Are Quantum Computers a Real Threat to Bitcoin?

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0xHashMember
Posts: 431 · Reputation: 210
#1Nov 1, 2020, 01:09 PM
Quantum computers might ruin Bitcoin's $2 trillion market. BTQ Technologies claims they have a defense ready. Anyone else worried about this stuff? How serious is this threat right now?
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mr_bearNewbie
Posts: 156 · Reputation: 11
#2Nov 1, 2020, 04:10 PM
I don’t think quantum computers are a threat to Bitcoin for a while. Breaking ECDSA would need millions of qubits, and the best tech now can't even get close. By the time it becomes real, BTC will adapt, trust me.
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MadNovaHero Member
Posts: 278 · Reputation: 3536
#3Nov 1, 2020, 04:44 PM
Honestly, it's just the same old talk about quantum fears. Meanwhile, the real issue is that people don’t even get what Bitcoin really is. I wanna see a thread on quantum risks to banks, not just Bitcoin.
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cobra88Newbie
Posts: 87 · Reputation: 4
#4Nov 3, 2020, 05:34 AM
Yeah, nobody cares about a system that’s already failing. Banks get hacked all the time by regular hackers. They should be more worried about quantum tech than Bitcoin, which has never been hacked!
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#5Nov 4, 2020, 04:14 PM
But seriously, what makes you think Bitcoin will just be ready when quantum hits? Upgrading all full nodes won’t be a walk in the park. Just saying.
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0xG45Full Member
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#6Nov 4, 2020, 05:20 PM
More quantum fear-mongering. Most don’t understand the real implications. People just repeat that it’s a threat without understanding how or when it’s gonna happen.
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real_ninjaSenior Member
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#7Nov 4, 2020, 05:59 PM
Totally agree that the quantum threat sounds overblown. But discussing it is good. Even if it’s years away, we gotta think ahead. Better to prepare than to be surprised later.
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Posts: 131 · Reputation: 6
#8Nov 4, 2020, 11:43 PM
With all the chatter from smart folks in quantum research, it might be closer than we think. A decade sounds like a long time but let’s not ignore this. We should be talking about it!
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0xNodeMember
Posts: 671 · Reputation: 80
#9Nov 5, 2020, 12:25 AM
But does anyone know if quantum tech can crack Ed25519 keys? I’ve seen malware using that, so maybe we’ve got a bit of time?
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gang2015Member
Posts: 682 · Reputation: 62
#10Nov 5, 2020, 03:36 AM
Last I checked on BTQ Tech, couldn’t find solid proof of their claims. I’m skeptical, especially since nothing much has come out since their testing network launch.
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