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Author Topic: Bitcoin and quantum computing dangers  (Read 143 times)
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November 20, 2019, 05:46:03 PM
 #21

The pink unicorn of analog computing, if the thing existed much more serious the would would have to deal with as bitcoin password issues.

"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling."  Satoshi Nakamoto, April 2009          Avoiding taxes is totally legal if you consider and respect the law.
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November 21, 2019, 01:30:45 AM
 #22

1000 super computers can able to crack the mathematical equations of one wallet but the cost of cracking will be higher than the fund available in your wallet. So simply we can say it is not any danger for it

Blockchain algorithm is most secured option to have in any business as firewall.

Given your statement, You obviously are CLUELESS as to the power of quantum computing.

Your conclusion is absolutely wrong, the Google quantum computer solved a 10,000 YEAR problem in just over 3 minutes.   Cracking every bitcoin in your wallet should take about 0.3 seconds with a quantum computer  Cheesy Cheesy Cheesy Cheesy

You may not like the idea, it might even bankrupt you, but since when did the laws of physics change because of what YOU thought Huh

Hard Facts
10,000 problems can be solved in just 3 minutes yes sure it's real but I doubt that it will only take 0.3 secs to crack open one wallet containing bitcoin. Bitcoin network is still secured to top tier and will surely even quantum computers will take some time cracking those combinations.

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