Bitcoin needs to soft fork to be quantum resistant ASAP.
Discussion
Then it would have a strong advantage over Monero.
They're still figuring out how to put jpegs on-chain
Ay FUCK NFTs we need quantum money 🗣️
I don't think anyone actually understands what the threat is nor what kind of applications quantum computing accomplishes. Besides if quantum computing cracks both ECDSA and SHA-256, literally every system breaks. This is the equivalent of the "What if the government detonates an EMP, how will you use bitcoin then?" argument. Yeah, I guess the perfect money wouldn't help if the world blows up. Lol
No, this is completely different. Quantum computing WILL break encryption.
Quantum resistant algorithms will be integrated into all of these systems before quantum computers are able to break encryption.
It might not happen for 40 years, or maybe 100, or 200, but it is going to happen. It could happen within 5, who knows.
Post-quantum algorithms should be integrated immediately into all systems because people are collecting data with the intent to decrypt it in the future. The sooner the better
I don't think you know what I am saying. The current and recent quantum announcements have been "Quantum benchmarks" which is literally esoteric to the quantum field. Meaning it has no actually computational logic. It just turns on and off and is on and off simultaneously to create existence feedback. NONE of that has any application in computation. This is the equivalent to being able to activate/deactivate a light a faster speed than thought possible. While, very cool, has no application yet. How do you register the light? What carries the signal? How does it interoperate with current tech? What's the latency? All of these questions are far from answered. But realistically if quantum computing becomes viable the first thing it does is mine bitcoin, not try to break it.
I’m not saying the first thing it will do is break bitcoin. I’m saying it will break encryption. So we should make things quantum resistant in advance
If it breaks encryption, the internet itself breaks. That's what I'm saying. This is like saying "If you shoot me and the bullet goes through me and hits my window, I'll have to buy a new window!"
My point is that it will do exactly that. Every system will be made quantum resistant before that happens.
This is like using an older encryption algorithm and just acting like it will never be broken because if it was, then all systems built on it would break. That’s not what happened, the older algorithms were broken, and better ones replaced them.
It’s only a matter of time until quantum computing does this. Whether or not that is within our lifetimes is irrelevant.
