Oddbean new post about | logout
 "BREAKING: Chinese quantum computer just cracked multiple SPN algorithms. This is way bigger than cracking the ENIGMA code. The future of encryption is at stake" 🤯 
 https://primal.net/e/note145mm5h5kt7pc4qlqqumacr6eexeu0ysm38k0ed9576hsc86hy2vqpfhd6d 
 “Even if quantum computing posed a threat to the cryptographic layer, Bitcoin’s decentralized and global network of nodes would play a critical role in driving a transition to quantum-resistant algorithms—an advantage centralized systems simply do not have.” 

What transition? We have nothing ready. If someone proved they could use quantum computing moving coins they never had a key to, like Satoshi’s coins, price of Bitcoin would fall 99.99% within a week. If we not gonna have a procedure ready, for quantum attack, Bitcoin will die following such attack. People wouldn’t trust it ever again. 
 It's a process that started. When quantum computing advances to the point where it becomes a tangible threat, Bitcoin will likely have already initiated its transition to post-quantum cryptography. 
 I don't know about you. But if Bitcoin drops 99.99%. I would sell a kidney, a finger and couple of toes. 
 Right now, obviously. Not if Bitcoin security and therefore trust in it is broken.