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/biz/ - Business & Finance

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10465860 No.10465860 [Reply] [Original]

Can bitcoin be upgraded to be Quantum resistant?

>> No.10465864

>>10465860
government has already confirmed they can trace the blockchain if they want

>> No.10465874

>>10465860
Yes, easily
>>10465864
Not the same thing, dumbfuck

>> No.10465903

>>10465860
Quantum computers are pretty much a meme, current CPU companies are struggling to make improvements already without taking into account the glaring security issues in every modern processor courtesy of the alphabet agencies

>> No.10465913

>>10465874
>Yes, easily

Citation plz

>> No.10465922
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10465922

>>10465874
Wouldn't they want to do that before it's too late

>> No.10465930

>>10465860
No but I think ADA can

>> No.10465952
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10465952

>>10465864
>We've traced the Bitcoin to piece of paper #12874017390283098213
>We've traced the Bitcoin to a wallet owned by a dead guy whose identity and SSN was purchased off the dark web.
Kek

>> No.10466164
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10466164

Quantum computers do not exist. Picture on the left is the equivalent of the state of quantum processors today.

I would not be afraid. This is not a "I didn't expect to have the internet in my pocket, the world is moving so fast" thing. This is a "why haven't I uploaded my brain to the cloud, yet?" thing. Unless a crazy unexpected break-through happens we won't see them in our lifetime.

>> No.10466184

I need to correct myself, that thing on the left is many times much more powerful and useful than intel's latest and greater 49-qbit processor.

>> No.10466300

>>10465864
The absolute state of nu /biz/.

>> No.10466360

>>10465860
It doesn't matter what the technology is. The difficulty will adjust with any level of hashing power increase. We know QC's are much better at solving simple equations since they operate in multiple states outside the realm of traditional binary radix computers. I'd imagine it would have the same effect as when the fist FPGA/ASIC's hit the street. Early bird will get some seriously sweet block worms. Probably close to take over 50% of the network for a moment (assuming only one QC). But as soon as more come online, it would balance out just as it has before. IF they were vulnerable, you'd probably see a mandatory fork that 10x'd the size/complexity of the key's and addresses to make up for the logarithmic performance increase in regard to brute forcing. Probably a snapshot, then fork. Nothing lost, just drama.