Quote:
Originally Posted by afc wimbledon
Meanwhile Quantum Computing experts calculate that it will take a few decades for the Computing power to be available but Quantum computing's method of calculation mean they will be able to crack crypto transactions instantly making the whole enviroment less secure than a standard bank card with a pin of 1234
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Quantum Computing will change security as we know it, any article discussing this as a true downside to crypto-assets and not just a warning about the potential issues down the road is being a bit manipulative.
There is a huge risk that the projects don't update fast enough, Ethereum is a great example of developers who can't implement the critical needs and keep getting distracted by the new shiny. Whereas a corporation like a bank will tell their vendors, to fix this now and her is the stack of cash to fix it.
The greatest impediment that I see to crypto-assets being used as a currency is us, the humans, we forget our passwords ALL the time. Look at the constant articles over wire transfers being lost for months, at least the money is recoverable. With a lost authentication method, good luck.