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21  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: August 11, 2018, 12:59:36 PM
Now everyone can mine mainnet quantum coins, but no exchanges to sell it onto?

Yeah, no way to sell. Those two retarded dentists who are running this ICO don't give fuck and never asked/informed Bittrex to arrange a token swap and enable wallet. I am following this "project" for a year and it is one of the most retarded groups i have ever seen.

I am convinced that they are interested in delisting it from exchanges so it can just die because I am sure they have liquidated all their holdings including premine over these months and need to bury evidence.

You follow this project for a year, but you don't know there was no ICO? Sollid research bro
22  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: June 14, 2018, 06:28:29 PM
The PR firm they hired seems as retarded as "dev" team.

It sounds pretty good to me:
"TransformPR has represented more than 200 companies, organizations and projects in the blockchain space, and has helped more than 80 token crowdsales and scaling campaigns, including Aeternity, Augur, Bancor, Bittrex, Counterparty, Dash, Ethereum, Factom, Golem Network, Gnosis, Kraken, Lisk, Rivetz, SALT Lending, ShapeShift, Storj, Syscoin, and WAX.
Transform is led by Michael Terpin, Founder and CEO, who has more than 25 years of PR agency management. Michael directly supervised many PR campaigns of the digital media era, including early-stage PR for America Online, Earthlink, Jupiter, Motley Fool, Match.com, and Shapeways, as well as full-service campaigns for AT&T, Fujitsu, JBL, Konami, Marriott, Memorex, Philips, Rackspace, and TEAC."
23  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: June 10, 2018, 08:12:16 AM
Hello Quantum Resistant Ledger believers,

Our aim is to add value to the whole crypto community by giving the best user experience to analyse cryptocurrencies.

It would be really great help from your side if you can spend 60 seconds of your time and give us your valuable feedback for our two recent updates 1) Snapshot and 2) Colourful
interface of Quantum Resistant Ledger at: https://cointopper.com/coin/quantumresistant

Constructive criticisms are always welcome at CoinTopper.  Thank you!!

At the "about" section you talk about IOTA instead of QRL. Huge error, makes all other info on you website highly doubtful. If you make a mistake like that, nobody can take you serious anymore.
24  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: May 18, 2018, 06:53:35 PM
Still receiving "reject reason: Low difficulty share" on a GTX1080 on testnet. Is anyone using testnet? Is it working?

ccminer-x64 -a cryptonight -o stratum+tcp://strat.qrlmining.com:7777 -u <MY ADDRESS> -p x

Mike

Mike, you best go to their discord and ask your question on their testnet chanel there. You will have an answer from a developer.
See https://discord.gg/BheKAZb
25  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: April 12, 2018, 06:07:26 PM
Hey, Tomkat. I don't think years, but it's clear the community want to give everyone plenty of time.
[/quote]

I think you want to have it done before the hard fork to PoS
26  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: April 04, 2018, 06:09:59 PM
Countdown till Token Migration (opens 4th April 2018):

https://migration.theqrl.org/
Is this for people to change the erc tokens to the new cyptonote ones? Is it also when the mainnet goes online?

No this is not the launch of main net. First they will do the external audit. From now on you can migrate your tokens on this site. https://migration.theqrl.org

See blog:
https://medium.com/the-quantum-resistant-ledger/qrl-token-migration-begins-b0d5b53f697f

You will have plenty of time to do this, even after main net launch, but it might cost some fee after main net launch.
27  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: March 18, 2018, 10:48:11 AM
Monday's $QRL Update
- Node: Mining Pool API + grpc Proxy
- Node: Transfers can have multiple outputs
- Qryptonight: Performance improvements
- Sitting on #APACBlockchain18 Conference panel tomorrow

There is no mining pool API because the shit they published does not support extra nonce so it's impossible to distribute work.

After 8 months of circle jerking they offer a python script which consist of 800!!! Lines of code (included generated).


Damn you're such a dork. 25,058 lines of code, and you try to spread FUD again by calling 800 lines. You so predictable. Everytime there is some serious progress, you come here and try to vomit all over the project.
28  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 19, 2017, 09:18:08 PM
Hey Deeponion dude, watch this while you wait for someone to bite:

https://www.youtube.com/watch?v=Je-4Okke4BE
29  Alternate cryptocurrencies / Speculation (Altcoins) / Re: your thoughs about this coins? on: December 19, 2017, 12:51:20 PM
hey
guys whats your thoughs about this coin?

