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Is this the end of Bitcoin Encryption?

This Video on the CIA-Backed D-Wave Quantum Computer Will Change Your View of Reality Forever (http://www.freedomsphoenix.com/News/203065-2016-09-02-this-video-on-the-cia-backed-d-wave-quantum-computer.htm)


https://www.freedomsphoenix.com/Uploads/Graphics/693-0902085909-dwave.jpg (http://www.freedomsphoenix.com/News/203065-2016-09-02-this-video-on-the-cia-backed-d-wave-quantum-computer.htm)




Quantum Computing – Artificial Intelligence Is Here
https://i.ytimg.com/vi/PqN_2jDVbOU/hqdefault.jpg?custom=true&w=196&h=110&stc=true&jpg444=true&jpgq=90&sp=68&sigh=FHKQ3uOUHgJZxJLm5LfVHGTb9ik
https://www.youtube.com/watch?v=PqN_2jDVbOU (https://www.youtube.com/watch?v=PqN_2jDVbOU)


Read more at http://www.thedailysheeple.com/this-video-on-the-cia-backed-d-wave-quantum-computer-will-change-your-view-of-reality-forever_092016. (http://www.thedailysheeple.com/this-video-on-the-cia-backed-d-wave-quantum-computer-will-change-your-view-of-reality-forever_092016)


8)

Quantum computing is a pipe-dream and if this becomes a reality, this computer will not only be able to hack Bitcoin, but also ALL encryption using

SHA256. This will include all secure services on the internet and also secured banking services. You have to know that we have the option to increase

the level of encryption, but that will have it's own challenges.  ???

Notice that the talk said that the computers are so expensive that people will be able to rent time on them, but never be able to afford one. Let Bitcoin encryption change to match quantum computing level security. Then rent time on the QCs for use with your Bitcoin. Security enhanced by Quantum Computers.

8)

I don't think that quantum computing is a pipe dream. It's just not ready for mass use today. But I can imagine that it will be in 10-20 years - today's computing technology wasn't ready in a few years neither. The quantum effects to be used in a QC are well researched and there's enough motivation to implement them in practice, because the advantages could be enormous and the current technology is approaching the limits of miniaturization.

If cracking SHA256 becomes a reality, Bitcoin's crypto will need an update. In my view, it's reasonable to assume that there will be prior indications for this and plenty of time will remain to roll out an update.

Nothing is forever, progress goes on. That's especially true in the highly competitive field of encryption.

ya.ya.yo!

I sure hope not because I wanted to start to get into encryption theory and take a job doing it.  :-\

Encryption theory would still apply. It's just that the computer will be able to compute at levels multitudes faster than normal computers. And it will be easier to get much much more powerful computers. We just have to step up our game.

when the inventor of D-wave cannot show any real world results, eg what D-wave has already done over the last 9 years of expansion
when they say D-wave is 500,000x more faster than it was 9 years ago, but uses the analogy of a 1mph donkey vs 2000mph jet (yes 2k not 500k).
where the only usecase they can think of is fiction of parellel universes that no one can see themselves and have to blindly trust 'reports' of D-wave..

all in all it sounds like it has never done anything and wont do anything
they cant even grasp reality to talk about REAL results or potentials.
just the wishy washy blackhole theory of time travel, worm holes and alternative universes.


its almost like all them Nasa images of far away planets where they show computer 3D art of oceans and land on other planets.. but the real science 'results' is just a spectral range of infrared that is close to the same spectral range that earth sits at. and nothing like the 3D art they publish as their 'findings'

all in all im not worried. i dont think D-wave will do much real world work. and just wasted on 'science theory' that cannot be proved and thus only stands as fact because no one else has the same tech to debunk it

if only the video talked about gene mapping. or calculating the best drug combinations to fight and cure cancer/hiv.. then i would have thought D-wve was a real thing... not the alternative universe theory the guy wants to waste time on that cant be proved or help or be useful

i think "theoretical physicists" should never get anythink more then mimimum wage.

I got the idea that the things that he was talking about were actually in evidence, even though it is small evidence currently, and that this is only the beginning of what they will be able to accomplish if they don't run into some unforeseen hindrance.

My fear is that they will awaken the devil out of the Abyss, and that he will have the strength of quantum computing experience from his past, and he will take over the earth with an iron fist.

Of course, if that happens, Jesus will come and destroy Him, and take the saved people to Heaven.

8)

The video suggested that because of the different style of operation, current encryption will be among things that will not be a hindrance to the Quantum Computer. The QC will run right over regular encryption. A whole new form of QC encryption will have to be developed that will not be touchable by regular computers.

