/biz/ - Business & Finance

it will invalidate current protocols but quantum resistance won’t be very hard to implement

Why not just implement penile biometric security?

>muh quantum computer
Stick around - that meme works better in the mornings

>>21279696
it will be for PoW

another reason BTC will fail. ETH will be fine

>>21279723
heheh penile

>>21279785
And LOKI will be fine too

>>21279546
The moment computers can break crypto security, crypto currencies are the last thing you should worry about. At that moment all of the internet, and all banks are completely fucked.

how often can u successfully guess ? fucking kek

>>21279546
what is SHA-1
u ARE a brainlet this has already been theorized, they will move to SHA-3 by the time the computers become that powerful you fucking retard educate yourself

>>21279901
and nuclear launch controllers

>>21279976
this. nice job falling for clickbait and then coming here to advertise your retardation, OP

>>21279546
>(((greenberg)))
opinion discarded

>>21279546
Fake news.

>>21280074
you obviously dont understand the different classes of cryptographic hash algorithms and just like another Anon said crypto would be the last thing you would have to worry about

>>21279723
I've heard of keeping a condom in your wallet, but keeping your wallet in a condom? Now that's next level thinking.

>>21279723
>penile biometric
Hahaha. Good one!

>>21279546
>quantum computer
As a physicist, I can tell you with 100% certainty, a true usable quantum computer won't exist for at least next 25 years.
The first and most difficult problem: quantum decoherence.
We simply don't have the physical knowledge to prevent this from happening yet.

>>21280154
This. You’re going to have to worry about using up your knee pads in /pmg/

>>21279976
>sha-3
my sides

>>21280300
kek just woke up and fell for a shitpost MMMMMMMMMMMMMMMMMMMMMOOOOOOOODDDDDDDDDDDDDDDDSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

>>21280410
I was referring to the inevitable innovation of it but its ok metacommentary is hard even for normal people i can only imagine how hard it is for an autist such as urself

>>21279776
Could you give me a serious qrd as to why it isn't a concern? It's the biggest stopping block to me piling in to crypto.

>>21279546

Enjoy guessing hashes until the end of time to find 37 cents

>>21280295
thats if we ever figure out the proper math to apply at that level
we will prolly be all killed off by this chimpout that has been coordinated by ((them)) and never even make it to a type-1 civilization

>>21280515
>>21279901

Cryopto currencies are essencially built on the same security tech as everything else regarding computers. So it's not as much that it's "Not a concernt" but that crypto currencies are better protected than most of the web. It would be easier to brute force yourself into a computer to take controll over the wallet that way than to actually guess a wallet worth stealing

This may of course change in the future. But so will crypto.

As a /g/ tourist this thread makes me cringe.

>>21280767

>>21280515
The magic chandelier is not going to guess open your encryption, the hardware and software vulnerabilities that governments know about (and possibly pressured manufacturers to create in the first place) that the entire digital infrastructure runs on will.
When the people in charge whose trillions are kept secure globally by encryption start buying these ceiling-mounted Juiceros to handle their finances you should start worrying. Until then it's just daydreaming.

>>21280946
Well its not just private institutions that may have access to them (Google for one), but DARPA is meant to be something like 20 years or so ahead of what we know about.

I mean they might develop new coins once the tech becomes more accessible, but surely the first wave will allow mass mining of new coins or peeking at the blockchain ledger?

>>21280098
>everytime

>>21279785
the issue is not pow vs pos you mongloid

>>21280154
Imagine going to school with niggers bros

This isn't hard to do if you're guessing keys generated from weak or common seeds. I found a few BTC wallets myself that didn't belong to me and had small balances. Apparently I wasnt the only one, I kept an eye on the wallets and some had several low value deposits over the course of a few months, but the money was always transferred out within seconds

>>21281265
sorry anon but no. the state of the art here is now within govt, and public and private sector progress is very well known. we are still nowhere near anything worth considering.

>>21281688
stupid LARP

>>21281643
better to observe the behavior firsthand for a bit

>>21281688
article says it only affected very weak or corrupt keys

>>21281749
Not a LARP. The take away is don't use a week seed to generate your keys

>>21279829
is this shitcoin still going?

>>21279785
The issue is signatures.
Quantum resistant signing methods can be implemented with a protocol change.

>>21280154
what was the aftermath of this

>>21280515
Sure. Given that Bitcoin uses the same encryption as militaries worldwide, you can be sure that if a quantum computer could be used to break it, foreign militaries would be the target. Then anyone researching a use that revealed how to do it to those same foreign militaries would be offed.

That clearly isn’t happening, therefore quantum computers are not a problem to Bitcoin even if they could be used to break it.

>>21279546
Crypto is Very high risk. BTC could Go to $0 overnight.
Deal with it

>>21279785
Its not like this hasn't been thought of.

The real value is the ledger, not the protocol. For example, you could just fork bitcoin and run it on ethereum. Whatever.

my bank password is a 7 character word that you could look up in the dictionary.

Bitcoin is the perfect proof that no one has managed to build and operate a powerful quantum computer OR have any psychic ability whatsoever

>>21281989
What you're just telling me there, is that state actors have every reason to want to develop practical quantum computing as a "black budget" project, to spy on each other.

The state may not want to get involved in the crypto market directly and tip their hand internationally, but again, they could peek at the blockchain or decide to subtly fuck with certain coins.

>>21279825
>green id
he's gonna make it

>>21280295

What if it was emulated on a large enough blockchain?

>>21279546
All these years and I thought I'd already seen the most retarded people on this board.

Honestly theres ways to mitigate bruteforce attacks. You can have cooldown periods after wrong passwords. You can have mac address or ip address match requirements. Etc