Is Bitcoin Facing a Quantum Threat? Insights from Recent Google Data

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sam.chadNewbie
Posts: 6 · Reputation: 3
#1Sep 14, 2024, 01:19 PM
So, Google just dropped some data saying quantum attacks on Bitcoin are getting real. They used to say you’d need millions of qubits, but now it’s less than 500K. Apparently, a quantum attack could be done in just 9 minutes, while Bitcoin blocks take 10 to confirm. Scary stuff, right?
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planktonHero Member
Posts: 1284 · Reputation: 2049
#2Sep 14, 2024, 04:23 PM
Old news. Just check this link for more context. Next time, maybe share useful links instead of vague summaries.
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kevin_bridgeFull Member
Posts: 196 · Reputation: 677
#3Sep 14, 2024, 04:45 PM
Here we go again with this quantum computer panic. I mean, why is Bitcoin the only target? Are we saying it’s the most important thing out there? Banks and the stock market don’t seem to care. If quantum computers can break any encryption, why is everyone buzzing just about Bitcoin?
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stacksatsHero Member
Posts: 404 · Reputation: 2023
#4Sep 14, 2024, 04:59 PM
I thought this was an April Fools' joke when I saw the title. Seriously, studies have shown we’re light years away from quantum tech being able to take down Bitcoin.
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Posts: 262 · Reputation: 176
#5Sep 14, 2024, 06:29 PM
If you’re into crypto, you see this news all the time. There are articles about risks to other encrypted stuff too, like password managers. But people just love talking about Bitcoin here. You won’t see anyone discussing how Telegram is making strides against quantum threats.
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Posts: 47 · Reputation: 19
#6Sep 14, 2024, 09:53 PM
Exactly! If quantum tech is a real threat, then everything using cryptography should be updating their algorithms, not just Bitcoin. Plus, I’m not convinced quantum computers can crack Bitcoin’s encryption that quickly. It’ll take a while before they’re reliable and effective.
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nova42Newbie
Posts: 86 · Reputation: 6
#7Sep 14, 2024, 11:01 PM
That wasn’t a real Google report, just a paid ad by scammers linked to Ethereum. Matthew Kratter even made a video exposing it all. Check it out.
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