8)

The video suggested 15 years before the Quantum Computer became fully functional in all its potential ways.

8)

Quantum Computing could help us make something even better than Bitcoin.  At least for all of us who stay informed.  I am confident we would be able to ride that wave to success, whatever quantum computing brings us.

Let's hope that wise people will keep the evil people from using it to destroy us all.

8)

This is my first time is hear about the quantum computing but after reading all of the post in this thread I can define that is will become a bad thing for us.  :( :o ?

Let us not worry about the quantum computers there are both advantage and disadvantage that it may bring but whatever it is lets be ready when they launch it. It may endanger our bitcoins or it may see all computer related activities online. But mainly the purpose of that computer is not mainly to look at bitçoin but to spy other countries. The computer just disguise itself as something unique but actually its a spy computer for CIA use.

Agh.  That is the reason why I did not continue my course on Information Technology!  I was amazed by what computers and highly intellectual people can do.  Just typing some codes and everythibg can be hacked, traced, and destructed by simple codes.  I wish that video was not true or I just wish that it will be used for a good purpose.

even if the power of this quantum computer is enough to break bitcoin encryption is not the end because this computer is not available to public or hackers to hack bitcoin.

and also if i am not mistaken we can move to a stronger encryption other than sha256

I also wish that video was not true. But as you said everything is easy to be hack, No way, it is not too much easy as you said, you know if everyone can do it so why You and Me not hacker. Only some hackers can do it. But i am agree with it,that it is fearfully thing. But we can't do it  because we have been achieved that place where we never come back and also we can't any work without computers.

it has to first make ECDSA insecure, then it has to become a threat to it. the 256-bit elliptic curve that bitcoin is using is still considered secure and from what i have read from proposals and topics about the security of encryption i know that it is possible to move to a more QC resistance addresses.

I would be interested in hearing what one of the core developers think about quantum computing and how they think it will affect bitcoin. Are the core developers taking this seriously or are they taking this all lightly? If they are taking it seriously, what are their plans for bitcoin's algorithm and how soon do they think they can change it?

Another question:
Would this thing be able to mine bitcoins?
And how fast would that be?
If it has such a high calculation capacity, maybe you could earn more by mining than renting it would cost you.

this is my point exactly. there are different forms of encryption and not all of them are easy to break with a quantum computer. if necessary bitcoin can quickly adopt and to be honest there are more lucrative goals then bitcoin once you can crack the encryption.
but wait there is more. there are quite a lot of addresses so this also gives you even more protection.

If this happened I don't think our governments would let this to the hands of bad guys.
This will surely be dangerous not only to bitcoin but to all other important things in the world.
I think that the security must evolve too. We must think of a better encryption than SHA256.

first of all there is better encryption than SHA256 and there will be improvements in the future.
but i wonder which government do you mean? since everybody and state will want to have such a thing a the bad guy are not just criminals but often different states or the opposition. so do not worry about bitcoin. your coins are safe, but maybe not the safety of your county.

The government is the BIGGEST of the bad guys.    8)

Great idea!

Any computer that could connect parallel universes could be used to mine bitcoins faster than ever. The whole structure of Bitcoin Core would have to change to avoid a special advantage to QCs. But how can you make a Bitcoin Core that would run on ASICs and QCs equally. Is this the end of Bitcoin?

8)

Actually what those quantum computer can do in real life is still not identified so i don't think we have to start worrying about bitcoin security. It may take decades or even centuries when this quantum computer can be threat to bitcoin or by that time bitcoin will find a way to match quantum computer level security.

These tings are usually 1 trick ponies and when actually explained are not capable of anything complex.

it will take a lot more time to develop and this is time we can use to improve and protect bitcoin, so i don't worry for now.

As far as I understand, there is some kind of a prototype of a real quantum computer, but there is still no such thing that can solve tasks extremely fast. So, basically, nowadays bitcoin is not in danger. If scientists succeed in this project completely, then cryptocurrencies will die. However, I am not sure if it is so. Can't someone develop something more complicated? Something hard enough for a quantum computer? Or is it really impossible?

Its simple, if history has shown anything.  no one holds the technological advance for long, if some government develops quantum computing then they will need to develop quantum security which bitcoin can adopt as its security.  if the US get it first, it wont be long before Russia have it and then the russians or the chinese......  

The problem with Bitcoin adopting the new security is, it will have to be a new Bitcoin, because the old one will have been broken before it has a chance to adopt and adapt.

