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Author Topic: the quantum computer will crack the btc private key and destroy Blockchain ?  (Read 158 times)
blackandred
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May 11, 2018, 02:29:29 PM
 #1

if the quantum computer is mass-produced , ordinary people can use it to calculate the private key of all bitcoin wallets and take away the bitcoin inside . bitcoin encryption algorithms need innovation . quantum computer mass production takes about 3 years .
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May 11, 2018, 02:55:03 PM
 #2

if the quantum computer is mass-produced , ordinary people can use it to calculate the private key of all bitcoin wallets and take away the bitcoin inside . bitcoin encryption algorithms need innovation . quantum computer mass production takes about 3 years .
this is possible . Satoshi  may not have considered this issue . now you can buy a quantum computer and steal all bitcoins . a valuable finder . unfortunately , i did not merit
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May 11, 2018, 03:23:06 PM
 #3

if the quantum computer is mass-produced , ordinary people can use it to calculate the private key of all bitcoin wallets and take away the bitcoin inside . bitcoin encryption algorithms need innovation . quantum computer mass production takes about 3 years .

Not going to happen.

Those quantum computers will be expensive when released (a few years from now), not available for common people.
And when these computers are being adopted, signing schemes and cryptography are going to be improved as well.

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May 11, 2018, 03:46:41 PM
 #4

if the quantum computer is mass-produced , ordinary people can use it to calculate the private key of all bitcoin wallets and take away the bitcoin inside . bitcoin encryption algorithms need innovation . quantum computer mass production takes about 3 years .
this is possible . Satoshi  may not have considered this issue . now you can buy a quantum computer and steal all bitcoins . a valuable finder . unfortunately , i did not merit
You can't buy it yet and it will take way more than 3 years to develop working quantum computer. They already made prototypes but they were not capable of calculating even simple things normal PC can calculate in seconds.


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May 11, 2018, 03:54:21 PM
 #5

Quantum computers were first being thought by the CIA and now Google and IBM are also racing and competing to release a quantum computer. Quantum computers are supercomputers and can solve algorithms a thousand times faster than normal computers. But let us say that if the masses are now using quantum computers will it be the end of bitcoin, the answer is not. If the technology is improving cyber security is also improving and that is why our bitcoins are still protected when the time comes.

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May 11, 2018, 05:01:49 PM
 #6

It is not as easy as people think. Proof-of-work isn't as vulnerable to “quantum speedup” as people think, and the signature can be replaced with something more quantum-resistant before the day of reckoning.



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May 12, 2018, 07:55:33 PM
 #7

Nothing gona happen like this because it is not easy as you are thinking. Those quantam computers won't be available for common people as its price will be out of reach for the common people. Without this signing schemes and cryptography will be more secured when this computer will be adopted.
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May 12, 2018, 08:27:27 PM
 #8

Agreed with you. I think quantum computers can help to make the transactions more secure and reliable.  But it might replace blockchain. I hope to have a sound and proper system in coming days.
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May 12, 2018, 08:55:36 PM
 #9

if the quantum computer is mass-produced , ordinary people can use it to calculate the private key of all bitcoin wallets and take away the bitcoin inside . bitcoin encryption algorithms need innovation . quantum computer mass production takes about 3 years .
I do not think that will happen. Including because this ability of quantum computers is still in theory, but in practice, while their creation is in question. However, if such computers are invented, they will not be immediately in mass production. At this stage it will be very good, for example, under the control of the society to decipher the bitcoins, to which access is lost for various reasons. And there are more than six million such beatcoins.

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May 12, 2018, 09:20:56 PM
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 #10

the difference between binary vs quantum. is not about folding space or entring extra multiverses.. its simply to go from 2dimenion(options) to 4dimension(options)

so when you heard them talking about extra dimensions. they were not talking about a multi verse. they were talking about
binary 0 . 1
quandum 0 . 1. 2, 3

imagine it this way
before 0 meant 0volts and 1 meant 1 volt. and by using the patern of voltage /lack of voltage peopl could create messages.. (like morse code) which is where binary first developed from.

with quantum its
0 volts, 0.33volts  0.66volts 1 volt which is is less like pulses of electric/noise/data.. but more like waves/sound pitches/data

so instead of just having 0 meaning stand still and 1 being move forward. now using quantum you can have 0.33 as left and 0.66 as right.. or even 0.33 move back and 0.66 as move forward and stand still.

it opens up new possibilities of options within a same transister holding the same maximum voltage as before. but now with a 'dimmer' switch to have different levels that can mean different things.

