Michael Saylor says quantum threat to Bitcoin is more than 10 years away

[Outhue]

Complete waste of time, not until the threat turns into real thing, emergency stuff, that's when a solution will come into reality, I went back and did some research only to find out that the quantum threat as been in existence since 2017, and till 2026 it's just a part of strategy to cause panic in the market, honestly speaking this needs to get dropped by everyone until real quantum computers are coming into existence, until then I am switching off, away from quantum computers nonsense.

[X-ray]

We can just sway these articles off under the rug, until the problem becomes real and there would be no solution to it..

But it will be worked through and everything will be fine. Saylor is not the first to "alarm" about it.

It's not like everybody just stay silent not finding solution. Every blockchain out there are actively finding the best solution but still gathering information. From bitcoin to ethereum and solana has been activelty seeking for solution and it's about time they implemented the quantum resistant technology.

Recently the quantum computer has faced a roadblock as well on how they manage the error rate. What saylor said is probably true and we're still decade away from functional quantum computers that could actually break current cryptography.

[nemesis_incarnate]

We can just sway these articles off under the rug, until the problem becomes real and there would be no solution to it..

But it will be worked through and everything will be fine. Saylor is not the first to "alarm" about it.

It's not like everybody just stay silent not finding solution. Every blockchain out there are actively finding the best solution but still gathering information. From bitcoin to ethereum and solana has been activelty seeking for solution and it's about time they implemented the quantum resistant technology.

Recently the quantum computer has faced a roadblock as well on how they manage the error rate. What saylor said is probably true and we're still decade away from functional quantum computers that could actually break current cryptography.

They may be just doing it without such resonance as Saylor, because clearly, they shouldn't.

[purple_sparkles]

What do you think about this?

It was said few years ago as if quantum computer bitcoin vulnerability will be possible in few years more but only to found out that people are just postponing when the vulnerability can begin as another 10 years havr been added not only according to this news but according to what I am seeing online.

According to this news, Michael Saylor said it may take more than 10 years before the vulnerability, and that if something like it is approaching and there is any need for imminent upgrade, that prompt coordinated software upgrades across global banking systems, internet infrastructure, consumer devices, artificial intelligence networks and crypto protocols, including bitcoin.

Some people are only making people panic by constantly posting about bitcoin quantum vulnerability.

https://cointelegraph.com/news/saylor-says-quantum-threat-to-bitcoin-is-more-than-10-years-out-expects-coordinated-global-upgrade-if-risk-emerges

I think that not only the technologies capable of breaking systems are developing, but also the technologies designed to prevent such scenarios. For now, we still have time and the opportunity not to worry too much about it. But I would probably divide that time in half, and then start paying closer attention to how events unfold and look for ways to protect myself from potential losses. Although it would make sense to already begin exploring this gradually and calmly now.

[ultrloa]

What do you think about this?

It was said few years ago as if quantum computer bitcoin vulnerability will be possible in few years more but only to found out that people are just postponing when the vulnerability can begin as another 10 years havr been added not only according to this news but according to what I am seeing online.

According to this news, Michael Saylor said it may take more than 10 years before the vulnerability, and that if something like it is approaching and there is any need for imminent upgrade, that prompt coordinated software upgrades across global banking systems, internet infrastructure, consumer devices, artificial intelligence networks and crypto protocols, including bitcoin.

Some people are only making people panic by constantly posting about bitcoin quantum vulnerability.

https://cointelegraph.com/news/saylor-says-quantum-threat-to-bitcoin-is-more-than-10-years-out-expects-coordinated-global-upgrade-if-risk-emerges

I think that not only the technologies capable of breaking systems are developing, but also the technologies designed to prevent such scenarios. For now, we still have time and the opportunity not to worry too much about it. But I would probably divide that time in half, and then start paying closer attention to how events unfold and look for ways to protect myself from potential losses. Although it would make sense to already begin exploring this gradually and calmly now.

Its good to prepare on those possibilities, but its also bad for people to always think about that situation. For now its irrelevant to worry on something that we don't know when to happen.

So instead of getting crazy about the potential effect of that technology. Much better for people to focus on their investment since they can provably gain more from here than always think about quantum threats.

Focus on present action, but somehow find ways to prepare future. Don't let those situation which didn't happened yet affect them.

[_act_]

Its good to prepare on those possibilities, but its also bad for people to always think about that situation. For now its irrelevant to worry on something that we don't know when to happen.

We should be afraid if we do not know when it will happen. Saying quantum computers can not make bitcoin vulnerability in 10 years from now means people know that it can not happen in the next 10 years or the probability that it can happen is very little. That is what that will give people confidence.

So instead of getting crazy about the potential effect of that technology. Much better for people to focus on their investment since they can provably gain more from here than always think about quantum threats.

