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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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Crypto in a nutshell… you think ya know but ya don’t know…
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Poster Handle
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Anonymous Coward |
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Post Content
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Bitcoin is super DE-centralized, and a bulletproof store of value (for long term HODLers, not silly day traders.) Many other cryptos ARE centralized, though (like ETH), so be careful out there. ETH could be destroyed fairly easily, even though it is the premier development platform (not currency.) It is almost inconceivable that BTC could be wiped out, though. Only a cabal of trillionaires could summon the necessary computing power to make a 51% attack on BTC. Even if such a cabal existed, they are probably benefiting from it, so it's a vanishingly unlikely scenario.  It would take about an hour to completely wipe out nearly all crypto. Once someone has provably broken the 25519 cryptography that secures the blockchain and moved a few wallets around (don't need to steal anything) and posted a digitally signed message with the genesis block private key, it's toast. You will have 100% selling and no buyers. Where does that take the price? ZERO, it's intrinsic value. Play chess, not checkers. This will happen when they decide it happens. 
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