/biz/ - Business & Finance

>Trying arguments against greed

LOL.... this board will not listen to you.

>>25871540
>(((quantum))) computers

>>25871606
this is the reason why fiat currency sucks ass shit and they have to print trillions just to keep our society from going barbaric cave man again.

memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant

>memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant
memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant

>memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant

>>25871540
Is there an altcoin that adresses this issue and trying to solve this problem? I'm curious about it

>>25871675
GRT, invest now

>>25871665
> fork, move to quantum resistant algorithm)

anyone who can decide what the entire bitcoin network does, is no different than having a central bankster decide to print 3 trillions of our currency and give it to his friends.

make a quantum computer. profit by solving optimization problems in various industries or
profit by stealing and dumping a billion of coins slowly over months?
which way will greed take?

reminder even nuclear workers in Russia tried to mine bitcoin on nuclear power plants computers.

>>25871788
>anyone who can decide what the entire bitcoin network does
retard, its obviously a community decision, do you think people will say "no actually i dont want to fork"
first of all no one wants that, and even if we will end up with BTC and BTC-PostQuant which will go to 0 kek

simple as,
stop making threads
i swear to god we have quantum threads EVERY DAY
i can see that because they keep slipping through my filters

>>25871675
No.

Altcoins and all other shitcoins like bitcoin, rely on peer-reviewed cryptography research.
If the coin makers are smart, otherwise they make their own crypto which is worse than what a high-school student can make and is broken by MIT researches as a weekend-project.

No altcoin maker has the skill of a cryptographer, they just reuse what is already in the field and known.
Cryptocurrency is applied cryptography.

Quantum resistant cryptography exists, but is still research-stage and just ideas, no real production-ready implementations, only alpha-stage "concepts" such as Lamport signatures.

Bitcoin cant just "switch over" or "just change your signing algorithm man".
Imagine if anyone has that power, to just move the entire bitcoin "1 trillion dollar marketcap" market by saying "hey guys just you know start using this software now this signature, not that other guys signature algorithm".
At best bitcoin splits into several shitcoins and becomes the next napster.

>>25871914
>what is a fork

>>25871833
Printing 5 Trillion dollars is a "community decision". You dont see anything wrong with that community decision do you?

In fact, its a democratic community decision since the decision makers are elected.

>>25871954
Have you not been around when bitcoin cash happened?
Or when the monero forks happened
I can smell the newfaggotry from your posts

https://csrc.nist.gov/projects/post-quantum-cryptography

https://royalsocietypublishing.org/doi/pdf/10.1098/rsos.180410

https://crypto.stackexchange.com/questions/59375/are-hash-functions-strong-against-quantum-cryptanalysis-and-or-independent-enoug

>Bitcoin and even other cryptocurrencies and their history are filled with examples of hardware and software changes that had to be made to make the network more secure and performant — and good security practices in the present (avoiding wallet reuse) can help prepare for a more uncertain future.

>So quantum computers being added to the mix won’t suddenly render classical modes of encryption useless or mining trivial — “quantum supremacy” now doesn’t mean that your encryption or the security of bitcoin is at risk right at this moment.

>The real threat is when quantum computers become many scales larger than they currently are — by which point planning for post-quantum encryption, which is already well on the way would come to the fore, and at which point bitcoin and other cryptocurrencies can soft fork — and use both decentralized governance and dynamism when needed in the face of new existential threats to defeat the threat of “quantum supremacy”.

>>25871540
>qubits
>Shors
>Elliptic Curve Digital Signature Algorithm
While you're throwing all these big words around... Why don't you actually follow a cryptography class 101 so you can at least try to act like you know what you are talking about?

>Be cryptographer
>Design cryptographic algorithm with current computing power
>Computing power increases dramatically due to breakthrough
>Oh noes, all existing encryption is now useless
>Use the new tech to create stronger encryption
Wew

>>25872000
This anon is right. Have you never seen miners vote before, OP? It was all the jazz back in 2017 with the big forks happening left and right.

>>25871833

All these week FUD threads are just nocoiners who sold the bottom, and they are now praying that that somehow wasn't a horrible decision (news-flash: it was).

