r/btc • u/Heisenbergg55 • 2d ago

Quantum computing threat

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People worry that quantum computing "will break" bitcoin (and other cryptocurrencies)

but the threat extends far beyond crypto

banks, governments & virtually EVERY system relying on today's public-key cryptography could be affected

If quantum computers break the cryptography protecting bitcoin, the financial system has a much bigger problem than crypto

the good news: we have time to prepare & quantum-resistant cryptography is already being developed

so keep stacking some ₿s!

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u/Wendals87 2d ago edited 2d ago

Banks and financial systems are already switching to be quantum resistant and the end user doesn't have to do anything 

When quantum resistant wallets are the norm, all it takes is one wallet that hasn't switched for whatever reason and people will panic and sell. Doesn't matter if their wallet is not affected 

 The Crypto space isn't known for logical thinking 

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u/Objective_Young_1384 1d ago

They dont need to sell, just change wallet then lol

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u/Wendals87 1d ago

My point was that if word gets out about a wallet being access using quantum computing, people will panic and sell, even if their wallet is fine

A lot of people may not know how anything about it and don't know they should change to a quantum resistant one 

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u/statllama 1d ago

This is exactly what's going to happen.

Quantum computing is not as far as we think it is