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re: What happens when Quantum Computing is able to break Bitcoin’s Encryption

Posted on 3/15/25 at 7:33 pm to
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
13027 posts
Posted on 3/15/25 at 7:33 pm to
quote:

Why are we suppose to believe anything coming out of China?


Me Personally? Seeing is believing for me so I see alot of technology advancement in China on Twitter so I have no reason to doubt the claims. Plus other world governments acknowledge China's dominance in new tech

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"Previously, I mentioned that technology is one of China's three strategic advantages. The government backed Australian Strategic Policy Institute (ASPI) agreed with me based on the number of research paper citations in 64 technology categories. China is leading in 57 of them.

Of course, the United States still has technological advantages in some fields, such as operating systems, industrial software, commercial aircraft, chips, medical equipment, bombers, and nuclear submarines, but these are basically inventions from the last century. In these fields, China is striving to catch up and is expected to achieve within 5-10 years.

In the inventions of this century, China is clearly ahead of the United States, such as LNG carriers, lithium batteries, photovoltaic cells, EVs, AI driving, 5G, drones, etc. And to be honest, the technological gap in these areas between China and the United States is widening rather than narrowing.

The technological progress of the United States in the new century is mainly reflected in the Internet. However, China is equally leading. Chinese companies such as tiktok, wechat, and Alibaba are no inferior to the United States' Facebook, WhatsApp, and Amazon. Besides some technical bubbles, such as the Meta and ChatGPT, Americans have basically not achieved any industrical progress in the new century.

Relying on its industrial advantages, China has also achieved some advantages over the United States in some old technologies. For example, China recently banned the export of some rare metals and rare earths. The United States does not lack these resources. However, because the smelting technology is monopolized by China, it is a big headache for Americans now. lol."
This post was edited on 3/15/25 at 7:39 pm
Posted by kingbob
Sorrento, LA
Member since Nov 2010
68352 posts
Posted on 3/15/25 at 7:33 pm to
Encryption scrambles a signal by cutting it up into little pieces that can only be reassembled with a passkey. The longer the passkey, the more attempts it will take to guess. A computer can utilize “brute force” decryption by systematically trying every possible passcode to find the right answer, but this takes time. Modern encryption is so strong that it would require the best super computers centuries or even millennia to brute force guess the correct answer.

Quantum is such a revolutionary breakthrough that it can crack that same encryption in minutes or even seconds. Quantum essentially allows a computer to communicate with itself instantaneously rather than at the speed by which electrons move through a conductor. It also allows the computer to process multiple answers simultaneously rather than binary choices.

Quantum is like taking a straight line (computing as we know it) and turning it into a 4D cube (the fourth dimension is time).
Posted by Marshhen
Port Eads
Member since Nov 2018
875 posts
Posted on 3/15/25 at 7:35 pm to
quote:

This is way above my paygrade


Aren’t you a welfare queen?
Posted by Diego Ricardo
Alabama
Member since Dec 2020
8794 posts
Posted on 3/15/25 at 7:37 pm to
There has been more talk in the computer science community about quantum computing resilient encryption. I think you will start seeing that being mentioned in operating system updates, etc over the coming decade. The science side is proofing out strategies, the engineering side will be implementing it before long.
Posted by blue_morrison
Member since Jan 2013
5758 posts
Posted on 3/15/25 at 7:39 pm to
quote:

My schizo theory is that computers will render themselves obsolete when at some point a rogue AI starts crashing systems all over the globe without any authorization.


ah, the chaotic good aligned computer.
Posted by AUstar
Member since Dec 2012
18434 posts
Posted on 3/15/25 at 7:40 pm to
quote:

Quantum breaks ALL digital encryption.