>>25872000
BCH and SegWit do hint that there is a few elites who control bitcoin the network, and that the mining power is a literal waste of energy.

Since those who control the github keys to the "official" client, are in control of the network, the miners, the exchanges.

Bitcoin has safe-keepers, holy priest class. Just like USD.

When they can "user mode soft fork" "hard fork" then SegWit and hash-wars, they can do anything. Already happened. Needing to fork due to quantum computers will only make it more obvious to everyone.

>>25871540
No it can't.
No it doesn't work.
No there is no quantum.
No.

>>25872186
2017 miners "voted" to increase block size.
"Developers" forced their SegWit dick thru their throats like the little useless bitches they and their hashpower is.

>>25872266
HAHAHAHAHA

>>25872333
AHAHAHAHAHAHAHAAHA

>>25871945
I’m not even who you replied to but are you too dumb to read??

> At best bitcoin splits into several shitcoins and becomes the next napster.

>>25871914
>Quantum resistant cryptography exists
>but is still research-stage and just ideas
>just ideas
>ideas
You people are insufferable.

retarded schizo faggot

>>25872420
retard

>>25872333
>Quantum computers will render BTC useless!
"Quantum computers will spawn quantum resistant encryption algorithms"
>B-but BTC is supposed to be decentralized! Anyone who can decide what the entire bitcoin network does, is no different than having a central bankster. So you can't implement it!
"The community will vote on it. Since it is in their interest, the vote will pass and BTC will be forked to deal with the supposed Quantum threat"
>W-wel in 2017 miners voted and then developers did something else anyway!
Do you move goalposts for a living?

>>25872486
>Do you move goalposts for a living?

>>25872333
Miners didn't vote, don't make shit up, retard.

>>25872486
An high priest class, "developers", decides the fate of your coin. Just like USD.
Quantum computers will make it obvious even to normies. They can hard fork soft work left and right, inflate your coins anyway they like and you will defend them like normies defend printer goes brrrr.

Tell me now who is "the community" who will vote?

>>25872636
we could literally fork bitcoin right now and given a good enough reason it will become the defacto btc
BUT THAT WILL NEVER HAPPEN BECAUSE THERE IS NO GOOD REASON

>>25872636
>t.

>>25872705
>>25872683
Do you actually believe this?
Please tell me you're trolling

>>25872683
Who is we?
Who is this "community" in control of bitcoin? How are votes counted?

>>25872748
you and me are the community
there are no real "votes"

>>25872636
Alright I'll humor you and let you move the goalpost a bit further still. Let's suppose everything you said comes true. BTC gets rekt by quantum computers, priests inflate it away or fork BTC a thousand times, rendering it useless. What happens then? I will tell you what happens: a new crypto with more desirable properties will pop up and gain market share. You can't stop it.

The cat is out of the bag, and >>>/r/Buttcoin is that way

>>25872748
>Who is this "community" in control of bitcoin?
the bitcoin miners

>>25872748
>Who is this "community" in control of bitcoin? How are votes counted?
Anon, I...
https://lmgtfy.app/?q=Bitcoin+fork+voting

>>25872899
http://letmegooglethat.com/?q=Bitcoin+fork+voting

The other one sucks, but you get the point

>>25871540
>quantum computing
its good at playing chess, but is it really useful for anything else?

>>25871954
what is your point? did you think bitcoin is magical beans disconnected from reality? blockchain is just a different consensus system, nothing more and nothing less. instead of democratically elected representatives within a country, we have hashpower and other weaker signals like carbonvoting
if you're not happy with that form of governance why participate in it? some people decided to move on after the dao fork. some people went to bitcoin cash or even bitcoin sv (the poor, poor souls). some people avoid crypto altogether. it's all opt-in, and it's easy to opt out
you're flailing around in this thread like you've discovered a giant gotcha, when your "gotcha" is your own fundamental misunderstanding of the value of money. any unit of account is a social construct by nature, at least 2 individuals must agree said construct has value in order to trade. it's not a hard concept if you stop and actually think about it

>>25871540
>Bitcoin can not be simply redesigned to solve this. Its broken fundamentally.
Solutions already exist and are implemented. stfu.

