casey on Nostr: I've been doing some analysis regarding the earliest date at which quantum computers ...
I've been doing some analysis regarding the earliest date at which quantum computers may pose a legitimate threat to #bitcoin.
(Of course, when they pose a threat to bitcoin, they will also pose a threat to, basically, the entire internet!)
Looking at current growth in quantum computing power (measured in number of "qubits") we can see it's following an exponential curve...
If we assume 20M qubits (with decent error correction) are needed to break modern cryptography and extrapolate the rate of progression, we get to 2041 (17 years from now) as the earliest date at which a quantum computer could crack a bitcoin address.
Full video on this to follow soon!
#quantumcomputing #bitcoin
Published at
2024-10-17 16:01:59Event JSON
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"content": "https://m.primal.net/LYqx.png \n\nI've been doing some analysis regarding the earliest date at which quantum computers may pose a legitimate threat to #bitcoin.\n\n(Of course, when they pose a threat to bitcoin, they will also pose a threat to, basically, the entire internet!)\n\nLooking at current growth in quantum computing power (measured in number of \"qubits\") we can see it's following an exponential curve...\n\nIf we assume 20M qubits (with decent error correction) are needed to break modern cryptography and extrapolate the rate of progression, we get to 2041 (17 years from now) as the earliest date at which a quantum computer could crack a bitcoin address.\n\nFull video on this to follow soon!\n\n#quantumcomputing #bitcoin ",
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