Tokes /DCORP /Via / EDG / lun / apx / qrl / Block / Minereum / Ardor / Wagerr & kmd

do u see any future for these?

pick 3 one & pls write actual reasons that you like that one.

tnx

Wagerr: loved because they address a real use case. Decentralized apps + SmartC are ideal for gambling.
On top of that, their ICO was perfectly executed, in reasonable amounts. They now need to deliver.
Alongside Wagerr should be EGD (good hedge on the folio to have if you invest in gambling)

VIA+ARDOR: Bc i want some platform in my portfolio. ETH is in trouble, and if people are doubting about its capabilities to scale or anything, that means that there is room for others. It is not a surprise if Waves and Stratis raised so much. I prefer ARDR to VIA because of it relies on a better tech.
I'd add ARK as well in this category too (platforms)

DCORP: interesting ICO, not "Crazy" like EOS, TEZOS and co. Interesting product. Great team, with skills to address their target market.
(yes: what matters is NOT the dev talent anymore, but the business development team around him)

Underdog: QRL... (??)
I don't know what to think about this one...
Quantum computers are coming soon, and may impact the blockchain.. but I have mixed feelings about QRL
a- the team (difficult to get even serious linkedin references)
b- Quantum Computing is extremely specialized and requires lots of skills to even start addressing problems (but it can solve them quickly... or at least give you a good probability of the lowest energy "spot")
c- Quantum computing still have time (decades) before it hits the mainstream market. In the meantime, the business model will be CaaS (computing as a service, where you lease the calculation power): that would prevent some fraudulent use (cracking passwords or messing with blockchains).
d- Other blockchains will adapt to to be Quantum Resisstant. I still do not see how the QRL solution is unique and/or their IP protected.
...
e- but if I am wrong on b, c and d... then QRL is a hit.








About QRL:
a. Join their discord for a week. You will have a good impression of the team and the community.
b. They have Leon Groot Bruinderink in their team, PhD in post-quantum cryptography, also working for the European Union. No other project has the advantage of such a team member. To emphasize his qualities: Cardano plans to use BLISS-B for their upgrade to quantum resistancy. But Leon has hacked BLISS-B already this year. https://eprint.iacr.org/2017/490.
So you are right as to how specialized post quantum cryptography is. Bt QRL has the right people in place. QRL uses the hash-based cryptography XMSS which makes it resistant to quantum computer attacks. XMSS comes highly recommended: The European Research project PQCRYPTO-EU recommends the use of XMSS as a method for stateful digital signatures.

They don’t go live before they 100% quantum proof. It’s the only way to prevent your circulating supply to have unprotected “lost coins” and “lazy users coins.”
c. It's an arms race right now and all the big tech companies are investing heavily. Development is speeding up fast. In may 2017 IBM had a 16 qubit quantum computer. In nov 2017 they had a 50 qubit quantum computer running for the first time. That's x 3 in a few months. Google announced to have a 49 qubit quantum computer at the end of 2017. Microsoft just released it's first quantum coding kit. Quantum computers will be a threath sooner than most think. The ammount of focus on the development is unheard of. And with good reason: he who got it first is the digital king.
And as for the need to be an actual threat: there is so much distrust towards big companies and states and banks wo will have acces to quantum computers. Just the fact that quantumm computers will have the ability, in combination with the fact that there will be great quantum proof alternatives, investors will dump the old and buy the new generation of blockchain.


d. As to implementing quantum proof cryptography in existing blockchains: Blockchains that already launched their genesis block, can't become quantum secure for 100% of their circulating supply. Here my thoughts on that:

For someone with some level of knowledge about blockchaintech, the way the following text is written might sound condescending. That's not my intention. But don’t blame me if it sounds basic, it's explained in basic terms for everyone to understand: A crypto has coins (or tokens). These coins are stored in wallets or on an exchange. As an owner of these coins, you want to be the only one to be able to access the coins and move them if you wish. So to protect your property, your coins are stored on an address: your public key. Your private key gives you the authorization to move them to another address (on an exchange it’s different because you don’t have the private key there yourself, but the result is the same: if someone cracks the main private key, they can steal your coins). Your public key can be known by others and is public, but your private key obviously not. If anybody gets your private key, they can get access and steal your coins. Now how do you get these public and private keys? If you get a public key (address), the blockchain gives you the private key that comes with that public key. If you lose the private key, you will be locked out of the public key (the address) and you will never be able to get your coins out of there ever again. Blockchains can’t just email you a new private key, because the only way a blockchain knows you’re the owner, is if you show the private key. So if you lose it, you can’t prove anything, and your locked out for good. That is why blockchains are so secure. Private keys can not be hacked by normal computers. But future quantum computers can hack the normal private keys. Now if a blockchain is quantum proof, they give you a public key with a quantum proof private key. So this private key can not be hacked by a quantum computer, and your coins are safe. Now you think “ok, so if a blockchain upgrades to a quantum proof blockchain, the problem is solved”. But the problem is, if a blockchain already exists, there are millions of coins out there that NEED to be accessible by their owners after the fork or upgrade.

