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Will Quantum Computing Break Bitcoin?river.com/learn/will-quantum-computing-break-bitcoin/
149 sats \ 6 comments \ @ch0k1 20 Feb bitcoin
The rise of quantum computing has drawn attention to its potential impact on Bitcoin. As this field develops, many Bitcoiners are wondering if there is a genuine reason for concern.
While quantum computing does not pose an imminent threat to Bitcoin, it’s important to know the timeframe and potential areas of impact. Bitcoin can still function in a world with powerful quantum computers, but bitcoin holders, developers, and the broader Bitcoin community must proactively address existing vulnerabilities ahead of time.
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130 sats \ 0 replies \ @freetx 20 Feb
I know nothing about this stuff really....but smart people online sound dubious about how much of a practical breakthru it is....
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0 sats \ 1 reply \ @kepford 21 Feb
Been hearing about this for 20 years now. They keep hyping it every few years and there isn't any practical applications yet and the recent Google "demo" while impressive sound is not practical either. From all that I have read they have a long way to go.
The other side is the power consumption and cooling requirements are insane.
If it ever does become practical there will be improvements to address quantum. The same people developing these things have counterparts thinking about defending against them. Computer science is always an arms race. Stay calm. It is far more profitable to hype than be calm and rational. That's why we get so much hyped BS.
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41 sats \ 0 replies \ @ch0k1 OP 21 Feb
There are already some baking proposals that I've seen so far. I've also seen a very high quality article here in SN that also both addresses the problem and gave more than one good solutions to quantum resistant encryption (I'm not sure whether I can find the SN post)
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0 sats \ 1 reply \ @Butterfinger 21 Feb
yes, sell everything while you can.
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0 sats \ 0 replies \ @ch0k1 OP 21 Feb
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0 sats \ 0 replies \ @nitter 20 Feb bot
https://xcancel.com/River/status/1892619297853169686
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