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Replying to Avatar StackSats.IO

There is a ~$120 Billion bounty if someone can crack Satoshi’s #Bitcoin holdings.

If quantum computing was near-term viable, why wouldn’t someone loan $10 Billion out of thin air to fund a team to target this with such a payout on offer?

The only thing I can think is that this tech is going to be restricted by government for cyber warfare; you could bring down a country in weeks if you could target and break the encryption of all their banks, utilities, infra, ecommerce, healthcare etc.

And ultimately as hard as it is to get Bitcoin to change, updating it for quantum is going to be much easier than getting those aforementioned institutions coordinated to update their encryption.

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mndwave 6mo ago 💬 1

if you cracked it it would no longer be worth anything

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StackSats.IO 6mo ago

This is not correct.

Cracking one key just means others can be cracked - it doesn’t mean the cracker has sufficient resources to continue cracking every wallet before they can be upgraded, and all the while all of the other properties of #Bitcoin remain in tact.

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