To understand why that is a problem, and why that can’t be solved, we need to understand how a fork works: so how can a blockchain be upgraded and still give the owners of the coins access to their coins. After the fork, everybody needs to have the exact same amount of coins they had before the fork. So there will be a 1:1 tokenswap. Everyone who owns an amount of tokens of the old blockchain, will own that same amount of tokens of the new blockchain. To accomplish that, you will NEED to keep the old private keys active until the owner moves it’s coins to a new address with a public key that is accessible only through a new quantum proof private key. (Maybe another option would be that you wouldn’t need to move your coins to a new address, but the old private key would be de-activated after you claimed your new quantum proof private key. I don’t know if this last option is even possible, but if it would be possible, it would still mean that your old private key needs to be active after the fork until the owner uses it and actively de-activates it.) So:

    The blockchain "knows" the amount of tokens you have at that specific time, and thus the amount of tokens you are entitled to, by looking at your public key. (Like for example etherscan does.)

    They can only send these tokens to its rightful owner, by sending them to that exact public key (address). That way it is guaranteed that only the rightful owner can access them, because only he has access to that address (The old private key and old public key). So then the new coins are on your old address, that is still accessible through your old private key. Now, even if it would technically possible, the blockchain can't erase the old private key or replace it with a new one, because then the owner would not be able to access his coins. Remember: he doesn’t HAVE the new private key. It’s not like you can get your new private key by email. So the blockchain needs to allow you to enter with your old private key, even if they just upgraded itself to a quantum proof blockchain. This means your coins are NOT protected by that blockchains new and improved quantum proof private keys. Not until you have accessed your coins through your old private key. Then you would need to move them, or de-activate the old private key to lock your coins up in a way that it’s only accessible with a quantum proof private key.

So what you need to understand is this: after a blockchain is upgraded to a quantum secure blockchain, ALL coins are still accessible through the old private keys, and therefore still hackable by quantum computers. So even though this blockchain can claim to be quantum proof, their coins are NOT until the owner accesses them and takes action.

Now we come to the next point, where you will see why a big amount of the coins of an upgraded blockchain will never become quantum secure:

    Not all owners of coins will take the necessary action. That’s just human nature. (People don't read, or read half, don't understand, postpone, don't care, don't know how or don't see the point in any other way)

    There are a lot of coins without an actual active owner: the owners lost their private key, their password or got locked out in another way. It happens a lot. So especially with coins that exist for a while like BTC and ETH, there are a lot of coins that nobody even CAN move to a new wallet. Don’t underestimate the total amount of these coins. All these coins will still be accessible through the old private key after "quantum proving" the blockchain because the owners need to move them, or de-activate the old private key to lock your coins up with a quantum proof private key.

So lots of new quantum proof coins, will not be moved away from the old private key and be accessible through both their old private key and their new quantum proof private key. It’s like when your house has a cardboard front door anybody can walk through. And to fix that, your make an new unbreakable door and install that as your backdoor, while leaving your front door as it was. As long as you don’t build a brick wall where your cardboard door is, people can still walk in your house and steal your stuff. So the only conclusion can be: Even if you could upgrade an existing blockchain to a quantum proof blockchain (and wether or not that is possible is still open for discussion), then still, a big part of their circulating supply can be hacked. Is that a problem? Yes, even if you move and secure your own coins. The knowledge that there will be a % of the circulating supply vulerable for quantum computer hacks, will be enough to dump. So even without a (known) hack, it would be enough for quantum computers to reach the critical level. Then there is the case of an actual hack that would finnish the job. (Doesn't even need to be a hack to a blockchain. The hack of another 256 bit ECDSA protected entity would bring the news out and start an exodus. Ddon't underestimate the power of the masses + FUD. It's not the stolen coins from Mt.Gox that caused the price dump, it's the reaction of the people. Panic sales. It's part of crypto, it happened twice after the China FUD. Even if all China sold in a day, it wouldn't have caused the dump it did. It were people from the rest of the world that dumped when they heard the news about regulations that wouldn’t even apply to them personally.
Imagine you have your money in a bank. And they say: "From tomorrow, we will put your money in a different safe. Nobody will be able to steal it. You will still have 100$. We just need your autograph here, and here, thanks, you're set. ... Oh, and there will be some other funds, we're not sure how much, but we can't move that to our new safe. So that will be outside. ... It might likely be stolen somewhere in the future. But YOU will still have your 100$. ... Only it might be worth less. But the number is still 100, so you fine with that right?" No, you won't be fine with that. You would move your funds right away. As much as you love blockchain and the thought of beating the banks, the system, the thuoght of being part of something huge.. You still understand the value of money. Your money. And that will be your motivation, and the motivation of all other investors, your money and to be part of something greater: quantum secure blockchain. It will sink in with everyone sooner or later.. Most people are very protective of the projects they invest in. Naturaly.. Lots of people try to spread FUD. Competitors, but also banks, stock markets, governments, all enemies, all attacking. And people getting defensive. But people will distinguish FUD from real problems sooner or later.

