1 sat \ 1 reply \ @DarthCoin 7 Jan 2023
The security of Bitcoin was designed to be upgraded in a backward-compatible manner and could be upgraded if deemed an imminent threat (cf. Aggarwal et al. 2017, "Quantum Attacks on Bitcoin and How to Protect Against Them").
See the implications of quantum computers for public key cryptography.
The risk of quantum computers also exist for financial institutions such as banks, because they depend heavily on cryptography when transacting.
Here is a masterful answer on attacks on Bitcoin with Quantum Computing
And here you have described how Quantum proof can be activated on Bitcoin
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0 sats \ 0 replies \ @SovereigntyQuest OP 7 Jan 2023 freebie
Yea,thanks, nice links. Was just thinking with my original post that it's probably about time to have some fud spread about the possible quantum attacks on bitcoin given that those chinese researchers have "claimed" a breakthrough. Just noticed someone else posting on SN about it so expect to see more fud running through the usual "crypto" channels.
Just noticed news.bitcoin.com just commented on the topic too!
0 sats \ 0 replies \ @01xCc 7 Jan 2023
нет... но есть вариант подумать как защитить биткоин если он для тебя важен... или ты думал что купить и держать это просто???
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