I think quantum computing simulating quantum mechanics will be way more useful to Bitcoin than as a danger because
Bitcoin seeks for more energy effiicent ways to mine and relay transactions to anywhere in the world.
Grover's algorithm will speedup Bitcoin node synchronizations, while
Shor's algorithm will help crack old wallets for recovery purposes like what Joe Grand does. Can't wait for Joe and his students to get his hands on a quantum computer!
So as you can see, quantum computing will infact help improve the world e.g via helping Bitcoin.
Cracking public-private key pairs using a quantum computer so one can steal bitcoins isn't a very useful strategy despite the fact that it sells news better in this doomish age. In a better time, people will dream up quantum utopias where we crack encryption so as to know what was hidden yet will help someone in need. The way nuclear utopias were dreamed up and every home had electricity and high speed rail and clean environs were everywhere. Alas, the reality for nuclear power was that the fear continued to have a grip on us, and is now a major tool of military posturing. Quantum might sadly be the same. But in some niche areas, quantum computing, more than nuclear power which requires too many starting conditions that only heighten fear, will thrive and people will use it to advance civilization. If you've read this, I'm curious what you think of it.
I think quantum computing simulating quantum mechanics will be way more useful to Bitcoin than as a danger because
Can't wait for Joe and his students to get his hands on a quantum computer!
So as you can see, quantum computing will infact help improve the world e.g via helping Bitcoin.
Cracking public-private key pairs using a quantum computer so one can steal bitcoins isn't a very useful strategy despite the fact that it sells news better in this doomish age.
In a better time, people will dream up quantum utopias where we crack encryption so as to know what was hidden yet will help someone in need. The way nuclear utopias were dreamed up and every home had electricity and high speed rail and clean environs were everywhere.
Alas, the reality for nuclear power was that the fear continued to have a grip on us, and is now a major tool of military posturing. Quantum might sadly be the same. But in some niche areas, quantum computing, more than nuclear power which requires too many starting conditions that only heighten fear, will thrive and people will use it to advance civilization.
If you've read this, I'm curious what you think of it.