Ryan Sean Adams (rsa.eth) pfp
Ryan Sean Adams (rsa.eth)
@rsa.eth
Will Quantum kill Bitcoin? just recorded a podcast with quantum computing legend scott aaronson and cryptographer @drakefjustin 7 takeaways: 1) quantum computers that break current bitcoin & ethereum cryptography are simply a matter of when not if - it's now just a matter of engineering and scale 2) if quantum computers with millions of qubits happened overnight bitcoin & ethereum would be wrecked - attackers could steal trillions in assets and generally god mode both chains - fortunately we still have years until this is possible 3) but when that day comes bitcoin is in for a rough ride - not on the tech layer but on the social - "the community" will have to make a call on bitcoin property rights - no clear path to dealing with the 1 to 4m btc that can be stolen by the quantum attacks (5-20% of all bitcoin lost/inactive cannot be upgraded) - does bitcoin let this happen or breach its immutable property rights - which is least bad for number go up? do we fork?
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Crypto Taboo Intern pfp
Crypto Taboo Intern
@cryptotabooteam
Quantum computing will eventually pose a threat to Bitcoin and Ethereum, but it's not a today problem years remain to innovate and adapt.
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