The answer is yes, but a clear distinction must be made between theory and practice. One side doesn't make all the advancements, they build off each other. Since the reward for mining a bitcoin block is now at 12.5 bitcoins, at $4000 per bitcoin i should be able to pay it off after mining a few blocks quickly! I wanted to build a metaphor to explain the absurdity of the proposition but the example was so ridiculous that i was too embarrassed to share it. Even if security doesn't keep up with quantum computers ability to decrypt, then wouldn't banks and businesses be even more vulnerable to attack than bitcoin?
Even if security doesn't keep up with quantum computers ability to decrypt, then wouldn't banks and businesses be even more vulnerable to attack than bitcoin?
Posted by 4 months ago. Perhaps government and large corporations would get a hold of the technology first and use it to their advantage, therefore a new currency would have to be made and adapted to the age of quantum computing. Qc is not a threat. Relatively new to bitcoin and trying to do as much research as i can, would someone be able to explain 'if' quantum computing would be a threat to bitcoin and if so why? The fud campaigns on quantum computing has been organized by traders half a dozen times over the past 5 years at the end of consolidation triangles, which is exactly what happened this time. As you study the technological peculiarities of quantum computing you will discover why it would just be cheaper to buy bitcoin than to steal it through computation. One side doesn't make all the advancements, they build off each other. If sha 256 was hacked. This isn't the type of thing they are good at because quantum theory requires many iterations to get a statistically correlated response, so he said they are a looong way from use in cryptography. In fact, as vitalik buterin said a few months ago: Your bitcoin is not at risk from quantum computing. Quantum computing wouldn't the developement of quantum computing just be a wash due to the fact that the bitcoin network could then implement quantum computers as well? I wanted to build a metaphor to explain the absurdity of the proposition but the example was so ridiculous that i was too embarrassed to share it.
Posted by 4 months ago. Quantum computing wouldn't the developement of quantum computing just be a wash due to the fact that the bitcoin network could then implement quantum computers as well? Even if security doesn't keep up with quantum computers ability to decrypt, then wouldn't banks and businesses be even more vulnerable to attack than bitcoin? Perhaps government and large corporations would get a hold of the technology first and use it to their advantage, therefore a new currency would have to be made and adapted to the age of quantum computing. The answer is yes, but a clear distinction must be made between theory and practice.
How will (if at all) quantum computing and cpus affect bitcoin and mining?
Your bitcoin is not at risk from quantum computing. As you study the technological peculiarities of quantum computing you will discover why it would just be cheaper to buy bitcoin than to steal it through computation. Even if security doesn't keep up with quantum computers ability to decrypt, then wouldn't banks and businesses be even more vulnerable to attack than bitcoin? Relatively new to bitcoin and trying to do as much research as i can, would someone be able to explain 'if' quantum computing would be a threat to bitcoin and if so why? Quantum computing wouldn't the developement of quantum computing just be a wash due to the fact that the bitcoin network could then implement quantum computers as well? The fud campaigns on quantum computing has been organized by traders half a dozen times over the past 5 years at the end of consolidation triangles, which is exactly what happened this time. But even you could attempt a key in a single operation and an operation is ~10 6 faster in theory your still talking ~million years in theory with a perfect quantum computer. Since the reward for mining a bitcoin block is now at 12.5 bitcoins, at $4000 per bitcoin i should be able to pay it off after mining a few blocks quickly! I wanted to build a metaphor to explain the absurdity of the proposition but the example was so ridiculous that i was too embarrassed to share it. How will (if at all) quantum computing and cpus affect bitcoin and mining? Posted by 4 months ago. The answer is yes, but a clear distinction must be made between theory and practice. Qc is not a threat.
How will (if at all) quantum computing and cpus affect bitcoin and mining? I wanted to build a metaphor to explain the absurdity of the proposition but the example was so ridiculous that i was too embarrassed to share it. Even if security doesn't keep up with quantum computers ability to decrypt, then wouldn't banks and businesses be even more vulnerable to attack than bitcoin? Qc is not a threat. The fud campaigns on quantum computing has been organized by traders half a dozen times over the past 5 years at the end of consolidation triangles, which is exactly what happened this time.
The fud campaigns on quantum computing has been organized by traders half a dozen times over the past 5 years at the end of consolidation triangles, which is exactly what happened this time.
In fact, as vitalik buterin said a few months ago: Posted by 4 months ago. As you study the technological peculiarities of quantum computing you will discover why it would just be cheaper to buy bitcoin than to steal it through computation. Your bitcoin is not at risk from quantum computing. The answer is yes, but a clear distinction must be made between theory and practice. Qc is not a threat. Even if security doesn't keep up with quantum computers ability to decrypt, then wouldn't banks and businesses be even more vulnerable to attack than bitcoin? Relatively new to bitcoin and trying to do as much research as i can, would someone be able to explain 'if' quantum computing would be a threat to bitcoin and if so why? This isn't the type of thing they are good at because quantum theory requires many iterations to get a statistically correlated response, so he said they are a looong way from use in cryptography. But even you could attempt a key in a single operation and an operation is ~10 6 faster in theory your still talking ~million years in theory with a perfect quantum computer. Since the reward for mining a bitcoin block is now at 12.5 bitcoins, at $4000 per bitcoin i should be able to pay it off after mining a few blocks quickly! How will (if at all) quantum computing and cpus affect bitcoin and mining? Quantum computing wouldn't the developement of quantum computing just be a wash due to the fact that the bitcoin network could then implement quantum computers as well?
Bitcoin Quantum Computing Reddit - How Bitcoin Affects Global Currencies Quantum Computer Bitcoin Reddit Autodex Nigeria / The fud campaigns on quantum computing has been organized by traders half a dozen times over the past 5 years at the end of consolidation triangles, which is exactly what happened this time.. One side doesn't make all the advancements, they build off each other. The answer is yes, but a clear distinction must be made between theory and practice. The fud campaigns on quantum computing has been organized by traders half a dozen times over the past 5 years at the end of consolidation triangles, which is exactly what happened this time. Relatively new to bitcoin and trying to do as much research as i can, would someone be able to explain 'if' quantum computing would be a threat to bitcoin and if so why? Even if security doesn't keep up with quantum computers ability to decrypt, then wouldn't banks and businesses be even more vulnerable to attack than bitcoin?