yuga.eth
@yuga
Google’s quantum computing threatens Bitcoin and crypto, you say? Really great point. Much better to store your money in… *checks notes* decades-old bank backends powered by COBOL mainframes and secured by the exact same (or worse) cryptographic primitives.
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Royal
@royalaid.eth
The difference is gated access tho. If the entire security under pinning the system, the hash rate + sha256, can be compromised by Shor's then it does pose a real threat because nothing can stop it. In the case of fiat you just pull the Internet plug.
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Omishon 💜ᖽ 🎩
@omishon
Ah good ol COBOL. Most of the world's flight reservations also run on COBOL mainframes. Dressed up with fancy web APIs but underneath it is the same
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osama
@osama
it's like saying an 8-bit cpu will run inferences for an llm. glhf. it's cool for some optimization usecases but not there (yet) afaik
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therizzler
@ritztherizzler
I’ve been wondering about this myself. If the Bitcoin network were to upgrade then you would still need users to move their coins to the newer “quantum safe” wallets would you not? It’s not like it’s automatic whereas tradfi could apply it and all their users automatically benefit. So for those that don’t update, like Satoshi…their wallets would be vulnerable presumably?
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CRYPTOforCHANGE ↑
@cryptoforchange
😂😂😂
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barrydyne
@barrydyne
😂
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