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The concern over Shor's algorithm potentially compromising elliptic curve cryptography (ECC) in Bitcoin is 100% valid, but it's important to note that Bitcoin's protocol is designed to adapt and evolve.

Bitcoin can undergo updates, potentially split into other currencies, like Bitcoin Cash (Where they tried to apply more size to the Blocks, and failed, security has to be simple, strong and descentralized, not complicated and with centralized decisions like Monero and Ethereum that are so much easier to destroy with quantum computers), and strengthen its security with improved cryptographic methods.

Even simple measures like increasing key bit lengths exponentially increase security. For instance, the number of possible private keys in a 256-bit system is 2^256, and the number of public key combinations is around 10^77, nearly approaching the estimated number of atoms in the observable universe (10^80).

Bitcoin's current cryptographic standards, while considered 'outdated' in the face of quantum computing, already provide formidable security for decades since the first block. As technology progresses, the potential number of private keys and addresses can expand to unimaginable scales like Googols (10^100), Centillions (10^303) or more, making targeted attacks by quantum computers increasingly impractical.

The decentralized nature of Bitcoin, with its diverse cryptographic approaches and lack of centralized targets, further complicates any singular quantum computing attack scenario.

"You underestimate Leviathan"

I underestimate Leviathan much more, it's not a galactic and omniscient entity, it's just a bunch of old people who are always 10km behind technology, in any generation and age.

You are doing what everyone has done throughout history, overestimating these people and giving them power, but you forget that 300 people can beat 1 police officer, and 11,000 people beat 1 old politician who only thinks about himself, like it is in our country.

Don't forget moments like:

- - Risks of phone radiation

- - Collapse of power grid due to cyber attacks or solar storms

- - Superintelligent and cruel A.i

- - GPS Risks due to Solar Activity

- - Conspiracy theories about 5G Technology

- - 2038 Computer Apocalypse

- - Theories about Nikola Tesla and Electromagnetic Energy Harm

And more, like Haarp controlling climate changes, etc.

When the police and military run out of money because of politicians investing trillions into taking down the currency that many of them use, there will be nothing an old idiot can do but scream at people to use Bitcoin in his country.

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Discussion

I like your optimism.

Thanks for taking the time with such a complete answer.

You are very verbose when writing and you argue well.

There really are worse things for bitcoiners to worry about, from more basic things to sophisticated threats that have not yet been realized.

I just believe that overconfidence in limited, temporary things that depend on human action is dangerous. Like it or not, Bitcoin is also one of those things.

Many bonuses usually carry an equivalent burden. A robust security network like the Bitcoin network, probably the most secure in the world, is difficult and time-consuming to make changes like this. If they procrastinate, trusting in current security, there may not be time to do a soft fork and who knows what will happen if there is a hard fork suddenly. Imagine the congestion of many people wanting to transfer to new addresses and exposing their public keys with the possibility of being cloned. This is a terrible scenario.

Tรก boa a conversa ein kkkkkkkkk duas mentes brilhantes discutindo o futuro do Bitcoin com pontos de vista diferentes e uma falando mal da Monero na comunidade do Monero KKKKKKKKKKKKKKKKKKKK ร‰ isso aรญ gente

"...but it's important to note that Bitcoin's protocol is designed to adapt and evolve...Bitcoin can undergo updates"

Tell that to the ossificationists and all those opposed to upgrading lmao

"...not complicated and with centralized decisions like Monero and Ethereum that are so much easier to destroy with quantum computers"

Number of Monero node runners is in the same ballpark as Bitcoin nodes. The code is also FOSS and network is permissionless.

Monero pedersen commitment scheme for amount privacy are "perfectly hiding" so can't be "destroyed" even with quantum computers.

You're spewing things that you obviously know nothing about.

"..like Bitcoin Cash (Where they tried to apply more size to the Blocks..."

Almost no one is going to run a node for a network that will be too expensive for them to use in the first place...

Microblocks are just as centralizing and stupid as gigablocks

The previous commenter is right to not underestimate the "leviathan".

Some bitcoiners are way too dismissive and content. Fair skies, sunshine, and rainbows...

Bitcoin is supposed to be anti-fragile designed around worst case scenarios and thinking adversarially. It's value prop rests on that. Not assuming the best conditions.

https://docs.grin.mw/wiki/miscellaneous/switch-commitments/#properties-of-commitment-schemes

https://monero.fail/map

https://bitnodes.io/