8)

The only salvation for the current Bitcoin that I see is this. If the whole fiat money system goes down the tubes before Quantum Computing becomes capable of cracking Bitcoin, advancements may have to stop for lack of funding. Yet the current Bitcoin might ride current technology, which just might remain online, even if there is a financial collapse.

8)

the thing with D-wave is this..

once you wash away all the alternative realities and unicorns(yes he subtly implies unicorns near the end of his horse-plane metaphor).. you start to wonder why is he not just explaining the technology logically..

the reason is at the crux of it, d-wave is actually simple to understand..
its not any magic. its not any parellel universes its simply this.

binary is just a 1 or 0. stored on flashcards or transmitted as either 0 volts and 1 volt (in simple terms) actually its more like 1volt is a whole byte and 0.8volt is decimal 204 of 256, 0.6volt is decimal 152 of 256.

here it is explained in terms of CCD camera's storing the brightness of greyscale (from black to white)
https://books.google.co.uk/books?id=mcE4Oq9bYMUC&pg=PA22&lpg=PA22#v=onepage

now D-wave is just the same thing.
imagine 0 volts was binary 0 and 1volt was binary1. now D-wave has an algo that treats 0.5volt as their cough magic cough.

they say its their third dimension 'both on and off' but in reality its just 3 possibilities instead of 2.

so now they can do logic tests of not just
no, yes.. but.. no, maybe and yes
true, false.. but.. true, 'i refuse to answer', false
on, off.. but.. on, dimly lit, off

D-wave just doesnt know how to use it, and are going to spend years trying to work out how to make this 3rd choice useful.

in my eyes it just turns one byte from 256 possibilities into 6561 possibilites

imagine it for IP addresses
256.256.256.256 only allows 4,294,967,296 possibilities using 32 bits
6561.6561.6561 allows 282,429,536,481 (70x more) possibilities using just 24 bits(each measured at 3 voltages instead of 2)

technically i think d-wave are not measuring (simple terms) 0v,0.5v, 1v.. but 0v,0.33v, 0.66v, 1v.. to have 4 options.. i say this because
bi=2 tri=3 qu=4  (think square, 4 corners) so qubit sounds to 4 options not just 3, just because of how they named it...

making one byte(measured at 4 voltages instead of 2) goes from 256 possibilities to 65536

so imagining IP addresses
65536.65536 allows 4,294,967,296 possibilities using only 16 bits(each measured at 4 voltages instead of 2)

if only the D-wave guy would stop talking about the mystisism of alternative realities and stuck with logic. then by now he would have found some real world applications of this new way of storing data and solving logic problems

hex for instance instead of being stored as 2 hex per byte. it can be stored as 4 hex per byte
binary F = 1111
qubit F = 44

so in a byte binary 11111111 = FF
in a qubit 11111111=FFFF

But the price will be dumped hard because if there is decryption for one private key, it will decryption for many other private keys. There is possible way to crack bitcoin, then the fate ain't good any more.

right. also there already are ways of encryption that are safe from the current quantum computer and the ones in the near future, so bitcoin could adapt very very fast and before something happens. but right now there is absolutely no reason to waist the developers time on this.

i think quantum computer is really important than to just for mining bitcoin because there are more lot to do with that super computer. the government at least will use this for the other purpose, i don't what it is. but i think they will made one computer that will be the same as the quantum computer for public and they will keep quantum computer for their main purpose.

beside that, the bitcoin devs will always prepare of something new especially about technology that will always grow fast than we can imagine. so maune CIA will use it for their experiment and not share their result as they will use the result for another experiment. this is just in my mind.

It is indeed appropriate. That all computers already have enskripso which is very safe and very secure. Bitcoin can also adapt to all the things that will happen in the future and also very against following the path of technological change that is happening. It is a very good thing

But with this kind of invention on the hacking system, surely there will also be invented a new and better encryption system that will make Bitcoin more unhackable.

True,  if theres a new invented  on hacking system but  we should expect that  theres also a new encryption for sure in the future same as you said. In bitcoin for sure it would be developed more i guess which  puts more encryption even those new inventions cant  decrypt it.

yes, there are stronger encryptions available right now but there is no point in changing anything today because first of all what OP is saying is about one Quantum computer which I am sure it has far more important stuff to do rather than trying to break encryption of a bitcoin address and steal its balance.

Not a big problem, bitcoin will just change to another encrypting algorithm. Quantum Computing is not godlike technology and has it's limitations. not any algorithm could be easily cracked even by QC