[Cryptography] bitcoin is a tour-de-force, time to re-read Eric Hughes cypherpunks manifesto

[Tom Mitchell]

On Sat, Jan 2, 2021 at 2:43 PM Adam Back <adam at cypherspace.org> wrote:
>
> I'm firmly with Matt on this. Most networks are built in layers -
> TCP/IP, GSM, etc. and it so happens that decentralised, censorship
> resistant ecash is fundamentally hard to scale with current
> technology, ....
....
> Bitcoin is a tour-de-force.

> I think Bitcoin is basically a new hope for humanity, and am frankly a
> little bemused that a number of commenters sound like a bunch of
> nocoiner journalists - who don't want bearer ecash to work,

The single flaw is key security and attacks on key spaces.

A modest strategy is to generate multiple keys as quantum resistant as the
chain supports and move and split "old wallets".

Today it is too much like a debit card against a single bank account and suffers
from all eggs in one basket risk.  Not a technical problem but a human problem.

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