>>25872951
anything that can be done by brute force, but currently takes too much time / processing power.
Encryption, probably complex simulations

>>25871540
>Muh Tether fud didn't work
Ah fuck it, next try

>>25872770
> you and me are the community
> there are no real "votes"

> What happens then?
Bitcoin actually forks into many parts, since you have already seen BCH/SegWit wars.

Imagine now "muh quantum signing algo is better than yours".
Now add to that, each party will break the other parties scheme. Hash-power is much harder to mess with, yet the 2 sides hate each other so much they already had a hash-war and took losses, just because.

Now making a secure new quantum signing algorithm, yeah, there is gonna be vulnerabilities there.
The wars will only hurt all the forks of bitcoin.
Complete loss of confidence in both PoW and bitcoin ensues.

I agree tho a new cryptocurrency will take over, hence bitcoin will become napster.

The new cryptocurrency would be FEDcoin, and as seen here even bitcoinmaximalists dont mind having a high priest developer class ruling over the coin.

I feel sorry for all the normies buying into bitcoin now thinking another bullrun will happen 3 years from now, when 3 years from now its over and best bet would be to sign up for FEDdollarcoins.

>>25872841
the bitcoin miners all "voted" or signalled for bch and no segwit, then they still got tricked to accept segwit and no blocksize increase. tricked by developers like dumb toddlers.

miners are centralized and easy to control, bitcoin already had a majority of hashpower in a single pool. I guess they hade it better now than a majority controls the hashpower.

>>25873100
>Imagine now "muh quantum signing algo is better than yours".

quantum computing is a meme

>>25873100
>when 3 years from now its over
quantum is at best 20y away and at worst 100y
keep your dick out of your sister, retard

>>25873100
Everything you just said is conjecture, hyperbole and extrapolation based on your own schizo head canon. Just take the L and move on anon. Good thing 4chan is anonymouse and you can just pretend this embarrassment of a thread never happened.

>>25872966
moving goalposts
> 2009, bitcoin peer-to-peer cryptocurrency
nah, scratch that, bitcoin store of value
> bitcoin, immutable ledge
2013, nah scratch that, overflow bug revert those blocks by developer and "community" consensus
> 2009 bitcoin, 1 cpu 1 vote, 1 hashpower 1 vote any rules can be made like this
2017, nah scratch that, developers decide this new client will have segwit not hashpower
...
> 2009, money supply, fixed inflation schedule
quantum computer, nah scratch that, look take this fix for quantum resistant and also just a dev tax and more coins because reasons

The point is, USD and other fiat dont move goalposts and change governance structures like bitcoin has done and will have to do to deal with quantum computers.

>>25873245
>The point is, USD and other fiat dont move goalposts and change governance structures like bitcoin has done and will have to do to deal with quantum computers.
My lord... Do you really believe only bitcoin will be affected by a massive breakthrough in quantum computing? Dear anon, literally everything that is currently using encryption will be up for grabs. INCLUDING FIAT IN BANKS. Bless your heart.

>>25873192
>anonymouse

>>25873161
>at worst 100y
mfw never because all of the math is just retards making numbers match up and it has nothing to do with reality.

Anon here who works in government program to invest in quantum technologies. The notion that QT is being funded for malicious intent is unironically a huge meme - at least, that's true for the whole world apart from China. China is doing China things and stealing secrets from the West and has a secret program the rest of the world knows little about and no access to. That really shouldn't surprise anyone though. That aside, all the investments from the Western world in the industry are mostly about situational awareness (seeing the invisible) and counter to OP's uninformed claim, increased cyber security (satellite based QKD's IE unhackable digital comms). AMA I guess and I'll do my best to answer, but note I'm not a field expert. Also the government(s) of the West have recently introduced legislation that allows them to intervene on acquisitions of emerging technologies that count potentially jeopardize national security and this stretches into the realm of finance so yeah...OP tried I guess

>>25873330
Dumbass, fiat in banks is safe even if quantum computer exists. Hurr durr quantputer will now grow legs and start burning paper.
Now, any TLS connection is using DH, short lived within 3s, and forward-secrecy. Quantum computer wont be that fast to break those connections.
But bitcoin has 10minutes interval, enough time to break and still your coins.

