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Author Topic: Competition to Break Bitcoin's Cryptography and win 1 BTC  (Read 526 times)
fredericktaylor
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April 20, 2025, 04:42:07 PM
 #21

Still curious about of the outcome.
4 bits would be a breakthrough.
I know there are simulators for quantum computers that can get to 10 bits.
It is a good check of state of the art of quantum computers.
You're right. If 4 bits can do it, we'll see a great new achievement. It's true that we've seen very few examples of modern quantum machines succeeding. If they can really do it successfully, I think people's negative thoughts about the security of Bitcoin in the future will work.
I am very concerned about this result. Which researcher can successfully do this work?

I have always been sensitive about the security of Bitcoin.
Thanks you so much.

Silentcursor
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April 20, 2025, 11:57:07 PM
Merited by Pmalek (2)
 #22

Still curious about of the outcome.
Same here!

4 bits would be a breakthrough.
I know there are simulators for quantum computers that can get to 10 bits.
It is a good check of state of the art of quantum computers.
Actually, bits are for regular computers, while qubits are used in quantum computers. I know you might not be familiar with the term. Successfully cracking a qubit can be challenging because the current quantum processors, like those from IBM and IonQ, which I’m aware of, have limited qubits and, more importantly, noisy qubits. To crack a qubit, you would need a clean, entangled, and error-free qubit system, which is still rare even in research labs.

If anyone still wants to continue with this competition, I would recommend IBM quantum processors.

I will generate a working collision seed that places into a Trezor and hits a wallet.

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Majestic-milf
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April 22, 2025, 12:51:51 PM
 #23

I struggle to understand this prize.
If I had the power to break cryptography with a quantum computer, the prize would be much higher than 1 BTC.
Why focus on the 1 BTC prize when you can attack a Satoshi Coinbase?
Or why attack Bitcoin, in the first place, when you can attack much higher stakes?
Typical example of " you do the brunt of the work, I get the bunch of the pay". You do have a point though: why will I have to go through all that hassle and then get paid just 1 BTC when obviously I can get more than that. I do not know much about quantum computers and how much grounds they can cover or uncover but I do know that this offer is really rasing eyebrows and according to what one of the users stated earlier in his reply, after reading the prize and related terms, there's a " may receive 1 BTC "in the agreement, so I'm here asking myself if it's worth it.

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