Yeah people have been saying this for years but go look at many exchange wallets out there, they all reuse the same addresses thousands of times.
[snip]
Yes, people can reuse the same wallet address since the QC attack has not yet happened, but some of the reused wallet addresses for spending will be eentropy will be attacked with QC when the time comes. This is why this thread is a post QC to keep people informed so they won't be affected due ot lack of knowledge.
In contrast, Bitcoin will function normally in a world with powerful quantum computers with no issue. However, all the exposed public keys holding BTC will be in danger when a quantum computer with the right computing power is created, and we all know that most of the public keys we used on this forum are exposed to the public.
When I saw the Tweet posted by Willy yesterday on X (formerly Twitter), about what Bitcoiners should do for the preparation of post quantum I believe this needs to be shared so we can share knowledge, maybe it will help me and some Bitcoiners.
What's your take on all his explanations concerning the quantum attack day?
So I’ve been thinking, if the threats as we hope to assume that the Quantum computing age would cause it makes me wonder though, just how many address would not be offline and how does that works.
How it will work is that the attacker uses the Quantum to attack the exposed public wallet entropy
(and the wallet with weak entropy private information will be known), and it can also be used in mining space to find the next block early.
Most of the address we transact with ends up coming online every now and then, the address that are published on the blockchain after every transaction is initiated and proceeded. These details surfaces online and how traceable Bitcoin transactions are…
This is why the HD wallet is advised to be used, but needs to avoid spending from the public address used more than once.
If people become too scared of the safety of Bitcoin in a computing age, it raises the question of why should they indulge.
To prevent such a situation is the reason for this post-quantum awareness, so we can all get the needed understanding and knowledge about how we can protect ourselves from an attack.