Blockchain Will Become “Obsolete” Says George Friedman

George Friedman, a respected geopolitical forecaster, believes that blockchain technology will become ‘obsolete’ over time. 
Can Blockchain Encryption Be Broken Through Quantum Computing?
George Friedman’s negative attitude shown towards blockchain technology has proven to be rather unpopular. Most critics of Bitcoin and other cryptocurrencies have yet to turn their skepticism to blockchain technology, as these critics believe that blockchain is still a revolutionary technology.
According to a CNBC account of a discussion with Friedman, he adamantly said:

“I’ve never known any encryption technology not to be broken.”

A common fear in the cryptocurrency community is that quantum computing will break blockchain once and for all.
However, some scientists have said that quantum computing is not as powerful and accessible as the media makes it out to be.
There are probably less quantum computers in our world today than the fingers on your hand. Current quantum computers require temperatures near absolute zero (-273 Celcius) to run effectively, destroying any possibility of consumer quantum chips anytime soon.
Additionally, scientists have been slow in the development of quantum technologies, with a lack of milestones and goals to show for it.
Bitcoin has a simple, …

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