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?
Are Quantum Computers a Real Threat to Bitcoin?
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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.
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.
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!
k1ng_blockNewbie
Posts: 131 · Reputation: 6
#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.
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.
real_ninjaSenior Member
Posts: 29 · Reputation: 1699
#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.
k1ng_blockNewbie
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!
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?
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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