#vlog 20

Don't Worry About Quantum Computing

Quantum Manipulable Matter, Decoherence, Scalability and more!

https://blossom.primal.net/7855a1d9a5c4cfb186f492547ce899561a45b79a04c74513832fc796cde4936e.mov

Reply to this note

Please Login to reply.

Discussion

I kept it simple in 2011 when a dude from India told me Bitcoin is new digital money… I took his word for it instead of denouncing him like many would… Simply put it proved itself to me… So imma keep this quantum nonsense SIMPLE!! Until Satoshis wallet is hacked then I refuse to care!! Furthermore like Saylor said… Hacking Bitcoin is the last of our possible quantum threats 💯

The OG has spoken 😤

Yo Jimmy, is Bitcoin a quantum computer?

You seemed to not definite what it means to compute a quantum. A quantum of what?

also if you are follow bitcoin best practices like "never use same address twice", so only have one utxo per address, you are already quantum safe. because bitcoin addresses are double sha256 hash of your public key, and your publickey is not revealed until you sign a tx while spending the bitcoin. and if you are using a good wallet, your change address should always be a new address.

anyway since quantum computers are not good at reversing hashes, you are already safe.

In my honest opinion, this is too dismissive of the issue.

Yes, getting things into a Stable Quantum State is difficult but recent breakthroughs in technology have gotten consistent results, and you someone as a programmer should know by now how fast computing technologies innovate, human capacity, and ingenuity grows exponentially.

It is not far fetched to assume a State Actor is willing to fund Quantum Computing Research in order to break Older forms of encryption, if they also get to break Bitcoin, and other cryptos as an added bonus on top of that then it's good for them, bad for us.

Rather than kicking the can down to the second the breakthroughs are discovered where Quantum could break Sha-256 (it can't currently) by then it will be too late, yes we could try to fix it then but it's better to be proactive than reactive.

In my personal life, and experience, things operate better, and more smoothly when you address the issues early, and fix them asap instead of neglecting it, and waiting later, when you wait later, it's usually out of control, more expensive, and difficult to fix.

But yes, I could be wrong, I could be an "idiot" for being concerned about potential future vectors of attack 🙃.

It's not like other freedom tech like Mullvad, Proton, Signal, Simplex, and more have taken seriously.

Although I don’t have the technical knowledge to counter-argument Jimmy’s points I also have the intuition that this take is tad too optimistic. We really don’t know how fast technical progress will advance in this area but what’s for sure is that a lot of resources are being dedicated to it. Once a breakthrough occurs, #quantum computing will probably see an exponential performance.

The U.S. Government has sped up the deadline to migrate government’s systems to quantum resistant encryption to 2030.

The reality is that #Bitcoin has a quantum computing problem as old addresses (including Satoshi’s addresses) can’t be migrated to quantum resistant encryption. Unless the market believes quantum computer are still decades away, this will start to get priced in soon.