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gwern comments on General Bitcoin discussion thread (June 2011) - Less Wrong
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That's not a bad thing. Bitcoin is going to have to be majorly upgraded with a new blockchain when SHA-256 is broken, and money is not the only scarce things to be decentralizedly allocated - I previously commented on Namecoin.
Bad thing or good thing, it makes a huge difference to the expected long-term value of a bitcoin, which is of interest to anyone thinking of holding bitcoins.