...
with that said . when trying to solve a binary problem you cannot just use a quantum qbyte to give out a qbyte solution.. because a binary system would not understand that.
and as such a quantum system is limited to its multi option approach to brute forcing because the end goal has to be binary acceptable

so for a binary logic problem it works out that quantum is only 2x faster at solving (sha256 hash)
as for vector problems(ecdsa), well they can be solved faster.
but knowing the maths of how many possible combinations there are. and how many millenia it would take.. even with a quantum computer, its still going to be beyond your great great great grand childs life before an address is bruteforced.

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May 12, 2018, 09:38:02 PM
 #11

Who says we are going to stay with the same encryption for years? If any system reaches the point where it's able to solve it within a couple hours (which still wouldn't compromise the network because people would be able to move coins around and change addresses frequently without the computer being able to interfere) we are going to improve the security. Also, nice explanation by franky1.

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May 12, 2018, 09:38:52 PM
 #12

It will never happen... Surely it possible to hack the private but it is not possible to destroy blockchain people designing the quantum computer will design it in a way that it will be use in a legal way or what do you think?
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May 12, 2018, 10:08:39 PM
 #13

Well we can never tell. The developers should take this into consideration. But i don't think that will be easy. Also, it will be very expensive. No ordinary people can afford it. And since technology is evolving, im pretty sure the developers would work their way out to protect our wallets from such an invasion.

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May 12, 2018, 10:21:43 PM
 #14

I hear a lot of people talking about this, but the truth is that this is not really a problem. There are several coins out there that should be safe against quantum computers. I know bitcoin is not one of them, but if the solution is already known, then developers will make the necessary improvements to the network if necessary. I think this is not an issue, and that is the only reason why an update wasn't released yet. If it ever becomes a problem, maybe in three years from now like you mentioned, then developers will address it before it causes any harm.

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May 12, 2018, 10:34:23 PM
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There's a simple answer to this. Before quantum computers are a thing Bitcoin will of undergone a hard fork which would change the current algorithm to a more suitable one. Consensus will be reached due to everyone involved in Bitcoin will want to secure their Bitcoin.

I'm almost certain that this will never really be a problem, and if it did become a issue then Bitcoin wouldn't be the only thing susceptible to abuse. Remember, that quantum computers only out perform most modern day computers slightly, although they would be exceptionally fast at certain tasks.

I hear a lot of people talking about this, but the truth is that this is not really a problem. There are several coins out there that should be safe against quantum computers. I know bitcoin is not one of them

Right, and how did you come to this conclusion? You do realize that Bitcoin has some of the leading minds behind it, and if quantum computers were to become an issue to the current algorithm then they would likely be the first ones to know, and prevent any issues. Most alternative coins these days are just copy and pasted versions of one another changing certain variables, and I for one question the technical knowledge of those behind the projects.

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May 13, 2018, 03:09:41 AM
 #16

And when that happens I think it will break the bitcoin, but it will not happen, and I think it's not as easy as we think.

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May 13, 2018, 10:48:04 AM
 #17

And when that happens I think it will break the bitcoin, but it will not happen, and I think it's not as easy as we think.
So, you think that something that can't happen will break Bitcoin? Your words and not mine. Anyone who doesn't understand quantum computers and how Bitcoin works will likely be a little concerned, but honestly the developers will be ready for when this becomes a issue, and encryption will get better due to it anyway. This isn't a realistic concern.

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May 13, 2018, 11:18:27 AM
 #18

Wow so this will be a threat to btc holder? Anyway it is not yet prove and there is still no report about this one hopefully that this is fraud so that bitcoin investment will continue and business will be as usual. Of course this is one of the best way to earn money. There is no other than doing illegal like selling drugs or smuggling firearms. This is better because you will not risk your like in joining cryptocurrency. And I know that the dev. team will come across to a good idea and it will be back to normal.

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May 13, 2018, 04:14:29 PM
 #19

This could happen. That's an issue to think about as Bitcoin is getting popular more and more this days. It will not be that easy to crack the bitcoin algorithms and scripts. But still, we must be cautious.
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May 13, 2018, 05:09:59 PM
 #20

The main thing is quantum computer is not for everyone also it will be released after few years later. Based on this, this computer is expensive also so it is not for general people who will use this computer is very low amount also it will not available for everyone in society. So it is not important or it’s not a matter of headache that it will crack and stole bitcoin because the bitcoin team are very much concern about it and they will find solution very soon also.
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