>>25873161
quantum computer with 1000 qubits already exists.
cope more.

>>25873450
>quantum computer with 1000 qubits already exists.
>cope more.
On this front, the US National Institute of Standards and Technology has already started gathering proposals for post-quantum cryptography, encryption that would operate and not be broken even with much larger quantum computers than the ones we’re currently able to build. They estimate that large enough quantum computers to disrupt classical encryption will potentially arrive in the next 20y.

cope harder RETARD

>>25873450
>Dumbass, fiat in banks is safe even if quantum computer exists. Hurr durr quantputer will now grow legs and start burning paper.
>He thinks all FIAT is backed by actual paper
I am thoroughly enjoying this thread

>>25873490
The paper cant be destroyed dumbass.
I said also not the customers secure connections to their banks.

>>25873549
memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant

>memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant

memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant

>memes aside, i don't understand what goes on in the mind of smoothbrains. they freak out about crypto whenever quantum computing is mentioned, despite quantum computing being a solved problem in crypto (fork, move to quantum resistant algorithm). and they don't worry about all the companies, hospitals, airports, local power infrastructure, water supply running on legacy systems with no clear upgrade path to anything quantum resistant

>>25873549
>Quantputers will be extremely fast! So fast your Bitcoin network will be OBSOLETE!
>Wait wait wait, no no, it won't be THAT fast, in fact it won't be able to break TLS so normal banks will be fine hehe
Intercepting funds is not the only way to attack a bank with your doomsday quantputer, by the way.

Just reminded me of some old LINK/ETH FUD
>SUPERCOMPUTES ON EVERY CITY

>>25873687
cope

>>25873450
Is being retarded your fetish ? Do you get off by being humiliated ?

>>25871540
Quantum computers a a cabala meme to make money off rich fools who still think (((science))) can turn lead into gold. And it's being used to fud cryptography and crypto coins. It's magic that does whatever you want it to do at that particular time.

>>25871540
Bitcoin algo is quantum resistant. If new quantum computing tech comes along, they will just fork bitcoin with a harder encryption algo. Not an issue.

>>25871540
Weak fud:
https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin#Mitigations

Bitcoin already has some built-in quantum resistance. If you only use Bitcoin addresses one time, which has always been the recommended practice, then your ECDSA public key is only ever revealed at the one time that you spend bitcoins sent to each address. A quantum computer would need to be able to break your key in the short time between when your transaction is first sent and when it gets into a block. It will likely be decades after a quantum computer first breaks a Bitcoin key before quantum computers become this fast.

All of the commonly-used public-key algorithms are broken by QC. This includes RSA, DSA, DH, and all forms of elliptic-curve cryptography. Public-key crypto that is secure against QC does exist, however. Currently, Bitcoin experts tend to favor a cryptosystem based on Lamport signatures. Lamport signatures are very fast to compute, but they have two major downsides:

>>25875717
>>25875717
>>25875717

The signature would be quite large, at least several kB (40-170 times larger than now). This would be very bad for Bitcoin's overall scalability, since bandwidth is one of the main limiting factors to Bitcoin's scaling. Advances in scalability such as Segregated Witness (the signature is part of the witness) and Lightning will be helpful.
At the time that you create each keypair, you would need to set some finite maximum number of times that you can sign with this key. Signing more than this number of times would be insecure. Increasing the signing limit increases the size of each signature even more. Since you are only really supposed to use addresses once, this may not be a huge problem for Bitcoin.
There is also some ongoing academic research on creating quantum-safe public-key algorithms with many of the same properties as today's public-key algorithms, but this is very experimental. It is not known whether it will end up being possible.

A new public-key algorithm can be added to Bitcoin as a softfork. From the end-user perspective, this would appear as the creation of a new address type, and everyone would need to send their bitcoins to this new address type to achieve quantum security.

