re: What does the uber-powerful Quantum supercomputer mean for bitcoin and crypto security?

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Google quantum resistant algorithms and post-quantum cryptography.

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Some have already mentioned it but there are problems out there that can be protected even against quantum computers.

I’ve seen a few ideas based on partial differential equations where you can have giant PDE’s all ‘protected’ by coefficients in front of each term.

The coefficients acting like a private key for the RSA algorithm.

The public key being the integrated solution to the PDE.

Without knowing the coefficients, even quantum computers are going to struggle to ‘guess’ the combination of coefficients that integrate to a given solution.

Anyways, the point being, there will be ways to encrypt that are safe from quantum by the time quantum becomes useful.

Got a theory about the UAP/drones….
“Aliens” came about when the world became aware of atomic energy and its use as a weapon. Now this new UAP event kicks off as Google’s Willow is launched. Interesting

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Turn off the electricity and AI becomes harmless

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That's what they want you to think, copper top. Take the red pill.

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You are avoiding the question, does bitcoin have a plan?

As the first crypto there are a number of core problems with their distribution and encryption.

So what exactly would bitcoin do to update?

Besides 50+1 ing every coin.

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No, I'm not. Yes, there is a plan, as I stated quantum computing hasn't been a secret. Bitcoin and other cryptocurrency are based off of cryptography which is based off of math. Do you really think the eggheads that came up with this shite don't have a plan? They have been planning for this for years. There are billions of $$$$ involved, do you think MicroStrategy, the ETFs etc. will all just say oh well all of the money is gone?

If you want to know more Google the terms I posted, and you will see the groundwork has been done. Bitcoin is in better hands than the US Dollar is in with the Federal Reserve.

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Google the terms I posted

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You act as if it would be easy to explain...

But you can't explain exactly how bitcoin itself would be "quantum proof".

You seem to just be saying trust the smart people...

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You act as if it would be easy to explain...

But you can't explain exactly how bitcoin itself would be "quantum proof".

You seem to just be saying trust the smart people...

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LOL you are a dense one aren't you. The solutions will make Bitcoin and other cryptography like online banking secure just like current solutions make them safe from current computing power, that is the "simple" version. The full answer is far too complex for a few lines on a message board. If you can't grasp the concept that there are ways to counter quantum crypto breaking, then I don't know what to tell you.

Think of the German Enigma, it was a marvel, then it was cracked. With today's computing power it would be trivial. We have moved on, and better cryptography has been developed. It is a never-ending race between securing and cracking. Quantum computing will speed up the race with AI thrown in for good measure.

Of course, I don't have a total understanding of the math and concepts involved in quantum resistant algorithms. If I did I would be locked in come NSA basement or making bank at an AI firm etc. I have always found cryptography fascinating and have read upon t more than most. I'm comfortable saying that Bitcoin (and other cryptocurrencies) will be safe, when the time comes, and the big money obviously agrees. Educate yourself (and actually read up on the subject and not ask repetitive questions), hide under the bed or do whatever makes you comfortable. Bitcoin is built on trust, all users are trusting that the tech is sound, why would it be any different to trust they (the developers working on the code) have a proper counter to quantum computing?

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What does the uber-powerful Quantum supercomputer mean for bitcoin and crypto security?

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It injects significant counterparty risk into an asset class that claims immunity from such risk

It’s like if bitcoin were invented in 1978 and the new versions of Intel’s processors are now coming out. Technology moves fast. Like it or not, the bitcoin technology model is stagnant to when it was invented, and, will look more rudimentary as technology advances.

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