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Author Topic: This is REALLY BAD news for Bitcoin  (Read 3932 times)
crazy_rabbit
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January 03, 2014, 04:12:02 PM
 #21

If quantum computing works, we will have a lot more problems then just fixing bitcoin. Cracking bitcoin means cracking everything. :-/

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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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mjc
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January 03, 2014, 06:09:45 PM
 #22



Wow the NSA cares that much about Bitcoin, and not the defense of the Nation!??

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January 03, 2014, 07:44:13 PM
 #23

Old news, this was discussed a month ago and still someone reposts.

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January 03, 2014, 07:58:43 PM
 #24

If the do develop a quantum computer, it will be able to play some badass game.
Whatever happens it is win win.
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January 03, 2014, 08:24:31 PM
 #25

nope we look ok i was worried about this yesterday this is what i found

http://bitcoinmagazine.com/7781/satoshis-genius-unexpected-ways-in-which-bitcoin-dodged-some-cryptographic-bullet/

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January 03, 2014, 08:25:59 PM
 #26

this thread keeps coming back needs. Subject to be stick-ied in tech board

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January 03, 2014, 11:14:56 PM
 #27

Quantum computers are hyped about for decades, yet no substantial proof of their plausibility has been demonstrated.
I wouldn't worry about the NSA succeeding in building one.
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January 03, 2014, 11:21:34 PM
 #28

If I invented a quantum computer, I wouldn't use it to break bitcoin.  I'd use it to MINE primecoin dude.  I'd make bones, then destroy my work.

Do you even mine?
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January 03, 2014, 11:23:31 PM
 #29

Quantum computers are hyped about for decades, yet no substantial proof of their plausibility has been demonstrated.
Are you suggesting a machine that's capable of factoring 21 into 3 and 7 at about 50% of the time isn't anything to get excited about yet?
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January 04, 2014, 12:27:03 AM
 #30

LMFAO this is not even bad news for bitcoin. What a bogus article by a bogus newssource, seriously this is a mega troll.
This thread is a mega troll, dont belive anything you hear and only half of what you see.
omg nsa can crack bitcoin? How is this even bad news for bitcoin i dont understand what are you trying to imply ,
you jus put a link and dont explain ur thaughts

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January 04, 2014, 01:00:28 AM
 #31

If they can break current encryption, then BTC is the least of our worries.
They'll be able to break into banks, emails, virtually any online security out there.

Also, if quantum computers are available, people could probably mine with it and have the difficulty raise 100 fold.
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January 04, 2014, 01:33:02 AM
 #32

You were generous to give him a 4. 
I've seen a lot worse before.
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January 04, 2014, 02:06:43 AM
 #33

Hello idiot OP.

"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks"
😼 Bitcoin Core (onion)
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January 04, 2014, 02:11:07 AM
 #34

If quantum computing works, we will have a lot more problems then just fixing bitcoin. Cracking bitcoin means cracking everything. :-/

+1

end of story

crack bitcoin you can crack banks

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