Post by rabble

This is a genuine question. Why do bitcoiners have so much faith that quantum computing won’t break the cryptography that secures bitcoin? I don’t know how likely it is, but it feels like the chance is higher than 0% and lower than 100%. There’s a real non-zero chance that the current implementation of bitcoin won’t work in a decade. Doesn’t that give maxis cause for concern? Maybe there is a good answer. I see lots of discussion about fiat, emissions around mining, privacy, taxes, and tons about regulation. But isn’t quantum computing an existential risk? And if it is a real, potentially small, but fundamental risk, wouldn’t the prudent thing to do would be to diversify risk?
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People often forget this but Bitcoin can be upgraded. We added schnor signatures a few years ago, probably some quantum resistant zkp will come soon
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That’s an answer! Thanks! That was the thing that I was puzzling over.
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There’s no sense in worrying about a solution maybe being imperfect as long as the problem is 100% guaranteed. If the ship is guaranteed to be sinking , why worry about the lifeboat potentially not being perfect
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I think the idea is that if quantum computing were to break Bitcoin's encryption algorithm (which is used for much more than just Bitcoin), there would be more attractive targets to attack (i.e., governments, militaries, weapons systems, etc.).
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Conference from this year at Oxford University. People are thinking/working on this for sure.
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