RE: What happens if China decides to lift its ban on Cryptocurrency Exchanges?

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What happens if China decides to lift its ban on Cryptocurrency Exchanges?

in bitcoin •  7 years ago 

There is nothing that can stop cryptocurrencies in the long run, only short downswings are possible at this point...

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Well, some random PhD student might actually crack the encryption, which holds this altogether, in which case everything will get fucked. It's all being held together by a simple maths concept, which is difficult to be reversed. Give it 5-10 years and someone will crack it in computational time and the Cloud is going to burn for a bit (and maybe cryptos too).

That could happen only under the assumption that technology will stay stagnant.