So... Unless there is a competitor who does it better from the start then QRL, it's just a matter of time. QRL wil be top 25 at least in 3 years.
30  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 19, 2017, 08:21:18 AM
The discussion on protection from a quantum computer at the moment is very interesting. As I understand it is still necessary to solve a lot of problems. Even if a solution is created to protect against a quantum computer for a Btc network, users will first have to transfer their coins to another Blockchain using their private key, and then either deactivate this key or transfer their coins again to a new address. For most people this problem is not quite clear at the moment, but soon everything will change.


I read Bitcoin has about 25% of the circulating supply sitting in lost addresses. So nobody will be transferring those coins to quantum proof addresses after a fork. That much coins for grabs, it's end of story for Bitcoin.
The big boys in blockchain don't want people to know the problem, because it also pretty much ends their projects. But the truth will come out eventually and this info will be mainstream.

Wow that is a lot of coins but do you really think that will be the end of Bitcoin? I mean there are tons of better theories to be the one to end Bitcoin I can't see that being it and I am sure they could come up with a problem to go around that. Otherwise what we are going to say the circulating supply of Bitcoin goes from 21 million to 15-16 million overnight? That would be a crazy jump to make if it happens.

Bitcoin is so huge right now, nobody can believe it will end one day. But blockchains biggest strengths, are also it's biggest weaknesses.
1. Only being able to change by consensus. It's great because nobody can mess with your money. But it's a hussle if you need to improve your blockchain.
You see how hard it is for Bitcoin to implement changes like segwit2. Very necessary, but still not there. Everyone wants the same, a better Bitcoin, but they can't agree on how they want to do that.
They have a lot of things that need improvement because competition is huge and will take over the market. ETH has more transactions than BTC now. The price will very likely close in afterwards.
All these things need improvement:
- Transactionspeed
- Transaction costs
- The huge amount of energy BTC uses. It has to be solved, or it will be another stick for enemies to hit with.
- Quantum resistance

The need for these improvements and the lack of being capable to do so will end BTC longterm in my opinion.
But the fact that it is absolutely impossible to protect all your circulating supply from being hacked as a blockchain (and that's all existing blockchains at the moment exept for QRL) is cause for a lack of faith in a stable price that's unheard of in crypto. All it takes is an alternative. Like QRL and others to come. People will jump ship in the blink of an eye. I mean, people dump if another country just threatens with regulations that wouldn't even apply to themselves. And another example is Mt.Gox. Hackers had been stealing BTC for years and the price was still growing. I mean the theft started in 2011 and kept going untill it was discovered in 2014. Crypto was growing all those years. But the knowledge it was hacked caused the dump. Not the actual theft. Because people started selling in panic. So the knowledge that a part of the circulating supply isn't safe, is enough. Better be safe than sorry. Most certainly when it comes to money.
So even blockchains like Tezos who found a way to addapt easier have a huge unsolvable problem. Because of the second strength and weakness:
2. Private keys are automaticly generated by the blockchain. And after that:
- Nobody is able to change your private key.
- Nobody can get your private key without you giving it to them.
- Nobody but you can move your funds to a different (quantum secure) private key.
So as explained before, if you desperately NEED a new safer private key for ALL your coins. A blockchain simply can not do that for it's coins. The blockchain can be updated in a blockchain that can supply you safe private keys, but the coins still need to be moved by owners. And as explained in depth, some coins are unaccessible and can't be moved and some won't be moved by their owners. There is no solution here. This is blockchain. Is watertight. So if quantum computers arrive at full strength, and number 1 hasn't killed Bitcoin yet, number 2 will finnish it.

