,000 by the time you land in Sydney!
Haha it might be worth more dollars it might be worth less. Dollars are very unreliable. But one thing you know for sure if they’re not printing any more Bitcoin while you travel!On a more serious question though having seen the news on John Mcafee got me thinking, assuming someone dies who was holding BTC and they never shared the key with anyone - are those BTC are gone forever? Could we end up with loads of BTC effectively out of circulation for ever as time goes by and more and more people end up in this situation limiting the supply?
Remember this guy who threw away a hard drive containing 7500 BTC
https://www.bbc.co.uk/news/uk-wales-55658942
Joey Deacon said:
andy ted said:
dimots said:
andy ted said:
its great until its only worth $2,000,000 by the time you land in Sydney!
Haha it might be worth more dollars it might be worth less. Dollars are very unreliable. But one thing you know for sure if they’re not printing any more Bitcoin while you travel!On a more serious question though having seen the news on John Mcafee got me thinking, assuming someone dies who was holding BTC and they never shared the key with anyone - are those BTC are gone forever? Could we end up with loads of BTC effectively out of circulation for ever as time goes by and more and more people end up in this situation limiting the supply?
Remember this guy who threw away a hard drive containing 7500 BTC
https://www.bbc.co.uk/news/uk-wales-55658942
Always have a laugh when that story comes up but that's just me being mean
Fentalogue chic said:
Like Satoshi's wallet...
When quantum computing is able to break encryption on these old wallets, there will be a race to 'steal' these coins. The theory is that there will be updates to the bitcoin code when this gets near so that people can upgrade their encryption, but these old wallets can't/won't be accessed so as soon as someone is able to break it, they can have the coins.s1962a said:
When quantum computing is able to break encryption on these old wallets, there will be a race to 'steal' these coins. The theory is that there will be updates to the bitcoin code when this gets near so that people can upgrade their encryption, but these old wallets can't/won't be accessed so as soon as someone is able to break it, they can have the coins.
Fantastic.Condi said:
s1962a said:
When quantum computing is able to break encryption on these old wallets, there will be a race to 'steal' these coins. The theory is that there will be updates to the bitcoin code when this gets near so that people can upgrade their encryption, but these old wallets can't/won't be accessed so as soon as someone is able to break it, they can have the coins.
Fantastic.Firstly, if quantum computing can break the encryption on those lost wallets then it can break it on ALL wallets, so the first to implement QC will be very rich indeed.
However, in reality there will just be a BIP improvement to move to a QC resistant encryption algorithm, and yes these exist already.
x5x3 said:
more FUD as usual on this thread.
Firstly, if quantum computing can break the encryption on those lost wallets then it can break it on ALL wallets, so the first to implement QC will be very rich indeed.
However, in reality there will just be a BIP improvement to move to a QC resistant encryption algorithm, and yes these exist already.
Depends how quickly though, some talk of in 5 years, so if someone developed a way, kept it quiet, they could loot old addresses without raising suspicion. If they could break encryption though they might not choose BTC to use it on.Firstly, if quantum computing can break the encryption on those lost wallets then it can break it on ALL wallets, so the first to implement QC will be very rich indeed.
However, in reality there will just be a BIP improvement to move to a QC resistant encryption algorithm, and yes these exist already.
jammy-git said:
I'm not sure you could keep that sort of thing quiet for very long, if you were actually using it.
Why ,Breaking the Enigma code, they kept it quiet from the Germans for years. And 25 odd years from the public.i forgot the name but there is an app or website that has broken some addresses, not Quantum computer though.
Edited by anonymous-user on Thursday 24th June 14:18
The Spruce Goose said:
jammy-git said:
I'm not sure you could keep that sort of thing quiet for very long, if you were actually using it.
Why ,Breaking the Enigma code, they kept it quiet from the Germans for years. And 25 odd years from the public.i forgot the name but there is an app or website that has broken some addresses, not Quantum computer though.
Edited by The Spruce Goose on Thursday 24th June 14:18
Compared to cracked enigma that only government employees of one nation would have access to in a time where not everyone even had a phone, and could only talk to people they actually knew.
If you've spent all that money to build a QC that can break any current traditional encryption, you're not going to mess around robbing small crypto wallets. Lets be honest. It's going to be a nation state and they'll almost certainly use it to steal state secrets, eavesdrop on communications, etc. And no doubt some of those huge crypto wallets (and other traditional bank accounts) will be in the firing line too.
Has anyone successfully manged to get Coinbase support to enable their account (when they've disabled it) and get back into the site/app?
I only ask, as they disabled my account back in April and I've not been able to get into it ever since.
This is after 4 support cases were raised and one complaint, which they've "resolved" today, but hasn't actually been resolved.
Next step is the Financial Ombudsman.
Or would anyone have the CEO email address, so i can traction from the top down, rather than try and work my way up.
I only ask, as they disabled my account back in April and I've not been able to get into it ever since.
This is after 4 support cases were raised and one complaint, which they've "resolved" today, but hasn't actually been resolved.
Next step is the Financial Ombudsman.
Or would anyone have the CEO email address, so i can traction from the top down, rather than try and work my way up.
bunchofkeys said:
Has anyone successfully manged to get Coinbase support to enable their account (when they've disabled it) and get back into the site/app?
I only ask, as they disabled my account back in April and I've not been able to get into it ever since.
This is after 4 support cases were raised and one complaint, which they've "resolved" today, but hasn't actually been resolved.
Next step is the Financial Ombudsman.
Or would anyone have the CEO email address, so i can traction from the top down, rather than try and work my way up.
Are you following these instructions?I only ask, as they disabled my account back in April and I've not been able to get into it ever since.
This is after 4 support cases were raised and one complaint, which they've "resolved" today, but hasn't actually been resolved.
Next step is the Financial Ombudsman.
Or would anyone have the CEO email address, so i can traction from the top down, rather than try and work my way up.
https://help.coinbase.com/en/coinbase/privacy-and-...
bunchofkeys said:
Has anyone successfully manged to get Coinbase support to enable their account (when they've disabled it) and get back into the site/app?
I only ask, as they disabled my account back in April and I've not been able to get into it ever since.
This is after 4 support cases were raised and one complaint, which they've "resolved" today, but hasn't actually been resolved.
Next step is the Financial Ombudsman.
Or would anyone have the CEO email address, so i can traction from the top down, rather than try and work my way up.
Kick up a fuss on Twitter, @ their CEO and include screenshots of the support emails you've had.I only ask, as they disabled my account back in April and I've not been able to get into it ever since.
This is after 4 support cases were raised and one complaint, which they've "resolved" today, but hasn't actually been resolved.
Next step is the Financial Ombudsman.
Or would anyone have the CEO email address, so i can traction from the top down, rather than try and work my way up.
bunchofkeys said:
Next step is the Financial Ombudsman.
You want to play in the deregulated world of crypto and then expect the regulator to be involved when an unregulated company in an unregulated industry doesn't do what you expect?
Anyone would think there was a reason rules, regulators and ombudsmen were created in the first place?!
Condi said:
You want to play in the deregulated world of crypto and then expect the regulator to be involved when an unregulated company in an unregulated industry doesn't do what you expect?
Anyone would think there was a reason rules, regulators and ombudsmen were created in the first place?!
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