BlackRock flags quantum computing as risk for Bitcoin ETFs \ stacker news ~bitcoin

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BlackRock flags quantum computing as risk for Bitcoin ETFs cointelegraph.com/news/blackrock-flags-quantum-computing-as-risk-for-bitcoin-etfs

503 sats \ 13 comments \ @siggy47 10h bitcoin

“[I]f quantum computing technology is able to advance […] it could potentially undermine the viability of many of the cryptographic algorithms used across the world’s information technology infrastructure, including the cryptographic algorithms used for digital assets like bitcoin,” BlackRock said.

So perhaps they should just forget about this whole ETF thing? Please?

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36 sats \ 1 reply \ @Car 5h

Would be hilarious if they get scared off by the quantum fudd. That would be beautiful.

21 sats \ 0 replies \ @siggy47 OP 5h

It would be nice :)

36 sats \ 0 replies \ @88b0c423eb 5h

sell it, it's going to zero

41 sats \ 2 replies \ @BlokchainB 9h

Laying out the risks for investors.

46 sats \ 1 reply \ @siggy47 OP 9h

Yes, I know. Whenever you read the fine print in any investment product prospectus you have to take these "risks" with a grain of salt.

36 sats \ 0 replies \ @BlokchainB 7h

But some can absolutely wreck your investment

36 sats \ 0 replies \ @quark 6h

Scare some weak hands before the big rally to 300k?
We know there are quantum resistant crypto algorithms that bitcoin could use so for now it is not a worry but they just may have to say that for legal reasons.

36 sats \ 0 replies \ @coinhome 9h

LOL, BlackRock’s scared of quantum boogeymen breaking Bitcoin? Nah, keep the ETF coming—BTC’s tougher than that.

36 sats \ 0 replies \ @LibertasBR 10h

I understand this as an element of justification of position. To buy "Bitcoin is the future and blah blah blah" to sell "Quantum computers". Then you keep buying and selling using fallacious justifications.

0 sats \ 0 replies \ @Satosora 8h

I feel they are blowing up the quantum computing. It will still take a very long time to break the algorithm.

0 sats \ 2 replies \ @Filiprogrammer 9h

Shor's algorithm in practice can just about find the prime factors of 21. I can do that in my head. Don't need a quantum computer for that.

0 sats \ 1 reply \ @konstantin21 6h

you can crack bitcoin priv keys in your head bro? that's sick. you must already control satoshi's coins then, eh?

0 sats \ 0 replies \ @Filiprogrammer 6h

Please read my message again

Finding the prime factors of 21 is far from enough for cracking a Bitcoin private key. I can figure out in my head that 3*7 = 21. That's the level quantum computers are on right now. So I am not worried about quantum computers cracking Bitcoin private keys any time soon.