People can't get to accept this. Their believe in blockchain and in the "community" is so strong. "We" will overcome. There is so much money in crypto, "the community" won't let this happen. They feel they are part of something huge and nothing can change that. And the thing is, we are part of something huge. And crypto will adapt. And the community will grow and crypto is unstoppable and will be implemented in a huge amount of applications. But that crypto will be quantum proof. And the rest will be history.
Imagine you have your money in a bank. And they say: "From tomorrow, we will put your money in a different safe. Nobody will be able to steal it. You will still have 100$. We just need your autograph here, and here, thanks, you're set. ... Oh, and there will be some other funds, we're not sure how much, but we can't move that to our new safe. So that will be outside. ... It might likely be stolen somewhere in the future. But YOU will still have your 100$. ... Only it might be worth less. But the number is still 100, so you fine with that right?" No, you won't be fine with that. You would move your funds right away. As much as you love blockchain and the thought of beating the banks, the system, the thuoght of being part of something huge.. You still understand the value of money. Your money. And that will be your motivation, and the motivation of all other investors, your money and to be part of something greater: quantum secure blockchain. It will sink in with everyone sooner or later.. Most people are very protective of the projects they invest in. Naturaly.. Lots of people try to spread FUD. Competitors, but also banks, stock markets, governments, all enemies, all attacking. And people getting defensive. But people will distinguish FUD from real problems sooner or later.
31  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 18, 2017, 05:25:48 PM
The discussion on protection from a quantum computer at the moment is very interesting. As I understand it is still necessary to solve a lot of problems. Even if a solution is created to protect against a quantum computer for a Btc network, users will first have to transfer their coins to another Blockchain using their private key, and then either deactivate this key or transfer their coins again to a new address. For most people this problem is not quite clear at the moment, but soon everything will change.


I read Bitcoin has about 25% of the circulating supply sitting in lost addresses. So nobody will be transferring those coins to quantum proof addresses after a fork. That much coins for grabs, it's end of story for Bitcoin.
The big boys in blockchain don't want people to know the problem, because it also pretty much ends their projects. But the truth will come out eventually and this info will be mainstream.
32  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 17, 2017, 02:02:25 PM
They can never protect all their coins. See below why:

    As to other already existing cryptocurrencies forking into quantum proof crypto, there is a huge problem that's worth mentioning: even if they successfully fork their blockchain into a quantum proof crypto, their old coins can still be hacked as if they where not protected by quantum proof cryptography. Here's why:
    Whether you hard-fork like BTC and end up with 2 coins like BTC and BCH or whether you hard-fork like ETH where you end up with 1 coin: after the fork, your coins or coin will be where you had your old coin: in a wallet or an exchange. This means it’s still accessible through your old private key. This old private key is NOT quantum proof, that's simply how forking works, you can't just make the old private key disappear. If the new coin wouldn’t be connected with the old private key, how would it end up in your wallet/ exchange and be accessible for you? So to finalize the quantum proof update, you will need to move your quantum proof coin to another wallet. That way you leave the old private key behind you with the old wallet. Your coins in your new wallet will only be accessible with your new quantum proof private key. Simple right? Guess what:
    • Not everybody will do that. That’s just human nature. (People don't read, or read half, don't understand, postpone, don't care, don't know how or don't see the poin in any other way)

    • There are a lot of coins lost or unaccessible because people lost their password or got locked out in another way. It happens a lot. So especially with coins that exist for a while like BTC and ETH, there are a lot of coins that nobody even CAN move to a new wallet. All these coins will still be accessable through the old private key after "quantum proving" the blockchain.
    [/li]
    [/list]
    So lots of new quantum proof coins, will not be moved away from the old private key and be accessible through both their old private key and their new quantum proof private key. It’s like when your house has a cardboard front door anybody can walk through. And to fix that, your make an new unbreakable door and install that as your backdoor, while leaving your front door as it was. As long as you don’t build a brick wall where your cardboard door is, people can still walk in your house and steal your stuff.

    Thank you for this explanation. I was wondering about Quantum resistance is something that could be developed for existing Blockchains through forks. As I understand it you say that it could be possible?! Then the market for QRL might be a bit diminished since it is going to be hard to replace brand names sush as BitCoin.