>>25871540
>What is hash rate?
Narrative destroyed

>>25872373
greg maxwell typed this

>>25871914
>Quantum resistant cryptography exists, but is still research-stage and just ideas, no real production-ready implementations
You mean like the quantum computers you described in the OP? lmao

Rose.

>>25871540
no it can't

>>25871540
>Quantum computer of 1 000 qubits is in testing in 2020
try 50 qbits annealing matrices can't run shors

>>25874654
I'm coping just fine here. Thanks for the laughs

>>25871675
Snowblossom

>>25876384
>>25876213
>>25876010
>>25875861
>>25875717
>>25875750
cope

> "they" will just fork and solve the problem

Bitcoiners: our high priests banker overlords will just print^H^H^H fork a solution into existence. trust them.

>>25876745
Fuck off twu.

>>25877554
Care to share an alternative? Or were you serious with the "FIAT doesn't have to deal with this" comment?

>>25871914
wrong. Quantum cryptography is a highly developed field. it's a none problem

>>25871540
if it could, it would, but it hasn’t, so it can’t. that thing is just a glorified chandelier to trick boomers into buying stocks

>>25877630
An alternative? To what?

Learn from bitcoin and make a better coin.

Lesson is any currency, even bitcoin has a governance.

Look at all these coping faggots screaming "nah nah noo cant hear you noo" and
"they will solve it", who the fuck is they, miners, developers, exchanges, Roger Ver, Winkelvovs, (((they)))? Second, who gave "them" the power to change bitcoin? Note that PoW is centralizing and causes worse centralization and power over the coin than any FIAT banksters can dream of. If you believe that "1 cpu 1 vote" thing from whitepaper.

Governance.
Bitcoin fails at governance, just like FIAT printer go brrrr.

BTW the only thing wrong with printer goes brr,is that most brr goes to already rich faggots instead of equal to everyone, like UBI. This unequality is why Satoshi created bitcoin, they inflated money supply to bail out banksters.

Now faggots are in here screaming just trust humans again to solve technical problems with currency.

>>25871540
this is why i bury all my bitcoin in the backyard

>>25872266
Can you do legacy tx? Yes.
You are an idiot

>>25878661
Look at the hate
Thats how you know Im telling the truth

The truth scares them, bitcoiners lol

>>25877554
no, i said you can't use q computers to attack wallets period

>>25877923
what ethnic demographic is this man a part of?

>>25877554
> "they" will just fork and solve the problem
technically taproot is already out, among other things it let's you reuse addresses without having to worry about q computers.
p2pkh, p2sh and segwit addresses are already quantum resistant to a great degree. which means in this century it's probably a complete non-issue.

>>25871914
>Quantum resistant cryptography exists, but is still research-stage and just ideas, no real production-ready implementations
is this what uninformed brainlets actually believe?

>>25871540
>But what if the internet globally goes down forever!
>But what if the space aliens give us future technology
>But what if-
Shut. The. Fuck. Up.

>>25878831
sssh nocoiner tards have to cope somehow or they would suicide... let them btfo themselves!

>>25871540
i hedge with mochimo

quantum computers can't crack quantum encryption.

>>25878880
so far they can't crack shit

IF this happened we can just fork.

>>25878918
no i mean even when a functional one does exist it won't be able to

>>25878955
well they can't even crack symmetric algos well and you would need a significant bitsize so do anything to public key cryptography adding a single bit is exponentially more difficult doubling encryption key sizes is basically at no cost.
it' snot like we have to rush to replace our algos.

>>25871914
BOOBA

>>25872133
what this guy cited... pretty much.
we as a civilization may not exist as long as it takes to render bitcoin as is insecure.

>>25877923
>Learn from bitcoin and make a better coin.
said every shitcoin ever and they all failed. funny that.
>Bitcoin fails at governance, just like FIAT printer go brrrr.
now you just went full retard. never go full retard!
>Now faggots are in here screaming just trust humans
you have to go back

>>25871540
why would a quantum computer need drugs?

You literally know nothing about quantum computers.

