/biz/ - Business & Finance

>>15673940
Your wallet is now mine

>>15673940
That wallets will be vulnerable by mid 2030s if there is not an upgrade.

Absolutely nothing retard

By the time quantum computers hit mainstream (If they ever do) the big mining companies will probably use these instead of the 1000's of miners they currently use. Wouldn't being decentralized on top of quantum computers help in the case of a quantam attack?

>>15674173
What is lattice cryptography?

If Bitcoin can get cracked so can literally everything else meaning the end of far more than just Bitcoin. Pretty much would mean the end of the digital world as we know it

>>15674194
Also this

If you had full control of this computer for a day, what would you do. Be honest

>>15674223
Scroll through Facebook, play runescape classic on max settings probably.

>>15673940
chainlink is anti quantum proection from her

>>15674223
Seed a torrent at quantum speeds

>>15674194

>>15674223
Shut down SWIFT, Western Union and erase all the holdings of the banks.

>>15674381
Hes actually right because the internet runs on encryption and if you can decrypt it you could just shut the internet down. All your banking, all your accounts in databases etc, its all succeptible (Im not looking up how to spell that) to brute force attacks of that power.

>>15673940
Doesn’t mean anything. Whatever processing powers exist at any given point will just have more 100,000-years-to-break encryption methods. New encryption methods are much easier to make than more powerful computers.

>>15674223
Honestly?
Crack Satoshi's Bitcoin wallet to get its seed and pose as the real Satoshi.

>>15674194
The difference is, Bitcoin can easily be upgraded. You're not having to wait for each bank & business to upgrade each of their systems (while still maintaining compatibility).

Funnily enough, if this shit ever kicks off, it could actually be quite bullish for Bitcoin etc. The decentralisation should mean quicker fixes, while the traditional businesses lag behind.

Imagine if it was THE only secure digital payment medium.

>>15674382
That would be awesome!
Trust on banks would collapse and trust on Cryptocurrencies would skyrocket.

Just imagine $2.000.000 Bitcoin, $1.000 Nano and $10 Dogecoin...

>>15674223
Steal money obviously

>>15674422

>>15674446
Just imagine all the dead kikes.

>>15674495

>>15674429
This. Decentralized development is proactive. The traditional banks will wait for some (((professionals))) to host a conference to educate other (((professionals))) what to do 10 years too late.

>>15674223
i'd use it to generate exabytes worth of deep fake pornography for a lifetime of coom

>>15673940
whats a "classical" computer? a high end gaming rig? an overpriced mac? a black lady at nasa?

>>15674223
Run Witcher 3 on medium settings.

Thank you Sergey

>>15674904
they compared it to this exact computer. apparently the same task would take it 10k years
https://en.wikipedia.org/wiki/Summit_(supercomputer)

>>15673940

Time to up the difficulty of the problems I guess

>>15674422
except those encryption methods would be much slower to solve on regular computers, which is what the majority of miners have.
Meaning every miner would need a quantum machine. Not viable. Before that can happen every problem would be solvable by the few people who have one.

>>15675094
Praise Geraldo!

>>15674223

Make every private photo on the internet public for shits and giggles.

>>15674223
Use it to shitpost on /biz/

>>15675474

Oh fugg, what would you even shill if you control 99% of threads and replies on here.

>>15674429
>easily
We've already got 5 forks, it's going to get a lot worse when there's 10 quantum forks

>>15674428
nobody would believe it anyway, and you'd end up with a giant tax bill and the only way to pay it is by crashing the market

Shit plan m8

>>15675395
This is a good point.

>>15674392
>>15675395
>>15675869
no it's not, look up lattice cryptography

>>15674194
This
Retarded bobos will short it to death then lose all their money when their bank gets hacked kek

>>15674428
>pose as the real Satoshi
WTF is this faggotry?
You get access to possibly billions, and you use it to fucking LARP?
WTF biz

>>15674148
believing what they say

>>15675878
no, you look it up, bitch

>>15674428
If I had access to Satoshi's wallets with over 1 million bitcoins in them, first thing I'd do is transfer them into quantum-proof addresses (basically any address that hasn't been reused).

Then I'd spend the entire day to find all other P2PK UTXOs (basically all the non-quantum-proof addresses) and all non-empty reused address, and crack all those and transfer them into quantum-proof addresses.

Then I'd start running TONS of join markets and mixes on Wasabi wallet, nonstop for YEARS, and run paid campaigns on Reddit and 4chan to shill these, until everything has been mixed beyond recognition.

>>15673940
I did the math, and it would take Google's computer 40 million years to crack a Bitcoin wallet. So it isn't exactly there just yet.

>>15674277
My nigga

>>15674194
>>15674381
I'm pretty sure they just update the encryption method. There are quite a few encryption methods that are supposedly quantum computing resistant.

Pretty sure Google is using this machine right now to access petabytes of personal data, if they don't have dirt on every head of state by now, they're doing this wrong

>>15674223
Make an AI so realistic that online games would just be against CPUs . Further enslaving everyone in solitude

>>15675878
lattice cryptography is just harder (or impossible) to hard-solve. But the whole point I'm making is that the algorithm NEEDS to be solvable for POW.
Which means that after quantum machines only POS will work (if it does). Unless they come up with a radical change to how POW works.

>>15675859

I, for one, welcome our new QuantCoin overlord.

>>15674148
imagine not being able to see the writing on the wall?

>>15673951
only if you reuse them and that is a big if, making a quantum computer larger than 20 qbits is extremely expensive and problematic. you would need 256 or more qbits to shor btc private keys.

>>15674148
this is the problem with quantum computing actually
making the algorithm to perform the calculation

>>15674428
you're sad, Craig LOL