    The best thing for QRL would be proof of concept of that a quantum computer can break BitCoin encryption before they even lifted this as a risk. Since then people will panic and look somewhere else. It is for this that QRL will need a strong brand name to get people to flock to it.


    No, you don't get it. I did not say it can be done. The question if a blockchain can be made quantum proof by forking is a different discussion, but is not relevant. Why? Because it would be useless even if it COULD be done. The point is this, and I will try to explain again below:
    ALL existing crypto with coins or tokens out (ERC20 or the final product), can NEVER quantum-secure all their existing coins/ tokens and will therefore be at risk of having coins hacked and mass sold when quantum computers are in full function.
    So let me rephrase that for clarity: even if they could upgrade their blockchain to a quantum secure blockchain, they can’t automatically secure the coins people own. These coins can still be hacked after a quantum proof update.

    I’ll try to explain again but I’ll have to start at the beginning, so don’t blame me if it sounds basic:
    A crypto has coins (or tokens). These coins are stored in wallets or on an exchange. As an owner of these coins, you want to be the only one to be able to access the coins and move them if you wish. So to protect your property, your coins are stored on an address: your public key. Your private key gives you the authorization to move them to another address (on an exchange it’s different because you don’t have the private key there yourself, but the result is the same: if someone cracks the main private key, they can steal your coins). Your public key can be known by others and is public, but your private key obviously not. If anybody gets your private key, they can get access and steal your coins.
    Now how do you get these public and private keys? If you get a public key (address), the blockchain gives you the private key that comes with that public key. If you lose the private key, you will be locked out of the public key (the address) and you will never be able to get your coins out of there ever again. Blockchains can’t just email you a new private key, because the only way a blockchain knows you’re the owner, is if you show the private key. So if you lose it, you can’t prove anything, and your locked out for good. That is why blockchains are so secure.
    So the only access to your coins that are stored on your public key, is through your private key. Private keys can not be hacked by normal computers. But quantum computers can hack the normal private keys. Now if a blockchain is quantum proof, they give you a public key with a quantum proof private key. So this private key can not be hacked by a quantum computer, and your coins are safe in that case. Now you think “ok, so if a blockchain upgrades to a quantum proof blockchain, the problem is solved”. But the problem is, if a blockchain already exists, there are millions of coins out there that NEED to be accessible by their owners after the fork or upgrade.

    To understand why that is a problem, and why that can’t be solved, we need to understand how a fork works: so how can a blockchain be upgraded and still give the owners of the coins access to their coins.
    After the fork, everybody needs to have the exact same amount of coins they had before the fork. So there will be a 1:1 tokenswap. Everyone who owns an amount of tokens of the old blockchain, will own that same amount of tokens of the new blockchain. To accomplish that, you will NEED to keep the old private keys active until the owner moves it’s coins to a new address: a public key that is accessible only through a new quantum proof private key. (Maybe another option would be that you wouldn’t need to move your coins to a new address, but the old private key would be de-activated after you claimed your new quantum proof private key. I don’t know if this last option is even possible, but if it would be possible, it would still mean that your old private key needs to be active after the fork until the owner uses it and actively de-activates it.)
    So: 

    - The blockchain "knows" the amount of tokens you have at that specific time, and thus the amount of tokens you are entitled to, by looking at your public key. (Like for example etherscan does.)

    - They can only send these tokens to its rightful owner, by sending them to that exact public key (address). That way it is guaranteed that only the rightful owner can access them, because only he has access to that address (The old private key and old public key). So then the new coins are on you old address, that is still accessible through your old private key. Now, even if it would technically possible, the blockchain can't erase the old private key or replace it with a new one, because then the owner would not be able to access his coins. Remember: he doesn’t HAVE the new private key. It’s not like you can get your new private key by email. So the blockchain needs to allow you to enter with your old private key, even if they just upgraded itself to a quantum proof blockchain. So your coins are NOT protected by that blockchains new and improved quantum proof private keys. Not until you have accessed your coins through your old private key. Then you would need to move them, or de-activate the old private key to lock your coins up in a way that it’s only accessible with a quantum proof private key.

    So what you need to understand is this: after a blockchain is upgraded to a quantum secure blockchain, ALL coins are still accessible through the old private keys, and therefore still hackable by quantum computers. So even though this blockchain can claim to be quantum proof, their coins are NOT until the owner accesses them and takes action.

