If that is true and really possible, and if quantum computers will be publicly available in the next decade, then the crypto market will be destroyed. If Bitcoin, the second most secure currency, isn't secured anymore, then it will likely lose half of its value in the first year of the existence of those computers, and it will be the 90s and 2000s once again. Imagine someone developing an organized phishing program on these computers to steal Bitcoins.
If I remember correctly, in the 90s, there was a virus developed by a Filipino in some poor area of the country. The man was able to steal personal information via that virus and sell it. It's scary to think that happened in a poor country at a time when only the richest 10% could afford such a device. It will happen once these computers become public, and it will be a disaster unless someone creates a new improved concept of blockchain.
Reminder that not only Bitcoin will be affected but everything that runs on cryptography including VISA/Mastercard, your FIAT bank security etc.
Quantum secure algorithms are already here:
But they are not battle tested (real attack) and cryptographers base on simulations which as we know don't act 100% like the real thing and quantum computing is on a whole another level...
I doubt this
quantum resistant algorithms are really secure and this experimental cryptography may have hidden bugs exploitable by regular computing.
This is your daily reminder that maybe you should chill out and refrain from commenting on quantum computation and to a lesser extent AI until you are aware of reversible computation. The quantum computation and AI craze happening while everyone is completely silent about reversible computation is quite disconcerting. Reversible computation is the future of computation especially regarding algorithms like backtracking and brute force searching.
I think you do not understand what reversible computation is, at all.
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