No encryption is unbreakable, and saying this shows you know nothing about encryption.
I program blockchain for a living. If you knew anything about encryption you would recognize my username is an indicator that I know a lot about encryption. There is not enough computing power in the universe to crack 256-bit ECC. It goes beyond limits of classical physics.
How is an open transaction log in anyway private?
Okay, the ledger is public, go ahead and tell me my crypto balance please. You can't because I use blockchain anonymously. You have no clue what my public address is, it doesn't matter that it's public or not. If I were to interact with your store as a customer I would simply first send my payment through a ZK-snarks or ring signature mixer thus completely obfuscating any connection to my main wallet, you will never be able to trace it back, the connection is severed through a statistical approach, it doesn't matter that it's public.
Again, "unbreakable" is a word you cannot use for encryption. It's the same as saying a lock that cannot be picked. Just because your imagination fails you doesn't mean it fails someone else.
What you don't know you don't know can still kill you.
security through obscurity
Great plan."You'll never find the needle in the haystack! It's a really big haystack!"
You need to calm down man... All I said is Bitcoin can't fall victim to inflation. It can't. I have no desire to debate about if money is only true money if it's backed explicitly by a metal and nothing else. That's your own prerogative, I have no comment.
Your cryptocurrency and the fiat dollar are an equivalent
No, because, as per the only argument I've been making is that cryptocurrency can not be inflated, it is a fixed supply. Fiat can be printed endlessly.
Bitcoin works without the world wide web, it's peer-to-peer. You don't need any government based internet.
Bitcoin doesn't need USDIC, it can't be lost. A "run on the bank" can't happen with Bitcoin. My coins are always tied to my private key, it doesn't matter what others do. And I do hold my private key in my hand for the record, I have it punched in a sheet of steel.
I program blockchain for a living. If you knew anything about encryption you would recognize my username is an indicator that I know a lot about encryption. There is not enough computing power in the universe to crack 256-bit ECC. It goes beyond limits of classical physics.
Okay, the ledger is public, go ahead and tell me my crypto balance please. You can't because I use blockchain anonymously. You have no clue what my public address is, it doesn't matter that it's public or not. If I were to interact with your store as a customer I would simply first send my payment through a ZK-snarks or ring signature mixer thus completely obfuscating any connection to my main wallet, you will never be able to trace it back, the connection is severed through a statistical approach, it doesn't matter that it's public.
I see what you did there.
You don't know who you are talking to either.
Again, "unbreakable" is a word you cannot use for encryption. It's the same as saying a lock that cannot be picked. Just because your imagination fails you doesn't mean it fails someone else.
What you don't know you don't know can still kill you.
Great plan."You'll never find the needle in the haystack! It's a really big haystack!"
Do you know what a ring signature is? It's plausible deniability, not obscurity.
Someone gets the goods.
Unless you're Santa Claus!
You need to calm down man... All I said is Bitcoin can't fall victim to inflation. It can't. I have no desire to debate about if money is only true money if it's backed explicitly by a metal and nothing else. That's your own prerogative, I have no comment.
No, because, as per the only argument I've been making is that cryptocurrency can not be inflated, it is a fixed supply. Fiat can be printed endlessly.
Bitcoin works without the world wide web, it's peer-to-peer. You don't need any government based internet.
Bitcoin doesn't need USDIC, it can't be lost. A "run on the bank" can't happen with Bitcoin. My coins are always tied to my private key, it doesn't matter what others do. And I do hold my private key in my hand for the record, I have it punched in a sheet of steel.