Comment on Over 2 percent of the US’s electricity generation now goes to bitcoin
TypicalHog@lemm.ee 5 months agoOh yeah, Quantum computing won’t ruin crypto. Cardano already has plans to transition to quantum resistant crypto primitives. We just need to wait for some standards to form around which algorithms should be used in the future instead of current ones. I’m not worried about quantum computers at all.
dhork@lemmy.world 5 months ago
Oh, I have confidence that we can develop quantum-resistant crypto. My concern is in the governance of all the projects. Cardano seems to be in good shape, but it put some thought into how to make decisions that have at least some community involvement. But the market is driven by BTC mainly, and they have some issues in how they run themselves.
makeasnek@lemmy.ml 5 months ago
BTC’s protocol has gotten steady, incremental improvements for 15 years without a single hour of downtime. Lightning was deployed a few years ago and continues to grow each year. Migration to quantum-resistant algorithms is in the interest of all parties who use the system including miners, banks, hedge funds, developers, users, etc. It’s a very easy problem compared to other questions they faced around blocksize, taproot, etc.
TypicalHog@lemm.ee 5 months ago
I lost hope in Bitcoin because of this. It doesn’t seem like it can evolve and develop. And holders don’t have a say, just miners and devs. I like Cardano because it’s actually trying and cares. It will transition to a full on-chain governance this year most likely.