How to Handle Quantum Threats in Crypto?

viper_bridge · 2020-08-06T23:33:00.000Z

So, Bitmex is throwing around this soft fork idea, right? Basically, if some genius builds a quantum computer that can steal Bitcoins, they wanna freeze stuff. They plan to create this canary fund made of coins vulnerable to quantum attacks... anyone talked ab

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ben.matrixNewbie

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#21Aug 14, 2020, 01:44 AM

Totally agree. It feels like we're all about money and not the system's integrity. A skilled attacker might test the network before getting caught.

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ben.matrixNewbie

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#22Aug 14, 2020, 02:19 AM

But if the upgrade requires both ECDSA and quantum signatures and someone lost their keys... wouldn't a quantum computer still access those wallets?

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ben.matrixNewbie

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#23Aug 14, 2020, 05:03 AM

Yeah, it could crack the private keys but not the seed. That’s where it gets tricky.

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How to Handle Quantum Threats in Crypto?

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