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It is consensual that the biggest and scariest threat to Bitcoin is the arrival and raise of quantum computing and its ability to crack the BTC code and invade wallets to transfer/steal funds to other wallets.
I won’t get deeply into technical as I am not an expert, but some say that we are only a decade away from the “q-day” which is how the day of quantum cracking BTC is set to happen.
I’ve had days of worry on this topic but have not acted on it regarding making any moves with my own funds. I’ve learned from past crises and FUD that the best thing to do in these times is to either not do anything and watch it from far not to get hurt or grow the balls and raise the position when everyone is panic selling.
Currently I came to realize that before messing with BTC quantum will be able to disrupt, attack, act on many other technologies that are already in mass use and are multiple times more vulnerable for cyber attacks than Bitcoin. This is something to keep in mind before having any real worry about it. To name a few:
  • Data bases: Government, intelligence agencies, personal computers, cloud drives.
  • Systems: Healthcare, banking, transport, communications, electricity.
I mean, simply everything that involves the digital part of the current world, which is a lot. The conclusion that I take here is: No need for fear or anxiety over this topic, if the digital apocalypse is set to happen, Bitcoin will be at the very end of the targets possible to attack.
Absolutely agree. The quantum FUD usually overlooks the fact that Bitcoin is one of the most transparent and adaptive networks out there. If/when quantum becomes a real threat, Bitcoin will likely be among the first systems to upgrade its cryptography. Meanwhile, governments, banks, and all legacy systems are sitting ducks with outdated security. Honestly, if quantum breaks the internet, we’ll all have much bigger problems than private keys.
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