This is something that I have brushed over in school a little, but I am not smart / educated enough to know how it will affect BTC. Will the 'store now, decrypt later' stuff compromise a lot of BTC wallets when someone makes a massive breakthrough in quantum computing?
pull down to refresh
21 sats \ 1 reply \ @nerd2ninja 18 Jul 2023
In a discord server I'm in, this question is brought up so much the mods made a bot command for it. This is the output of that command.
reply
0 sats \ 0 replies \ @0xBTC OP 18 Jul 2023
I am kind of confused by this "What will happen if such a computer ever exists is slowly attempts to mine the most static of these coins, probably the old coinbases, will occur."
But my understanding is that (in theory) these attacks won't take a lot of time and are undetectable unless the coins are moved. This means someone could gather a bunch of private keys for lost BTC over time without moving them and then move them all at one (probably amounting millions of BTC).
reply