/biz/ - Business & Finance

>>29069926
You realize that this would crash the global economy, not just crypto?

>>29070266
Yes.

>>29070266
the global economy will be fine as most of the world still uses md5...

>>29069926
BOBO GET AWAY FROM THOSE BIRDS, YOU DON'T KNOW WHAT YOU'RE DOING, THOSE ARE NOT NORMAL BIRDS!

>>29070575
It's psychological. Modern market valuations are jacked up premiums for future growth, which is 100% reliant on the future of encryption.

>>29069926
Let's supposed you're not a larping Bobo faggot, what cryptos would be immune to this?

>>29070730

XRP of course

>>29070922
Fuck off, I'll buy gold then.

>>29069926
>"A mass-murderer space rock happens about once every 30 million years on average. This leads to a probability of such an event occurring in the next second to about 10-15. That's 45 orders of magnitude more probable than the SHA-256 collision. Briefly stated, if you find SHA-256 collisions scary then your priorities are wrong.
>In a security setup, where an attacker gets to choose the messages which will be hashed, then the attacker may use substantially more than a billion messages; however, you will find that the attacker's success probability will still be vanishingly small. That's the whole point of using a hash function with a 256-bit output: so that risks of collision can be neglected.
>Of course, all of the above assumes that SHA-256 is a "perfect" hash function, which is far from being proven. Still, SHA-256 seems quite robust."
I saw this on a forum from 2010.
If the SHA-256 hash does have a collision, then I think everything would move to blockchain and smart contract for transparency and security purposes, right? So if BTC dumps then ETH/Chainlink would take over because they use SHA-3 and not SHA-256.
I know very little about crypto, but this is what I would assume at least.
Hope it happens desu

It's only a matter of time.

>>29069926
Lol what? Maximum bobo COPE