    Now we come to the next point I wrote before, where you will see why a big amount of the coins of an upgraded blockchain will never become quantum secure:

    - Not all owners of coins will take the necessary action. That’s just human nature. (People don't read, or read half, don't understand, postpone, don't care, don't know how or don't see the point in any other way)

    - There are a lot of coins without an actual active owner: the owners lost their private key, their password or got locked out in another way. It happens a lot. So especially with coins that exist for a while like BTC and ETH, there are a lot of coins that nobody even CAN move to a new wallet. Don’t underestimate the total amount of these coins. All these coins will still be accessible through the old private key after "quantum proving" the blockchain because the owners need to move them, or de-activate the old private key to lock your coins up with a quantum proof private key.

    So lots of new quantum proof coins, will not be moved away from the old private key and be accessible through both their old private key and their new quantum proof private key. It’s like when your house has a cardboard front door anybody can walk through. And to fix that, your make an new unbreakable door and install that as your backdoor, while leaving your front door as it was. As long as you don’t build a brick wall where your cardboard door is, people can still walk in your house and steal your stuff.
    So the only conclusion can be: Even if you could upgrade an existing blockchain to a quantum proof blockchain (and wether or not that is possible is still open for discussion), then still, a big part of their circulating supply can be hacked. Is that a problem? Yes, even if you move and secure your own coins, if others are stolen and sold, your coins will drop in value dramatically, and panic sales would be all around.
    33  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 17, 2017, 11:02:30 AM
    Hi Mofo, nice you join the discussion. There is no working wallet because mainnet hasn't launched yet. It's an ERC20 token so you can use MEW as a wallet for now.
    34  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 16, 2017, 03:01:21 PM
    Convince yourself by knowing a lot of people think like you do. “Quantum computers. Ok, I read that’s like 10 years from now. I’ll be back later.” And after finnishing that thought most look no further into the complete aspects of the project.
    Price is undervalued. Buy now, and a 25% gain next year, will be a 100%+ gain on your investment you put down now, because it will be doubled by then a few times. Emagin you bought ETH for a few bucks.

    But QRL doesn't only focus on quantum resistance. It's their primary focus before launch, because after launch it's to late to become 100% resistant. Look at the list of things below of things to come, and keep in mind that the base of these things is 1 of the most secure cryptography around, if not THE most secure, and therefore the most safe there is. People put their hard earned cash in crypto, safety is for most one of the biggest priorities. And not just the safety of your money has quantum secure cryptography as protection, AL of the below has this high end security feature:
       •   PQ secure digital identification
       •   Blockchain based ultra secure digital ID.
       •   Leveraging Ephemeral messaging layer with off chain services: PQ secure data channels, PQ secure comms, PQ secure messenger services, PQ secure VOIP, maybe even in the future PQ secure VPN. They actually had their first milestone on this subject a while ago: QRL managed to create a working, blockchain-based, decentralized, ephemeral, post-quantum cryptography secure textmessage conversation. https://twitter.com/QRLedger/status/935620455922364416
    so that is:
    - Blockchain-based and decentralized: we all know what that means. But now instead of the bank, you take out the phone company.
    - Ephemeral: like snapchat, the message isn't stored anywhere, so it's a burn after reading, where the burning happens automaticly.
    - And it's also like whatsapp where only the sender and the receiver get to be able to read the encrypted message.
    - Post-quantum cryptography: meaning not even a quantum computer can hack this data. It's quantum secure.
    Lots of people think: "Well, who cares, an upgraded message service.." Here's the thing: it's maybe a few words now, but still, it's data being transferred. Doesn't have to be text, can be any kind of data in the future. This opens the door to the PQ secure list mentioned at the beginning of this bulletpoint.
       •   PQ secure provenance and proof-of-existence services.
       •   Feasibility of smart contract integration. (!)
       •   PoS with no minimum amount needed to stake. Also possible on low cost, low energy device like Rasp Pi3.
       •   Ledgerwallet

    Other than that, the development of quantum computers will be a lot faster than 10 years.
    See how development speed up this year. The media didn't connect those dots yet. (51 qubit quantum computer = quantum supremacy where it is more powerfull than a supercomputer.)
    - 2010: They had a 3 qubit quantum computer working that calculated the energy spectrum of molecular hydrogen to high precision. So that day the part where anybody doubted quantum computers woull be realized some day AND would have usefull working coding, was vaporized. There are still people saying, "well it's just theory now, not sure if quantum computers will even exist." They missed this news. Its already functional, now they need to get them powerfull enough to outgrow supercomputers.
    That's happening fast now:
    - IBM may 2017 made a 16 qubit quantum computer
    - IBM nov 2017 made a 50 qubit quantum computer
    - Google announced to have a 51 qubit quantum computer at the end of 2017
    - 2017: Microsoft reveals an unnamed quantum programming language, integrated with Visual Studio. Programs can be executed locally on a 32-qubit simulator, or a 40-qubit simulator on Azure. They made it into a quantum coding development kit. Coding will develop fast now.

