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?
rabble
npub1wm…jg240
2024-08-14 17:12:42
Author Public Key
npub1wmr34t36fy03m8hvgl96zl3znndyzyaqhwmwdtshwmtkg03fetaqhjg240Published at
2024-08-14 17:12:42Event JSON
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"content": "This is a genuine question. Why do bitcoiners have so much faith that quantum computing won’t break the cryptography that secures bitcoin? \n\nI 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? \n\nMaybe 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?\n\nAnd 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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