Bitcoin ASIC

Poor genetics and savage beatings from my father have left me with a brain that only functions at 20% of the level that most people operate with. With that in mind, please use small words to explain to me the consequences that this whole ASIC thing will have on Bitcoin. Also, how many Butterfly Labs 15,000Mh/s thingies have you preordered?

>>36
The value will be destroyed if the hash algorithm is broken by advances in hardware. A quantum computer or a supercomputer cluster with millions of these ASICs might be able to overpower the rest of the Bitcoin community. Aluminum used to be more valuable than gold, but then a cheap process was discovered and its value collapsed.