US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows
https://coinmarketcap.com/academy/article/%20us-quantum-investment-bitcoin-risk
US Pumps $2B Into Quantum as Bitcoin Encryption Risk Grows
https://coinmarketcap.com/academy/article/%20us-quantum-investment-bitcoin-risk
11 Comments
>Quantum security firm Project Eleven warned in a recent report that a computer capable of breaking that encryption could arrive as early as 2030. Google researchers have separately said that future quantum systems may require fewer qubits than previously estimated to crack modern cryptography. Both findings have accelerated concern among blockchain developers.
Anyway, all those experts know shit. It’s FUD am I right? Banking sector will have a big problem too /s
Edit: Since this myth gets posted in every thread: No, the banking sector will not be the first effected. Encryption in software is easy to fix, you can even buy time by using longer keys. Fixing a blockchain is a whole different problem and BTC uses “only” 256 bit ECC.
The quantum race is becoming a serious long term conversation for crypto.
IF (big if) true, banks will be in trouble way before. Plus quantum could also help to raise security standards in crypto. So just another pump for some tech companies to make the economy „grow“
Unless you are satoshi or were around that time with legacy coins from the first few years still not moved then you have pretty much nothing to worry about. This is just bear year bullshit by the same people that pushed Epstein made bitcoin bullshit a few months ago
We like it
Feels like the real motivation is to get access to Satoshi’s wallet.
US pumping billions into quantum shows theyre getting serious about the encryption threat to Bitcoin time to think about quantum resistant solutions ahead
The fight is on. They hate Bitcoin’s guts.
They dont want the strategic reserve or any adoption with it whatsoever. They love printing fiat and want to keep their ponzi fiat party going.
F the US gov, F the big banks, F Wallstreet.
They’re not going to change and were never planning to.
We’re on our own. We HAVE to accept this.
EDIT: To all you Stockholm syndrome fiat cucked boys, you guys need to seriously WAKE THE F UP!
I’m sure quantum computing has a lot more value than a $2trillion dollar crypto grift. Quantum computing tied with ai technology and you’ll see humanoids doing everything we’re trying to teach them now overnight. The $100 trillion dollar labor industry is more a motivator. The solutions to every problem is a motivator. Crypto is pocket change
So if quantum computing becomes a thing, I think we will have more things to worry about than just crypto vulnerability. Also Bitcoin (and crypto in general)’s whole thing is security….once that’s lost, it’ll become valueless
Read it and weep FUD bots. Anyone who’s peddling quantum FUD needs a perma ban for being an idiot troll.
https://bitcoin.stackexchange.com/questions/6062/what-effects-would-a-scalable-quantum-computer-have-on-bitcoin
https://arxiv.org/abs/1710.10377
https://www.schneier.com/blog/archives/2018/09/quantum_computi_2.html
https://www.forbes.com/sites/rogerhuang/2020/12/21/heres-why-quantum-computing-will-not-break-cryptocurrencies/?sh=24a95b3c167b
https://mattdf.xyz/why-quantum-computing-will-take-another-50-years
https://scottlocklin.wordpress.com/2019/01/15/quantum-computing-as-a-field-is-obvious-bullshit/