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/biz/ - Business & Finance

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56526822 No.56526822 [Reply] [Original]

>currency of the future!
>becomes instantly obsolete when quantum computers become a thing

>> No.56526853

Who are you quoting?

>> No.56526919

>>56526822
midwit take.

>> No.56526937

If your meme "quantum computers" become real all your bank accounts will be compromised too so...

>> No.56526942

>>56526919
>>56526853
whats wrong? all btc is worthless once working quantum computers are made

>> No.56526950
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56526950

You know upgrades are a thing, right?

>> No.56526967

>gets updated to be quantum resistant
Wow that was hard.

>> No.56526972

>>56526937
yes and solutions to it are being worked on right now, there are alternative methods of cryptography being developed based on elliptic curves, meanwhile btc is just fucked.

>> No.56526990

Why would btc miners oppose a fork to more secure algorithm if quantum compooter could crack their wallets and crash the price.

>> No.56526999
File: 2.62 MB, 3840x2160, 4673914-Satoshi-Nakamoto-Quote-If-you-don-t-believe-it-or-don-t-get-it-I.jpg [View same] [iqdb] [saucenao] [google]
56526999

>>56526822
Nocoiners say the funniest shit.

>> No.56527011

>>56526822
you are dumb. you should go to work and save dollars on a bank account. it suits you

>> No.56527022

orange ponzi coin cope bread

>> No.56527048

>>56526972
They'll apply the same to crypto, retard. This dumb thread is worthless just like your existence.

>> No.56527077
File: 39 KB, 300x250, C57C4460-36AB-43D1-A353-33AB0D5EEF95.png [View same] [iqdb] [saucenao] [google]
56527077

Why are they so miserable BTC bros?

>> No.56527112

>>56527022
traditional slave debt system cope reply

>> No.56527766

>>56526822
you are a retard.
Bitcoin works fine in case if QCs start breaking ECC.
Hashes - PoW - are immune.
People will have to move addresses to post-QC algorithms.

>> No.56527831

>zey are bulliesh?
>load ze quantum fud

>> No.56527839

>>56527112
oh I'm a defi maxi sweaty, not a tradfiie

>> No.56527876

>>56526822
oldest and dumbest fud, embarrassing to still be seeing this one

>> No.56527902

>>56527876
>reality is fud

>> No.56527908

>>56526937
existing infrastructure can easily migrate to a quantum resistant key exchange algorithm. the military and some companies like cloudflare have already done this. it's important to do it now, because information encrypted with breakable algorithms in the past will be breakable in the future, so anything that needs to be secure indefinitely needs to switch asap. bitcoin, ethereum, etc. can indeed switch their signing algorithms, but there is a big problem: dead addresses. in bitcoin's case there are hundreds of thousands of coins spread across thousands of addresses that were created via pay-by-IP, so those public keys are all known. There are satoshi wallets where he signed. There are big wallets that have been lost, like that guy whose hard drive was thrown in the trash. All of these will be breakable when Schorr's algorithm can run on a large enough quantum computer

>> No.56527945

>>56527876
It's a bottom signal

>> No.56529493
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56529493

>>56526822
Couldn't you use quantum computing to create a form of crypto currency that quantum computing can't crack?