Yes, quantum computers versus bitcoin discussion is too much, I read about it several times on the news every month which I do not think it is worth it. If something like this will happen soon, bitcoin developers will migrate to quantum computers resistant cryptography.

[AmoreJaz]

Complete waste of time, not until the threat turns into real thing, emergency stuff, that's when a solution will come into reality, I went back and did some research only to find out that the quantum threat as been in existence since 2017, and till 2026 it's just a part of strategy to cause panic in the market, honestly speaking this needs to get dropped by everyone until real quantum computers are coming into existence, until then I am switching off, away from quantum computers nonsense.

That is very true, it was already in discussion like 10 years ago. And look at what we have now? Still doing business with crypto. So yes, my take here is that when we get there, for sure, developers already have found a way how to address this potential threat in this market.

[Lida93]

Complete waste of time, not until the threat turns into real thing, emergency stuff, that's when a solution will come into reality, I went back and did some research only to find out that the quantum threat as been in existence since 2017, and till 2026 it's just a part of strategy to cause panic in the market, honestly speaking this needs to get dropped by everyone until real quantum computers are coming into existence, until then I am switching off, away from quantum computers nonsense.

That is very true, it was already in discussion like 10 years ago. And look at what we have now? Still doing business with crypto. So yes, my take here is that when we get there, for sure, developers already have found a way how to address this potential threat in this market.

Occasions has shown that when a thing is receiving excess hype of this kind as it's giving to the quantum computers it ends up materialising to be less of the hypes. It's a decade already and I am thinking that while such invention is being calculated on to be developed a solution to it on the other side is being worked on as well. The threat is simply not to bitcoin alone and that's why am optimistic that there's no cause for alarm.

[retreat]

I understand that quantum computing poses a threat to Bitcoin, and there's a reason he's so concerned about it, as his company is heavily invested in Bitcoin. But he's just an investor, he probably only has a general understanding that quantum computing will be a threat in the next 10 years - perhaps a friend told him that. But the core developers certainly understand this better, and they've prepared for any eventuality in the event of a quantum threat. Saylor's concern about it doesn't mean anything. He can't dictate how developers act, even if he's invested heavily, but that doesn't make him the driving force behind Bitcoin, it just doesn't work that way.

[Nwada001]

Complete waste of time, not until the threat turns into real thing, emergency stuff, that's when a solution will come into reality, I went back and did some research only to find out that the quantum threat as been in existence since 2017, and till 2026 it's just a part of strategy to cause panic in the market, honestly speaking this needs to get dropped by everyone until real quantum computers are coming into existence, until then I am switching off, away from quantum computers nonsense.

We can switch off and stop panicking, and many are already not panicking about the threat, at least for the time being, but those who are fighting and building effortlessly for post-quantum should not sleep and rest and wait for it to be a thing first before they take action. As long as there has been a start and the threat, the completion of quantum commands should not be overlooked, not because of price influence but for asset security.

[Hamza2424]

What do you think about this?

It was said few years ago as if quantum computer bitcoin vulnerability will be possible in few years more but only to found out that people are just postponing when the vulnerability can begin as another 10 years havr been added not only according to this news but according to what I am seeing online.

Just like they blame Bitcoin for money laundering and forget to mention fiat, they are targeting Bitcoin again with the new emerging technology while forgetting about every other sector. Maybe they don't want us to think about other sectors but about Bitcoin alone. WhatsApp, Gmail, and many other platforms we use can be vulnerable to quantum computers if they get into the wrong hands.

But with emerging technology, everything upgrades itself, so does the internet and Bitcoin too. I have never feared quantum computers and never will, because I own the keys, and developers are actively finding a better solution for this even if that day comes. A decade can be a lot of time, I don't know, but at least for now, they are using it to manipulate the market so they can create fear.

[serjent05]

What do you think about this?

No one knows when quantum computers will be an actual threat to Bitcoin.  As quantum computers develop, Bitcoin developers do not stop developing quantum-resistant code for Bitcoin.  So I do not think that it will really be a threat to the Bitcoin network.  I believe the patch will be implemented to make Bitcoin quantum-resistant before Bitcoin is affectd by the threat of quantum computers.

Anyway, as I stated, no one will know when the actual quantum threat to Bitcoin, it may happen, sooner or later.  It all depends on the research breakthrough.

[PrivacyG]

The quantum threat to Bitcoin will not become reality tomorrow, but that is not a reason to completely ignore the topic. It is important to discuss whether the ecosystem is ready for migration.

The "10+ years" timeline is calculated in an unclear way - progress in quantum computing is not linear. And the risk is not only that everything could be broken at once, but also that it could be compromised gradually, and possibly even unnoticed.

I think it makes sense to avoid address reuse and not confuse low probability with zero risk.

I entirely agree with you but the last time I said this, some Members poked me back and said I was spreading FUD.

