I don't get this. Like if you try 10x the PIN code, they block your account.
No one do this on bitcoin.
It's line comparing oranges to apples, I don't get this argument.
Worried about quantum computing overpowering SHA-256, but not the 4-digit PIN securing your bank account?
https://blossom.primal.net/f31e608ef68c6d77962943537d19a728927d826f2b62b0e657470e92c9694d0f.mov
I don't get this. Like if you try 10x the PIN code, they block your account.
No one do this on bitcoin.
It's line comparing oranges to apples, I don't get this argument.
And how securely do you think that PIN is being stored on the bank’s back end?
Not in plain text, of course. That would be insecure because employees, not because QC. QC isn't a threat for Bitcoin for the time being, not for online bank accounts either.
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I mean the consequences would be so comprehensive... In bitcoin there would be lots of scamish quantum addresses converter wallets...
In legacy "your" fiat would be blocked and only unlocked presencially (after months, maybe, of the attack), in cash. Maybe they would even print actual paper money on demand, Treasure would outsource the printer directly to the banks.
Who knows