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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callum pfp
callum
@csmit
Nvfowjnfndk fantastic! I’ve been thinking about this recently, how will the bitcoin social layer deal with this? Maybe I’m not in the right circles or reading the right media to understand but as far as I know it’s not looking too great
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