“Even if quantum computing posed a threat to the cryptographic layer, Bitcoin’s decentralized and global network of nodes would play a critical role in driving a transition to quantum-resistant algorithms—an advantage centralized systems simply do not have.”
What transition? We have nothing ready. If someone proved they could use quantum computing moving coins they never had a key to, like Satoshi’s coins, price of Bitcoin would fall 99.99% within a week. If we not gonna have a procedure ready, for quantum attack, Bitcoin will die following such attack. People wouldn’t trust it ever again.
Tetsu / Tetsu D. Tamasi
npub13e…hauwt
2024-10-14 14:32:59
in reply to nevent1q…djdy
Author Public Key
npub13epj452d892app3mjath3uxgs9l03rylzxwkymdp50avukztmfeschauwtPublished at
2024-10-14 14:32:59Event JSON
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"content": "“Even if quantum computing posed a threat to the cryptographic layer, Bitcoin’s decentralized and global network of nodes would play a critical role in driving a transition to quantum-resistant algorithms—an advantage centralized systems simply do not have.” \n\nWhat transition? We have nothing ready. If someone proved they could use quantum computing moving coins they never had a key to, like Satoshi’s coins, price of Bitcoin would fall 99.99% within a week. If we not gonna have a procedure ready, for quantum attack, Bitcoin will die following such attack. People wouldn’t trust it ever again.",
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