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According to to a 2023 expert survey, there is a high likelihood that quantum computers will be able to break cryptography within 3 decades.
And that may prove to be conservative.
While #bitcoin is highly secure, possibly one of the most secure protocols ever invented, technological progress marches on.
Are we in the calm before the quantum computing storm? Like with AI before 2021? It's possible.
When ChatGPT3 was released, it caught everyone by surprise. Even the computer scientists and the AI engineers were blown away by how much better it was than anything preceding it.
Prior to that, most people didn't use, or care about, 'AI'.
But now virtually every company in the world is using ChatGPT in some form or another. The vast majority of marketers are using it to assist with content creation and ideation. In fact, if you DON'T use it, you're already falling behind...
I wonder if that will happen with quantum computers. Right now, we don't hear much about them, we don't use them, and we don't speak about them.
Perhaps a breakthrough will be made and that will all change. Rather than scramble to secure bitcoin against a new and menacing threat, we should proactively seek solutions.
#cryptography #quantumcomputing #bitcoinsecurity
When Satoshi’s wallet moves, I will circle back to thinking about this.
Theres a really long boring lecture on yt discussing why the older wallet addresses are more susceptible to a quantum brute force attack.
I can find if someone is interested.
I think by that time it will already be too late. But that's a good point; what will happen to Satoshi's stack? Difficult decisions ahead.
Not too late, it will be the canary in the coal mine though.
Here’s the lecture. @HunterBeast
Worth a watch if youd like some recent updates on what quantum computing represents in terms of mining and security.
https://youtu.be/lFBq6PssP40
tl;dr
quantum computing needs enormous amounts of energy and AI is a really big competitor with similar requirements
no, fuck your hype. quantum computing has a very high energy cost.
room temperature qbits are still elusive, so, shut up with the stupid quantum bullshit already
Don't appreciate the rudeness. Let's try to be nice over here and set a better precedent.
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