Saylor's Take on Quantum Threat to Bitcoin: Is It Overhyped?

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shard_2013Full Member
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#1Nov 19, 2017, 02:19 AM
What do you all think about this? Quantum computing threats to Bitcoin seem to be pushed back further and further. A few years ago they said it was around the corner, but now it’s 10+ years away.
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nova42Newbie
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#2Nov 19, 2017, 05:33 AM
Honestly, when those stronger quantum computers roll out, don’t you think fiat currencies are the first to go? Banks and credit card companies like Visa and Mastercard will crumble first, not Bitcoin.
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mr_cipherNewbie
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#3Nov 19, 2017, 06:24 AM
Yeah, I feel like we’re just sweeping this under the rug until it’s too late. But I think we’ll figure it out when the time comes. Saylor's just the latest to sound the alarm.
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#4Nov 20, 2017, 11:18 PM
At least he’s acknowledging it as a potential threat instead of calling it FUD. Some experts say we have about 7 years to prepare. Coordination is key.
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#5Nov 21, 2017, 05:22 AM
No need to panic just yet. Quantum computing isn’t capable of breaking Bitcoin’s cryptography right now. Upgrades can happen if needed, and we've had years of development already.
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0xVectorFull Member
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#6Nov 21, 2017, 08:28 AM
Why is Saylor the one talking about this? Seems like he’s just trying to protect his investments.
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mr_cipherNewbie
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#7Nov 21, 2017, 09:34 AM
I doubt quantum computing will hit us on a mass scale at first. Bitcoin probably won’t be the main target either. Better to be prepared, though.
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greg1337Member
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#8Nov 21, 2017, 01:04 PM
The quantum threat isn’t immediate, but we should keep talking about it. The 10-year estimate feels vague since progress isn’t linear. It could sneak up on us.
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#9Nov 21, 2017, 02:08 PM
Why should I care what Saylor thinks? He’s not a scientist. Quantum computers are just a fantasy, right?
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LuckyDeg3nFull Member
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#10Nov 21, 2017, 02:49 PM
So are these quantum computers developed by amateurs or serious companies? What’s the first target? Is it fintech or something else?
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#11Nov 21, 2017, 04:42 PM
When quantum threats come up, everyone jumps to Bitcoin, but what about all digital systems? The real worry is the chaos they could cause if those systems fall apart.
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#12Nov 21, 2017, 04:48 PM
For many, this means Bitcoin has a decade left. It seems like a panic tactic to get people to sell their Bitcoin and move elsewhere.
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#13Nov 22, 2017, 11:47 PM
No need to freak out right now. Developers are definitely aware of quantum computing's potential threat.
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lord_alphaHero Member
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#14Nov 23, 2017, 04:13 AM
Can’t we use quantum tech to improve security instead of just attack systems? Everything from banks to schools could be at risk.
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lynx1337Newbie
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#15Nov 23, 2017, 08:07 AM
This quantum issue is a big deal for everyone in crypto. If Bitcoin wallets are compromised, who knows what could happen to the market.
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cipher51Full Member
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#16Nov 24, 2017, 12:45 AM
I actually agree with Saylor. The Bitcoin community is proactive about security. The quantum threat might not be as bad as people think.
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k3v1n_shardSenior Member
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#17Nov 24, 2017, 05:28 AM
People keep saying Bitcoin is super secure, but if quantum tech breaks it, then everything else is in danger too.
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alexsatNewbie
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#18Nov 24, 2017, 09:10 PM
BIP 360 is already on the Bitcoin group’s to-do list. The network can adapt faster than people realize.
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AtomicLedgerFull Member
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#19Nov 25, 2017, 02:13 AM
Adding a quantum-safe system needs to be debated. There are still safer ways to protect coins until quantum threats become real.
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#20Nov 25, 2017, 04:59 AM
Most of the panic around quantum threats seems overblown. Technology evolves, and so will our security measures.
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