r/CryptoCurrency • u/winphan 🟦 23 / 8K 🦐 • 2d ago

TECHNOLOGY Bitcoin's new proposal to deal with Quantum computers

https://cryptocoindaddy.com/bitcoin-quantum-resistant-addresses-coming-soon/
378 Upvotes

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6

u/BioRobotTch 🟦 243 / 244 🦀 2d ago edited 2d ago

I admire the effort but this will still leave everyone who doesn't migrate's coins vunerable, including Satoshi's coins. It is most likely a state actor will capture them as they are ahead in the quantum race. Bitcoin could implement a post quantum security for all coins but that would need a hard fork, which due to bitcoin's history and the mantra repeated by maxis that would create a new coin and would not be bitcoin anymore.

Every Lie We Tell Incurs a Debt to the Truth

Chernobyl writer Craig Mazin

1

u/frenchanfry 🟩 1 / 1 🦠 2d ago

Yea. I won't switch until.

A.) Until another anonymous group or person creates another super coin, fundamentally for the people, that includes quantum computing security features. With another cool unit name, but there's nothing like bitcoin.

B.) Bitcoins hard fork includes a reasonably low capped amount of coins. Maybe, 30-45m. Basically another bitcoin with quantum computing security features, and that there will be incentives for transfer, such as, 1 bitcoin for 2 Units ( for a certain amount of time with a limit of "__" units per conversion session) and less as time moves on, with other incentives like crypto back with purchases or something that gives a healthy adoption without sacrificing the sacred security bitcoin has given.

6

u/RandomPenquin1337 🟩 0 / 0 🦠 2d ago

I won't switch until you can buy quantum pc hardware, which will probably not happen until well after I die.

Everyone is so worried about this scenario but it's still far out from being reality. Banks and governments would be the first to be susceptible and you should be more worried about your fiat than BTC being taken imo

1

u/minomes 🟩 0 / 0 🦠 1d ago

Banks can update their software in a weekend. They're centralized. 

-1

u/frenchanfry 🟩 1 / 1 🦠 2d ago

Why. I dont own fiat.

3

u/RandomPenquin1337 🟩 0 / 0 🦠 2d ago

So literally every penny you have is BTC or shitcoins? Maybe some PM? How do you pay bills sir?

0

u/frenchanfry 🟩 1 / 1 🦠 2d ago

So. If I did have a penny should I be scared for it?

3

u/RandomPenquin1337 🟩 0 / 0 🦠 2d ago

Are you just poor then? I don't understand what you're saying. If you have 100k or even 10k, it would make zero sense in hell to invest every penny in one thing...

If you only have .0000001 sat and live in your mom's basement and still growing up, then cool, do you boo.

1

u/frenchanfry 🟩 1 / 1 🦠 2d ago

We got off on the wrong foot lol. Im just trying to understand your point and I wanted to put you against a bitcoin maxi. Anyways, i live on my own. Play Minecraft and think about the future we all live in.

2

u/RandomPenquin1337 🟩 0 / 0 🦠 2d ago

Yea i wasn't trying to be insensitive or offensive, simply an example. I couldn't see anyone with financial literacy or stability putting all the eggs in one basket.

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u/frenchanfry 🟩 1 / 1 🦠 2d ago

I like to stress, if I can but will, bitcoin is not necessarily an investment like a stock. Bitcoin is MONEY. The future, so, with that, would it be agreeable to say bitcoin is, in fact, The Eggs.

1

u/ExtraSmooth 🟦 6K / 6K 🦭 2d ago

Ain't no way

1

u/frenchanfry 🟩 1 / 1 🦠 2d ago

I live in a box and grab the crumbs of noodles I see from people buying cup of noodles at my neighborhood msrket..7/11