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RE: #8 – Bitcoin’s Value Is Derived From The Premise That It Is Un-Hackable - Similar To Boasting That A Boat Is Unsinkable Or Bunker Is Impenetrable. That Is A Dangerous Way Of Thinking As At Some Point Someone Is Going To Find A Way
The mathematical algorithm on which bitcoin is based-SHA256, doesn't have a proof that the only way to decrypt it is bruteforce. So if someone some how finds an algorithm which reduces the number of operations required to guess the key to something exponentially smaller, the bitcoin economy would collapse.