>>25871647
>just to keep our society from going barbaric cave man again
>implying (implying) that's a bad thing
take the Ted pill and never look back, you will not be able to anyway

>>25871540
>Bitcoin can not be simply redesigned to solve this. Its broken fundamentally.
Monero post quantum audit
https://www.youtube.com/watch?v=j02QoI4ZlnU

David Chaum's xx network is quantum secure
https://xx.network/codebase/

Andreas Hülsing has the best talks on post quantum crypto
https://www.youtube.com/watch?v=hebljeD0Ngw

>>25871954
>>25871788
the trust will go to be better chain, and it will be the one having value, it doesn't matter who forks, if there is a better product people and value will migrate

>>25879809
the trust will go to the** better chain

>>25879770
>Bitcoin can not be simply redesigned to solve this.
i wonder where the drooling brainlet got this idea tho? everything can be fixed it's just code but most importantly it's just habits. don't reuse your addresses and that's about it.

>>25877554
how is it cope? Refute the arguments.

>>25879851
>Bitcoin can not be simply redesigned to solve this.
>i wonder where the drooling brainlet got this idea tho? everything can be fixed it's just code but most importantly it's just habits. don't reuse your addresses and that's about it.

well in the Monero discussion they talk about how a public address where you store your Bitcoin and is known to everyone as the chain is public aren't safe, as you can extract the private key from the public key because ECDSA fails under post quantum assumptions. SHA256 still works post quantum.

xx network uses WOTS+ signatures which are really big.
I think your right though, and BTC will find a way to transition to post quantum it just doesn't seem that easy right now and it might require a hardfork.

I'm still long BTC and I bought some xx-coin to hedge my quantum risk. Quantum is still tail risk imho.

ooo what’s for dinner !
*looks at plate*
god not the quantum Fud again

>>25880277
>well in the Monero discussion they talk about how a public address where you store your Bitcoin and is known to everyone as the chain is public aren't safe
load of bollocks in general
there are more p2pk addresses loaded with coins thanks to satoshi than we would like... but nobody uses p2pk anymore.

>>25880277
>and it might require a hardfork
look up taproot m8, it's gonna change so many tings it's a soft fork builds on segwit which builds on p2sh.

>>25880277
look into mochimo too, it's got WOTS and other shit
i've not looked into xx network to compare though
t. shill

>>25871675
Monero has post quantum research ongoing.

>>25878714
you can use q computers to attack any transaction without hashpower helping in any way

>>25880751
and bitcoin has a solution tested and ready to go waiting for activation
oops

>>25880804
you do know that q computers are not magic right? you turn an exponential (impossible) problem into a much more manageable problem so you will get results in day and eventually in hours instead of eons and unthinkable timespans.

still not gonna do you any good.

>>25877923
it’s good that bitcoin fails governance. because governance is the working of politica problems, and political problems are problems that go away when they are ignored. It’s a feature of bitcoin that corrupt retards cannot easily change it.

>>25878779
> p2pkh, p2sh and segwit addresses are already quantum resistant to a great degree.
> to a great degree
the ultimate copium

>>25879241
> fiat currencies are filled with examples of ugprades and printer goes brrr to help economies grow further and prepare for a more uncertain future
how stupid you sound

>>25879646
hi uncle ted

> hard fork
read: your bitcoin becomes legacy unless you take action, your store of value requires you to work to keep their value. yawn.

>>25871540
Take a guess how much a Q costs to make. Take a guess how much it cost just to start up a Q. Take a guess how many people it takes to monitor the operation of a Q. Take a guess how many trained killers are protecting Q computers? Even if you were China, operating one takes more than just your average person. It would take years and billions to solve BTC and take it over. They have much bigger fish to fry.

>>25881054
at degree means you can1t use a q-computer running shor's on them. there may be other theoretical machines and algos that are complete science fiction that can maybe theorized to do anything to them.

>>25881054
you are like batshit crazy and off your meds correct?

>>25880992
eventually q computers will crack private keys in less than 10 minutes but surely more than a few seconds.

