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Author Topic: Is Willow (Google new quantum computer chip) going to kill Bitcoin?  (Read 1093 times)
Marvell1
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December 13, 2024, 08:49:34 AM
 #41

I've been hearing this since I was new to Bitcoin and that really scared the hell of me. But as time passes by, if there have been talks of it before about decrypting and destroying Bitcoin and its algorithm, it should have been done long ago.

As far as I know there have been in existence of quantum computers and for sure the agencies in the US and other top countries have been using it. So, why they shouldn't just use it for their own sake if they want to deal or destroy Bitcoin's network?

Because they can't, and these are all talk and it is going to cost them a lot of money to do so than whatever will benefit them after doing it.
I was also confused by the news related to quantum computing in my early years in the market. But the funny thing is that years have passed and the news is still just news, there is no more evidence to confirm that quantum computers can destroy bitcoin or cryptocurrencies. I don't know what quantum computers can do but like you said: if it could destroy bitcoin it would have happened already, not waiting until now and everything has not happened yet.

In addition, I believe that bitcoin developers will not miss any threats to bitcoin, they will also make changes and give development directions in accordance with the development of technology. So we don't need to worry about these nonsense.

Left... the space..
pension_guy
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December 13, 2024, 09:45:21 AM
 #42

even if they crack it and can access the money. isn't it a crime for them to take / transfer the money?

fikrett
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December 13, 2024, 09:48:07 AM
 #43

even if they crack it and can access the money. isn't it a crime for them to take / transfer the money?

Of course, it is.
But if the money is theirs now, what you are going to do? Crack them back?

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December 15, 2024, 03:14:47 PM
 #44

even if they crack it and can access the money. isn't it a crime for them to take / transfer the money?

Of course, it is.
But if the money is theirs now, what you are going to do? Crack them back?

sue Google
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December 15, 2024, 08:39:46 PM
Merited by JayJuanGee (1)
 #45

even if they crack it and can access the money. isn't it a crime for them to take / transfer the money?

If we're talking about finding Bitcoin private keys that contain balances (i.e. not any targetted attacks), that's a bit of a gray area and I don't think many countries would have laws specifying this.
It's not quite the same as trying to get access to someone's private account. You could say that it's the responsibility of everyone who participates in the Bitcoin network to know and accept all the risks. And if we create a situation where you're unable to use Bitcoin unless you're able to explain every transaction to authorities and prove that you're the "rightful" owner of the coins, then what would be the purpose of it anyway?

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