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/biz/ - Business & Finance

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7697707 No.7697707 [Reply] [Original]

>Quantum Computers Pose Imminent Threat to Bitcoin Security
>The massive calculating power of quantum computers will be able to break Bitcoin security within 10 years, say security experts.

it's not random FUD, a Singaporean institute put out an academic peer-reviewed article (read: not a memepaper) about the risk to bitcoin from quantum computing operations the chinks are working on. Does Sergey have an answer to this shit?

>> No.7697713

oops link here:
https://www.technologyreview.com/s/609408/quantum-computers-pose-imminent-threat-to-bitcoin-security/

>> No.7697720

>>7697707

Supposedly a fork of bitcoin cash is working on this. It's called Bitcoin Candy

>> No.7697741
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7697741

WTF am i lookng at

>> No.7697755

>>7697707
If this is true the whole banking system is going to be fucking compromised.

>> No.7697768

>>7697720
It represents satoshis' vision, after all, the whitepaper said "An electronic p2p candy system"

>> No.7697828

Anyone who knows anything about sha-256 will have their sides in orbit

>> No.7697831

>>7697707

i'd hit it.

>> No.7697848

thats why we invest in ADA boys
will be over 6k sat by the 22nd

>> No.7697874

>>7697720
Hmmmz0r. it says January 18th, so it's already split? I have to buy bitcoin trash to get it? Sucks that bitcoin cash is actually the truth bitcoin after all...

>> No.7698362

Quantum resistant algorithms already exist and can easily be forked into Bitcoin given enough urgency. Nobody will want to be on the vulnerable chain so a consensus wont even be a problem.

>> No.7698589

>>7697707
Of course. Everyone knows that. Cardano is working on quantum resistant blockchains. Don't think you Stinky Linkies stand a chance.

>> No.7698626
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7698626

>>7697707
ever heard of lattice based cryptography you brainlet? There is no threat

>> No.7698660

>>7697707
Sergey doesn't have to do shit, chainlink is blockchain agnostic so whoever figures that shit out Sergey will just build on that

>> No.7698740

>>7697707

Quantum computers do not work. They are a massive fraud to extort money for research. They cannot control noise in quantum computers, which makes them comparable to classical computers.

>> No.7698801

Doesn't IOTA solve this problem?

>> No.7698946

>>7698740
>Quantum computers do not work. They are a massive fraud to extort money for research. They cannot control noise in quantum computers, which makes them comparable to classical computers.
Yes and no.

Quantum computers will never be able to operate at room temperature, it will need a massive cryo setup .

>> No.7699128

We have an answer to this and it's called cardano.

>> No.7699197

>>7698946
>yes and no
Back to plebbit and never post here again

>> No.7699739

>>7699197
you smell

>> No.7699782

>>7699739
Go back to pleddit faggot
Fuck off
No one wants you posting here