Quantum Computing may not be a threat now but most of us did not expect its announcement before it was revealed and did not know such a thing even existed.  I very much doubt there are not any more advanced technologies in the works right now.  I get that this is not a doomsday situation and Bitcoin is not DYING or getting ready to die.  But putting doomsday discussions to the side, this is in my opinion a healthy discussion to have.

Considering this is now a thing and Bitcoin has to be prepared for it, it may not be a bad idea at all to actually make it resistant to much more than just that.  This is so in the situation where a particular country has a technology much more advanced, Bitcoin does not even feel the threat any more.  It is very well ready for the situation of today, it is getting ready for a Quantum future and it must be prepared for what comes after.  Yes, Bitcoin would be a stupid choice as a first target of such a technology when there are WAY larger things to target.  NASA, three letter agencies, armies, Google, huge data bases, the Internet itself et cetera.  But the small possibility of an eventual unnoticed Bitcoin attack should not be ignored as its effect would most likely be Bitcoin becoming worth nothing over night.

[Hanadawa]

Complete waste of time, not until the threat turns into real thing, emergency stuff, that's when a solution will come into reality, I went back and did some research only to find out that the quantum threat as been in existence since 2017, and till 2026 it's just a part of strategy to cause panic in the market, honestly speaking this needs to get dropped by everyone until real quantum computers are coming into existence, until then I am switching off, away from quantum computers nonsense.

Many people have talked about quantum computers and their ability to hack and crack Bitcoin private keys. However, there has never been any concrete evidence of this. Furthermore, if a quantum computer truly existed that could crack Bitcoin's cryptography, it would be much easier for that person or organization to hack the security systems of banks worldwide. And even if banking systems upgraded their 256-bit encryption to a higher level, I believe it would still be a very long time before quantum computers could be sold or commercially available. Currently, only a few technology companies have quantum computers, and most of them are used for experiments or weather research. The potential threat to Bitcoin remains, but I agree with you, it's still irrelevant to discuss at this point, as it's still only theoretical.

[Patikno]

When slightly more powerful quantum computers appear which will certainly be at least 20 years from nowthe first things to be destroyed will be the dollar, euro, and other fiat currencies, banks, Visa, and Mastercard, long before Bitcoin because they rely on weaker cryptography.

I completely agree with you, and I think all the banks in the world will be the first to be threatened by the presence of Quantum Computers, and I think it will have a big impact on the destruction of fiat currencies. Besides that, I think we can start talking about quantum threats to Bitcoin, when some companies that rely on weak cryptography are truly threatened. However, I don't believe quantum computers can be a threat to Bitcoin, if quantum computers are really as powerful as they are being touted, then I think their use will be very limited, and maybe will be strictly regulated to prevent misuse. So, I think that is why I don't believe in it.

[Cryptomultiplier]

Has there ever been any new technology that comes out or that is newly launched without failsafe or anti security to prevent those who want to take advantage of it to their greedy benefits? Absolutely not I believe.
So all these panic and FUD created by the emergence of quantum computers or integration and upgrade of AI bots shouldn't be a top performing topic with so many concerns on this board.
Am not castigating this post, I love it, it just ain't scary to me as it would to others who worry over little things.

[PrivacyG]

Has there ever been any new technology that comes out or that is newly launched without failsafe or anti security to prevent those who want to take advantage of it to their greedy benefits? Absolutely not I believe.
So all these panic and FUD created by the emergence of quantum computers or integration and upgrade of AI bots shouldn't be a top performing topic with so many concerns on this board.
Am not castigating this post, I love it, it just ain't scary to me as it would to others who worry over little things.

I find it ironic how the 'Bitcoin versus Gold' subject continues to be actively debated and discussed ever since Satoshi was active here and yet discussions initiated by people partly afraid of future technology that may harm Bitcoin should be buried deep in the ground.  Many of these have in my opinion at least been productive.  There is a lot of Shit posting on this Forum, to me this does not seem to be one of those.  Now I am not saying this should be a subject debated and discussed 24 out of 7 but why the strong crack down on this topic of discussion from so many Members?

[Furious 7]

What do you think about this?

It was said few years ago as if quantum computer bitcoin vulnerability will be possible in few years more but only to found out that people are just postponing when the vulnerability can begin as another 10 years havr been added not only according to this news but according to what I am seeing online.

This is the safest way to put it with not too much confidence but not too much fear of quantum computers.
At least in this case he is prepared with all forms of risk although for now the news about quantum computers for me is still too exaggerated.

In the next few years or decades technology will be more sophisticated because every year there are always developments but in this case that does not mean we all need to be afraid of quantum computers because fear will actually show that we are not sure that bitcoin can protect itself from attacks like this.
We only need to prepare for all possibilities including the worst possibilities because technology continues to develop as well as bitcoin so we only need to follow the flow with the confidence we have.
After all, it is said that the possibility of vulnerability does not mean that this will necessarily happen but we must be prepared for this possibility.