    Now that’s just a short list of the tip of the iceberg of development. There are tons of companies working on coding and hardware development. It’s an arms race speeding up.

    But don’t forget the secret projects of banks, agencies and countries like USA, China, Russia etc. They won’t give up how far their development is.

    Now don't buy in out of fear for quantum computers. Buy in because it's a great sollid project.
    35  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 12, 2017, 05:46:21 PM
    Now that the hardware is getting there soon, quantum coding will speed up with it. Microsoft releases it's first quantum coding kit. (QRL is mentioned in the last paragraph of this eWeek newsarticle about the coding kit!!)

    http://www.eweek.com/development/microsoft-releases-free-preview-of-quantum-development-kit

    Quantum computers will be available through clouds. (IBM already has a 5-qubit quantum computer open for anybody in a cloud.) Anybody can start practicing coding with these kind of kits. IBM:

    https://quantumexperience.ng.bluemix.net/qx/experience
    36  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 11, 2017, 08:03:49 PM
    What's your problem man? You really need to watch your language.
    37  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 10, 2017, 04:26:04 PM
    Oh, and about  ""stable in USD" bullshit". I bet you think it's ridiculous BTC is measured in USD aswell right? Stupid BTC! Stupid crypto!! All idiots and Sammy is the king right? Maybe best for everybody if you get back to your crackpipe.  Grin Grin Grin Kiss
    38  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 10, 2017, 04:18:23 PM
    Just a reminder to all the morons who are still holding this shit:

    * Their paper guy sent FUD emails to investors few days after trading launch, price tanked
    * He did it again and dumped price even further
    * Waterlend dumped his QRL stash (he bought own ICO so he got it for free basically)
    * They are "developing" quantum snake oil using scripting python language
    * Moron on twitter have no idea how to tweet properly
    * Discord is a circle jerking with bans if you ask sensitive questions
    * Many people left
    * During all this time team never delivered quality updates to community
    * If you still chilling yourself with "stable in USD" bullshit, sorry, even fiat value goes out of alts

    Serious project understand the value of deadlines, they altered all deadlines so we all have no idea when they will deliver even basic features on mainnet. meanwhile they keep adding features which must be postponed for scheduled protocol upgrades like all normal crypto projects do.

    All this project is a bitcoin theft, "CEO" never spent any, dumped his QRL instead because he knows it perfectly that value of it is zero.
    They claim there are a dozen of people working on a project, they are just having fun with buddies. Python script for thousands of BTC.

    Ah Sammy, you put the crackpipe down for a bit and got behind your computer I see.
    It's not questions that got you banned. It's stuff like "you can eat dirty whore's pussy, bitch." that got you banned.
    Discord is growing, testnet is doing great, they actually have frequent quality updates, maybe a bit too technical for you to understand it's value though.

    And deadlines? Clearly you don't know how much delay ETH had. (You know, the # 2 valued crypto.) Simple shitprojects get their dealines copy pasting. This is some serious groundbreaking developing. They launch when perfect. And that is what I want my money in.

    And about the "stupid features". If you don't understand the value of these features, maybe it's time to sell and invest in something else. Lots of these interconnect with the core of the project, so some basics need to be implemented before launch.

    You obviously haven't got a clue what you rambling on about.  Undecided
    39  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: December 03, 2017, 07:01:49 PM
    I would like to see your online wallet at work. So far, transactions have not passed. I tried unsuccessfully to transfer a few coins from one address to another. I hope soon it will work.

    You are not actually trying this with your own QRL tokens right? You know the wallet is part of the testnet? Not the actual wallet yet, doesn't work with your ERC20 tokens. If you want to try, you need to join testnet, they will give you test-tokens. Then you start staking, and you can also transfer tokens etc. But testnet tokens, not your own bought QRL tokens.
    40  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] QRL - Announcing the Quantum Resistant Ledger on: November 25, 2017, 02:46:49 PM
    I believe for BTC the public key is vulnerable as soon as the adress has been used once. So for a BTC address to be safe for quantum attack, it has to be unused. Ever.
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