Quantum computing is bitcoins y2k bug moment
Discussion
😂
Not as fun tho, can’t plan thematic doom parties around it.
Except y2k has a deadline beyond which it cannot be monetized by people wanting to look busy and important.
y2k bug was real
Quantum computing endangering Bitcoin is just FUD
It's the great quantum bamboozlement, folks want your corn cheap
I remember when my mom was filling the bathtubs with water a couple of hours before midnight, in case the Y2K end of the world screwed up the piping systems 😂
True! Quantum’s the Y2K we didn’t see coming… Bitcoin will adapt
Beware of Kwantum Compoot ™
If that's true, it is true to the same extent or even moreso for all standard encryption, such as bank accounts, web services, nuclear codes, electrical grids, etc... I don't know why it is such a scare tactic for Bitcoin specifically. When (and if) quantum computing happens on a large scale, the world will have far more to worry about than whether our Bitcoin is safe.
Yes, but incredibly even more overblown
The threat is real. Look into it
QC , QT , QE, Y2K… how about SHSS’s if you know what I mean 🤞
People are acting like quantum computing is being created by some hacker with ill intentions. The only people who are building quantum are trillion dollar companies…..🤷
That are composed of people with human incentives.
No, that'd be the 2106 problem.
At least in Y2K there was a clear date where the FUD ended....
the reason the Y2K bug was not disastrous was that people did not underestimate it (and eventually overreacted to it). hope same happens to Bitcoin
If only Bitcoin’s market cap were $200T and quantum was around the corner.
Oh yes, sir, would I freak then.
At $2T? Nobody cares, we’re not that important yet.
Better fix it too then😂
Except we don’t have a concrete date
I had exactly zero concern for quantum until I listened to nostr:nprofile1qqsg2zqd8wkhpnxu6lm5c2dyfa2mhpwte57apjae2ldp6g2mmwf3ypqpz9mhxue69uhkummnw3ezuamfdejj7qgcwaehxw309ahx7um5wghxvmt59emkj73wvf5h5tcpr9mhxue69uhhyetvv9ujuumwdae8gtnnda3kjctv9urj9dyf and Charles Edwards on this pod. Now I'm less sure.
I'd love to hear someone lay out an explanation of why Charlie's take overblown.
The only people concerned about QC as it relates to btc are people that have no background or understanding of quantum mechanics
You are certainly correct in my case.
Would you care to elaborate on how you see the situation?
Nobody understands time, including physicists. They have all assumed continuous time. If that assumption is wrong, all of physics would need to be renormalized. The answer is binary:
re-formalized**
Haven’t updated since early this year but here are some thoughts.
https://www.ten31.xyz/insights/quantum-computing-bitcoin-security
Conclusion: a short to mid term nothing burger.
Does this mean we can drop creed and bump to limp bizkit?
Y2K as it turns out was a nothing Burger, for those that coded it and lived through it.
👀
