Those failed coins intrinsic value was getting rich quick which is a low value long term. Their actions were not the same as their pitch so people sold. You have to look at the past actions of the crypto. Did they follow through with their goals? Do their goals align with yours?
If people think the crypto has value and there is scarcity, then it'll increase in value. If goals are not met or actions taken that say otherwise then the crypto is not valuable.
If the crypto is not being developed on anymore, then it is dead.
Bitcoin has enough money and enough means to get a quantum proof encryption going and it'll probably be a variant of Algorands. Whether Bitcoiners vote for and accept the change is a different matter. Whether they can do it in time is doubtful in my opinion but not to others.
As far as I'm aware there is not any major effort being taken to make a quantum proof encryption for Bitcoin and it'll definitely take a major effort because Bitcoin can be a pain to work with from what I've been told.
The Bitcoin community is known for being stubborn to change and very opinionated to the point that failed votes on changing Bitcoin protocol become new forks like Bitcoin Cash, Bitcoin Satoshis Vision, etc and splinters the developer community.
If the main Bitcoin chain hasn't changed by the time the quantum computers start coming more in prominence you'll either have a quamtum-proof Bitcoin fork that you will have an equivalent amount of in your wallet or you'll need to look for a decent crypto that has made the change to quantum proof and sell your Bitcoin for that.
While there's a lot of positives with Bitcoin there's also a lot of negatives long term imo so I don't keep a lot of it. But that's my own opinion, do your own research and look into it for yourself. Bitcoin is doing very well at the moment and it is of course the King as of now.
Those failed coins intrinsic value was getting rich quick which is a low value long term. Their actions were not the same as their pitch so people sold. You have to look at the past actions of the crypto. Did they follow through with their goals? Do their goals align with yours?
If people think the crypto has value and there is scarcity, then it'll increase in value. If goals are not met or actions taken that say otherwise then the crypto is not valuable.
If the crypto is not being developed on anymore, then it is dead.
Bitcoin has enough money and enough means to get a quantum proof encryption going and it'll probably be a variant of Algorands. Whether Bitcoiners vote for and accept the change is a different matter. Whether they can do it in time is doubtful in my opinion but not to others.
As far as I'm aware there is not any major effort being taken to make a quantum proof encryption for Bitcoin and it'll definitely take a major effort because Bitcoin can be a pain to work with from what I've been told.
The Bitcoin community is known for being stubborn to change and very opinionated to the point that failed votes on changing Bitcoin protocol become new forks like Bitcoin Cash, Bitcoin Satoshis Vision, etc and splinters the developer community.
If the main Bitcoin chain hasn't changed by the the quantum computers start coming more in prominence you'll either have a quamtum-proof Bitcoin fork that you will have an equivalent amount of in your wallet or you'll need to look for a decent crypto that has made the change to quantum proof and sell your Bitcoin for that.
While there's a lot of positives with Bitcoin there's also a lot of negatives long term imo so I don't keep a lot of it. But that's my own opinion, do your own research and look into it for yourself.
Those failed coins intrinsic value was getting rich quick which is a low value long term. Their actions were not the same as their pitch so people sold. You have to look at the past actions of the crypto. Did they follow through with their goals? Do their goals align with yours?
If people think the crypto has value and there is scarcity, then it'll increase in value. If goals are not met or actions taken that say otherwise then the crypto is not valuable.
If the crypto is not being developed on anymore, then it is dead.
Bitcoin has enough money and enough means to get a quantum proof encryption going and it'll probably be a variant of Algorands. Whether Bitcoiners vote for and accept the change is a different matter. Whether they can do it in time is doubtful in my opinion but not to others.
As far as I'm aware there is not any major effort being taken to make a quantum proof encryption for Bitcoin and it'll definitely take a major effort because Bitcoin can be a pain to work with from what I've been told.
The Bitcoin community is known for being stubborn to change and very opinionated to the point that failed votes on changing Bitcoin protocol become new forks like Bitcoin Cash, Bitcoin Satoshis Vision, etc.
If the main Bitcoin chain hasn't changed by the the quantum computers start coming more in prominence you'll either have a quamtum-proof Bitcoin fork that you will have an equivalent amount of in your wallet or you'll need to look for a decent crypto that has made the change to quantum proof and sell your Bitcoin for that.
While there's a lot of positives with Bitcoin there's also a lot of negatives long term imo so I don't keep a lot of it. But that's my own opinion, do your own research and look into it for yourself.