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Blockchain latest news: a state-owned quantum computer could break blockchains in as little as three years https://www.computing.co.uk/ctg/news/3033006/state-owned-quantum-computer-break-blockchains-three-years 'A commercially viable quantum computer is still probably a decade away but the first rudimentary, state-owned device capable of breaking common one-way encryption algorithms like AES and elliptic curve cryptography could be with us much sooner.'
'Whoever achieves it first - and it could be within as little as three years according to Cheng - don't expect to learn about it in the news.'
'Whoever achieves it first - and it could be within as little as three years according to Cheng - don't expect to learn about it in the news.'
Post quantum we will have lots of forks. But the quantum upgraded original chain with all the mined coins will be the strongest. Anyone who has the privatekey of an old address can now move their coins and they will be quantum secure. Otherwise they are 'shalecoins' and have no owner and will be 'fracked'. These coins are the reward of their 'frackers'. If some think that the 'shalecoins' should be locked/destroyed, they can use the fork with excluded 'shalecoins'. They are already discussing such things: Fork and Destroy Satoshi's 1 million Bitcoin? https://bitcointalk.org/index.php?topic=5131393.0
Quantum computers will surprise the Bitcoin community. The 'shalecoins' will be moved and will become active. Thereafter BTC owners will decide, which fork they want to use.
No matter what, a decade is not such a long time. We should be discussing this stuff today.
Yes, squatter.Quantum computers will surprise the Bitcoin community. The 'shalecoins' will be moved and will become active. Thereafter BTC owners will decide, which fork they want to use.
I have no idea and I just learned it from this thread. Those coins in Satoshi's wallet will then be activated which sooner there might not have forgotten coins after all. I guess we can all say Bitcoin will live on to be 21M in total. Nothings wasted and SAtoshi has really thought all of these will happen one day.
Quantum computers will surprise the Bitcoin community? Yes.