>>25881048
bitcoin needs governance to transition post quantum in one piece, and if it has any governance... who are they who govern it, why and how do they have that power, are they even accountable to anyone.
why do we even use then bitcoin instead of democratically elected governors of our currency. huh punks

bitcoin has already failed on so many of its premises, I member from 2009, immutable.
then ooopps oh achtually well overflow bug, now its not immutable.
peer-to-peer currency, goal post moved to store of value.

quantum computers will make it "store of value but if you only follow these governors and their fork". sigh.

>>25881162
>eventually q computers will crack private keys in less than 10 minutes
and by that time all addresses susceptible are long gone... end of story. go to bed!

>>25879646
That fucking Cumskin just screams "I HAVE AN UNDIAGNOSED MENTAL DISORDER"

>>25873549
You think your bank balance is stored as notes in a big vault?

>>25881210
It wont help you to use pay to hash or any other "muh address is a hash"

The Sender of a Trx always has to sign the with his public key.
Thats the one to break you faggots not the receiving address.

Any transactions sent, have to sign with their public key, revealing it. Within 10 minutes the q computer cracks the private key, signs its own transaction but sending the coins to attackers address and paying a higher fee.
Simple like that. Post quantum, any bitcoin trx can be stolen between the time its sent to time its included in a block.

>>25871540
literally everything will crumble if that shit becomes reality. who gives a shit about crypto at that point

>>25881435
>The Sender of a Trx always has to sign the with his public key.
like i said read about taproot educate yourself. it's already implemented quantum resistant signatures that don't expose pubkeys (cross-address signature aggregation).

>>25881435
>Within 10 minutes the q computer cracks the private key
that's pretty next century sci-fi
we got 50 qbuit q-computers at the commercial level. and adding a single qbit is a challenge. for bitcoin ecdsa you would need 700 to 1000 qbits. and the runtime would be weeks at first when that is even possible.

>>25881435
>Post quantum
bitcoin will be the least of our problems btw.
so really just fuck off and enjoy the ride to $100k and $200k... like normal people do. not in this cycle and not in the next cycle will quantum computing play a role. and that's all you need to make it.

No doubt encryption is going to address all these issues after all, assuming that your multi-million dollar facility staffed with physicists wants to spoof bitcoin transactions, they will also be able to spoof https and smtp.

>>25882145
normal people are like deer frozen in headlights. There are so many people going to miss the rocket ship, but, to be honest if you never heard of bitcoin, it going up wouldn't make any difference to your mind

nobody has figured out how to program them

There is no way we know of to input a logical problem and expect a logical result when the qubits themselves are true random.

>>25882316
in the hands of nation states this could be wielded to greater effect than stealing someones lunch money.
but it's true the small key size of ecdsa works against bitcoin in a quantum threat scenario.
you would need a 20 thousand qbits to break rsa 4096 bit

>>25871540
The only thing more bullshit than bitcoins is """quantum computing"""

>>25882374

also if quantum computers did break encrypton it would damage more than just your bitcorns

literally every computer system ever would be compromised

>>25882374
i wouldn't say that you can basically rent a q computer from ibm and run your script on it.
it's just can't even factor your birthdate for now.

QRL is the answer

>>25882529
queensland rugby league?

>>25882640


>>25882640
Quantum resistant ledger

>>25879646
Based, imagine how much the Jews would seethe if society collapsed. It’d be awesome. They’d have to survive on their own merit and then get btfo when they don’t even know how to make a fire.

>>25879646
> imagine following a stupid luddite

>>25882017
Taproot, huy root, wots, bulletproof, zk, see I can slso spew buzzwords as defensive argument.

Meanwhile quantum arent real, despite 1000qubit existing. Nooo, its gonna be 100 years for 2000qubits. But taproot dickwad solution is here, maxwell told me so.

>>25873581
take your meds retard

>>25882145
Ah now your defense is, but but but what about all other encryptions but but but banks.

Enjoy another currency where an elite who own 98% of all mined coins ever to exist, when they dump on you for the tenth time. At least maybe you had fun so it was worth it

>>25883105
>I can slso spew buzzwords
...
so you refuse to read about it?
>1000qubit existing
that's not real. like i said quantum annealing matrices can't run shor's or do anything to crypto.

>>25883105
>maxwell told me so
it's on github completely opensource you fucking mouth breathing mongoloid