Could Quantum Computing Threaten Cryptography?

18 replies 109 views
m1kes4tFull Member
Posts: 167 · Reputation: 252
#1Dec 7, 2017, 06:39 AM
I don't think it's a big deal right now. Sure, quantum computing might be a concern in 15-20 years if cryptography stagnates. But if they adapt and innovate, it could be like Y2K, just hype with no real threat.
6 Reply Quote Share
0xDefiFull Member
Posts: 133 · Reputation: 317
#2Dec 7, 2017, 10:26 AM
Timing is everything. We’ve heard the doom and gloom about quantum computers breaking current encryption, but change isn’t going to happen overnight. Bitcoin will evolve, and devs can definitely implement quantum-resistant algorithms before it’s too late.
4 Reply Quote Share
0xSigmaHero Member
Posts: 88 · Reputation: 2072
#3Dec 7, 2017, 03:36 PM
Honestly, quantum computing isn’t a real threat yet. If it were, we’d see more attacks in the wild. Governments would be acting to restrict its development, like with AGI recently.
4 Reply Quote Share
Posts: 42 · Reputation: 43
#4Dec 7, 2017, 08:50 PM
I read somewhere that a bunch of big companies like Google and IBM are working on quantum tech. It's impressive, but they're still figuring it out. I also heard that America plans to ban ECDSA tech by 2030.
3 Reply Quote Share
planktonHero Member
Posts: 1284 · Reputation: 2049
#5Dec 8, 2017, 02:56 AM
There's still plenty of time for Bitcoin devs to switch to quantum-resistant algorithms. There are proposals out there, even if some are controversial. They just need to get together and find a solid solution.
1 Reply Quote Share
wagmiNewbie
Posts: 301 · Reputation: 14
#6Dec 8, 2017, 05:13 AM
Yeah, it’s a topic to keep an eye on, but Bitcoin’s holding up fine for now. It’s not like quantum computing is gonna break everything tomorrow.
5 Reply Quote Share
shrimpNewbie
Posts: 289 · Reputation: 20
#7Dec 8, 2017, 06:43 AM
The thing is, this quantum threat isn’t just for Bitcoin. It affects all data everywhere. Even military stuff isn’t safe. Companies will hold off on releasing quantum tech until they’re sure it’s safe.
2 Reply Quote Share
Posts: 47 · Reputation: 19
#8Dec 8, 2017, 12:14 PM
People are making it sound like the end is near for Bitcoin because of quantum computers, but I think that's overblown. If there's a real threat, we’ll see solutions proposed quickly. For now, the threat seems pretty theoretical.
0 Reply Quote Share
0xWhaleMember
Posts: 13 · Reputation: 88
#9Dec 8, 2017, 12:45 PM
Yeah, quantum computing poses a potential risk but it’s not an immediate issue. If it does become a problem, I trust Bitcoin can adapt.
0 Reply Quote Share
madhawkNewbie
Posts: 91 · Reputation: 21
#10Dec 8, 2017, 05:45 PM
You were saying it could be a threat in the future. But if Bitcoin can update, why wouldn’t this tech adapt? What’s your take?
4 Reply Quote Share
CalmMinerFull Member
Posts: 554 · Reputation: 784
#11Dec 8, 2017, 07:55 PM
Last month, Google Quantum AI published a paper suggesting that breaking Bitcoin’s encryption could take fewer than 500,000 qubits. That’s a big deal. If this scale of machine shows up, cracking a Bitcoin key could happen in mere minutes.
3 Reply Quote Share
serHero Member
Posts: 580 · Reputation: 2321
#12Dec 8, 2017, 08:19 PM
Quantum computers threaten much more than just Bitcoin. Experts are working hard to keep everything secure. Combining AI with quantum tech could be a nightmare for cybersecurity.
4 Reply Quote Share
laseryesSenior Member
Posts: 190 · Reputation: 1504
#13Dec 8, 2017, 09:12 PM
Exactly! Sure, it’s a potential threat down the line, but only if we don’t upgrade in time. Also, attackers could store encrypted data now and decrypt it later when they have a quantum computer.
5 Reply Quote Share
alt69Full Member
Posts: 62 · Reputation: 412
#14Dec 8, 2017, 11:26 PM
I’ve seen a lot of debates on this topic, but no one really knows what the future holds. Will quantum be a menace or will it strengthen the space? It’s all speculation at this point.
2 Reply Quote Share
king_nodeMember
Posts: 15 · Reputation: 213
#15Dec 10, 2017, 05:32 PM
Quantum computers are like a new form of tech that I doubt will be given to regular folks. They could threaten not just crypto but everything. Better to keep that tech in government hands for now.
3 Reply Quote Share
diamond_minerFull Member
Posts: 138 · Reputation: 623
#16Dec 10, 2017, 11:44 PM
You can’t wait for a problem to spread before acting. The quantum talk has been going on for years, but now with recent developments, devs really need to step up. They can’t drag their feet on this.
0 Reply Quote Share
r34l_gweiNewbie
Posts: 5 · Reputation: 23
#17Dec 11, 2017, 01:04 AM
I believe quantum computing could impact the whole financial market, not just crypto. If it gets to a high level, Bitcoin won’t be the only thing affected. But we’ve got some time to figure things out.
2 Reply Quote Share
coldgweiHero Member
Posts: 21 · Reputation: 3480
#18Dec 11, 2017, 01:11 AM
Yeah, it’s labeled a threat, but it’s not that serious yet. Plus, we often assume quantum will just wreck everything without considering that Bitcoin adapts over time.
0 Reply Quote Share
Posts: 42 · Reputation: 43
#19Dec 11, 2017, 01:52 AM
I totally agree, quantum could be a serious issue for everything. For now, it’s still at a safe level. Developers are working on it with proposals, although no best solution has emerged yet.
3 Reply Quote Share

Related topics