Could Bitcoin Fork to Address Quantum Threats?

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#1Jul 29, 2023, 06:16 PM
With quantum signatures potentially disrupting blockspace, could we see governance split leading to a hardfork as the best way forward?
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stacksatsHero Member
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#2Jul 31, 2023, 12:15 AM
Honestly, I'm kinda tired of hearing about quantum threats... Seems like every thread just circles back. Anyone else feel the same?
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#3Jul 31, 2023, 02:56 PM
Yeah a hardfork just for quantum concerns seems unlikely unless we’re facing an immediate cryptographic issue. Bitcoin usually opts for softforks and slow changes.
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planktonHero Member
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#4Jul 31, 2023, 07:21 PM
Seriously, how many times do we need to revisit this topic? Let's not relive the same discussion over and over.
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#5Jul 31, 2023, 09:58 PM
But wouldn’t a hardfork be needed if we want to introduce quantum signatures? Delaying changes won’t fix the congestion problems.
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dave.forkMember
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#6Jul 31, 2023, 10:51 PM
It’s gonna happen eventually, a hardfork towards a quantum-resistant algo. But questions remain: which algo, how long will it take, and what happens to coins at risk?
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BasedHashNewbie
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#7Aug 1, 2023, 01:50 AM
Yeah, not sure if the ETF hype will matter if the fork doesn't happen soon. I do think a softfork is more likely though.
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#8Aug 1, 2023, 07:39 AM
Bottom line, Bitcoin lacks a clear route to quantum resistance. All we can do is slow down the impact, but it's still coming.
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alexsatNewbie
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#9Aug 1, 2023, 10:00 AM
If quantum signatures are introduced, they don't have to be mandatory immediately. We can make them optional until things get critical.
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dave.forkMember
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#10Aug 1, 2023, 03:55 PM
But what if they don't need to apply Shor’s algorithm in under 10 minutes? The bigger concern is reusing addresses. That’s a serious vulnerability.
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#11Aug 3, 2023, 03:23 AM
Delaying congestion doesn’t solve the ultimate blockspace issue. Custodians and exchanges will adapt quickly anyway. Bitcoin needs to keep up with other chains.
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atomicguruFull Member
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#12Aug 5, 2023, 01:36 AM
Hardforks seem attractive in theory, but Bitcoin usually opts for continuity. Many value stability over radical changes.
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#13Aug 5, 2023, 07:16 AM
But if there's no solid consensus, isn’t a hardfork likely? Otherwise, we just kick the can down the road.
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alexsatNewbie
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#14Aug 5, 2023, 09:14 AM
I think Ethereum and other PoS chains are risking more with quantum threats. Bitcoin's UTXO model might give it an edge.
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stacksatsHero Member
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#15Aug 5, 2023, 05:16 PM
Altcoins are definitely more exposed to attacks due to smaller networks. If they can’t deal with 51% attacks, can they handle quantum threats?
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#16Aug 5, 2023, 10:50 PM
Most altcoins can and will adapt faster than Bitcoin. They’ve already proven they can change quickly when needed.
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alexsatNewbie
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#17Aug 6, 2023, 05:09 AM
But, if Bitcoin becomes too congested, it might just turn into an institutional asset, not what Satoshi envisioned.
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gang2015Member
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#18Aug 6, 2023, 08:52 AM
The softfork strategy could work, but it’s more complex and might not be accepted. Hardforks could be more straightforward.
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#19Aug 8, 2023, 05:42 PM
But that’s risky, isn’t it? Any hardfork means some miners could lose out. We need community consensus for that.
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alexsatNewbie
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#20Aug 9, 2023, 10:17 AM
Exactly. If Bitcoin loses accessibility, it’s just an institutional token at that point, not real Bitcoin.
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