No it doesn't.
Posted by SaintsReportExile
Member since Nov 2023
518 posts
Posted on 3/15/25 at 7:48 pm to
As somebody who researches in quantum mechanics and theory, a lot of you here have no idea what you are talking about, and honestly that is ok because it's a vastly complex subject most people will never be able to wrap their head around. But we have a long way to go before there is a viable quantum processor that is able to maintain cohesion to account for the massive amount of error correcting needed to be viable.
Posted by Warboo
Enterprise Alabama
Member since Sep 2018
4455 posts
Posted on 3/15/25 at 7:50 pm to
So we are in a race of “my computer can beat up your computer”. Very scary as everything now is computerized. Imagine ship navigation being corrupted and hitting a bridge or flight computers going crazy and sending a jet into the ground. The tech war that was brought to us in the “terminator and matrix movies” on steroids. Good times y’all. Wonder what this will do to craw fish prices?
Posted by bamaguy17
Member since Jul 2022
1207 posts
Posted on 3/15/25 at 7:55 pm to
quote:

Then we all go back to pre-internet technology

It moved
Posted by Bamafig
Member since Nov 2018
4703 posts
Posted on 3/15/25 at 8:02 pm to
I ain’t skeerd of Zucchini-3.
Posted by UcobiaA
The Gump
Member since Nov 2010
3866 posts
Posted on 3/15/25 at 8:11 pm to
Y'all need to quit listening to Chinese propaganda. They will never fusion until someone else does so they can steal the tech.

There are too many examples of outright lies about tech by China. They were touting their leading edge robotics lately but it is at the level of what other companies were doing 20 years ago. Remember the nuclear battery they "developed," where are those? I could go on and on.
Posted by RobbBobb
Matt Flynn, BCS MVP
Member since Feb 2007
31077 posts
Posted on 3/15/25 at 8:14 pm to
All coins in p2pk addresses and reused p2pkh addresses are vulnerable. Its just math.

If youve ever transacted coin, your public key is already out there. Since a transaction takes around 10 min, then theoretically a quantum computer can hijack your transaction in that window, by offering a higher mining fee

Plus, people claim it would take X amount of time to break a key, but what if it just hits on the right key early? Just because it would take X to run every key possible, doesnt mean it wont hit on your key in quick fashion
quote:

Current scientific estimations predict that a quantum computer will take about 8 hours to break an RSA key, and some specific calculations predict that a Bitcoin signature could be hacked within 30 minutes.
Posted by TutHillTiger
Mississippi Alabama
Member since Sep 2010
45898 posts
Posted on 3/15/25 at 8:15 pm to
When? Maybe they already have….
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
11790 posts
Posted on 3/15/25 at 8:20 pm to
A Quantum exercise would equate all possible solutions at once.

Our best linear computed models would take a hundred trillion years to do it.

It’s nuts.

X is a function of P
This post was edited on 3/15/25 at 8:23 pm
Posted by BigPerm30
Member since Aug 2011
29369 posts
Posted on 3/15/25 at 8:22 pm to
quote:

Tell me you don't understand encryption without telling me you don't understand encryption.


Tell me you don’t understand Quantum Computing without telling me you don’t understand Quantum Computer.
Posted by John Barron
The Mar-a-Lago Club
Member since Sep 2024
13027 posts
Posted on 3/15/25 at 8:27 pm to
quote:

They were touting their leading edge robotics lately but it is at the level of what other companies were doing 20 years ago. 


Bro...There is video of this stuff on the internet. No need to make up lies.


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Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
11790 posts
Posted on 3/15/25 at 8:27 pm to
Big Perm I don’t either lol…

My niece pioneered string dot theory at Cornell with a master degree in it.

She owns a winery now in the valley.

Best move ever!
Posted by umrebel2009
Member since Feb 2010
7764 posts
Posted on 3/15/25 at 8:28 pm to
Can I play Call Of Duty on it or nah
Posted by POTUS2024
Member since Nov 2022
20943 posts
Posted on 3/15/25 at 8:28 pm to
Back in 2012 I was talking to a cyber security guy in the military. He told me back then, if there's a password or encryption mechanism out there, the world's most robust govts in terms of cyber would get through it eventually. They will always bring a big enough hammer.

Posted by oldskule
Down South
Member since Mar 2016
21367 posts
Posted on 3/15/25 at 8:30 pm to
I do not understand any oof this crap....over my head!
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