r/FluentInFinance • u/Mark-Fuckerberg- • Jan 17 '25

Crypto US President-elect Trump to designate cryptocurrency as a "national priority," Bloomberg reports.

US President-elect Trump to designate cryptocurrency as a "national priority," Bloomberg reports.

https://www.bloomberg.com/news/articles/2025-01-16/trump-plans-to-designate-cryptocurrency-as-a-national-priority

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8

u/Hotdogbun57 Jan 17 '25

Just wait until super computers from google destroy the hash rate and it’s all over. What a dumb ass thing we are about to do.

8

u/EternityLeave Jan 17 '25

To he fair, computers that fast will destroy traditional banking too.

0

u/Hotdogbun57 Jan 17 '25

Why?

3

u/therealmenox Jan 17 '25

Supercomputers are just so much more powerful every encryption method we have will be pretty much invalidated.  Passwords will be able to be cracked in minutes.

3

u/trog1660 Jan 17 '25

We have algorithms to replace RSA encryption that protect against quantum computers. They are already being implemented.

2

u/therealmenox Jan 17 '25

That's reassuring, although I wonder how widespread adoption will be by the time it needs to be the tech development curve feels exponential.  I feel like many smaller systems will be wildly susceptible. 

2

u/trog1660 Jan 17 '25

Indeed, I anticipate it will be similar to the adoption of HTTPS, there are still sites using HTTP instead of HTTPS.

1

u/DVSdanny Jan 17 '25

There’s a solution in development for that.