On the plus side everything in society will have to change. Because quantum computers will be able to decrypt personal password on anything... so there has to be huge changes... this is 5 to 10 years from now, so who knows what will happen.
Maybe the the march to the end of all privacy will not even stop at the private codes for the security of any currency, rendering the entire economic system worthless. It's the plot to 'Mr. Robot' but arrived at from a different path.
I think that's where biometric protections start to come in play more. But also, in my mind it brings about the larger issue. The validity of currency based on technology. Technology is ever changing, 5 years from now the technology for BTC will be even more dated and antiquated which is one of the reasons for the proposed fork in Aug. The point is it's going to be hard to have a currency based off of technology when every few years technology increases to the point that the technology from a couple years back becomes dated. Then again if we look at the dollar for example, the dollar has evolved against counterfeiting techniques over time, from the simple paper dollar to the ones we have today which modified the old tech to include the new tech. That is what is going to have to happen to cryptocurrencies in order to survive.
On the plus side everything in society will have to change. Because quantum computers will be able to decrypt personal password on anything... so there has to be huge changes... this is 5 to 10 years from now, so who knows what will happen.
Maybe the the march to the end of all privacy will not even stop at the private codes for the security of any currency, rendering the entire economic system worthless. It's the plot to 'Mr. Robot' but arrived at from a different path.
I think that's where biometric protections start to come in play more. But also, in my mind it brings about the larger issue. The validity of currency based on technology. Technology is ever changing, 5 years from now the technology for BTC will be even more dated and antiquated which is one of the reasons for the proposed fork in Aug. The point is it's going to be hard to have a currency based off of technology when every few years technology increases to the point that the technology from a couple years back becomes dated. Then again if we look at the dollar for example, the dollar has evolved against counterfeiting techniques over time, from the simple paper dollar to the ones we have today which modified the old tech to include the new tech. That is what is going to have to happen to cryptocurrencies in order to survive.
It sounds like what I thought it would be, a cryptocurrency arms race, in much the same way as the computer virus/antivirus arms race.