510 sats \ 2 replies \ @CruncherDefi 24 Oct 2023 \ parent \ on: Is Quantum Computing really a threat? If that's the case, how? bitcoin
No one claims that. It really annoys me when people bring up the 'mining discussion' when topic is quantum computers. It's a noise that takes attention away from the real issue.
Quantum Computers in the context of bitcoin security is about the public-private-key algo that secure UTXOs and is used in wallets.
I recommend this video on the topic. It covers all relevant threads and is factually correct: https://www.youtube.com/watch?v=IaoTtkuY7jM
I and the YouTube host in your embedded video mentioned mining from the start because it's been a recurring misnomer when the quantum subject is brought up—people assuming quantum algos are the attack vector on tx finality, while bestowing protocol-changing mining benefits. No, it's the the wallets and sig schemes that are attack vectors like you said. And like she said towards the end after echoing a bunch of the things I said—with quantum powers come many world-changing benefits. I'll add one of those is sure to be QKD, which can dramatically increase the security of everything we do digitally today as a postmaster for quantum-resistant encryption. So much fear and negativity around tech today, wether it's Ai, quantum, or autonomous cars. All bound to become boringly dependable technologies tomorrow.
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Great video by the way. Have sum sats.
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