What does this mean for bitcoin?

chainlink is anti quantum proection from her

Seed a torrent at quantum speeds

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Shut down SWIFT, Western Union and erase all the holdings of the banks.

Hes actually right because the internet runs on encryption and if you can decrypt it you could just shut the internet down. All your banking, all your accounts in databases etc, its all succeptible (Im not looking up how to spell that) to brute force attacks of that power.

Doesn’t mean anything. Whatever processing powers exist at any given point will just have more 100,000-years-to-break encryption methods. New encryption methods are much easier to make than more powerful computers.

Honestly?
Crack Satoshi's Bitcoin wallet to get its seed and pose as the real Satoshi.

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The difference is, Bitcoin can easily be upgraded. You're not having to wait for each bank & business to upgrade each of their systems (while still maintaining compatibility).

Funnily enough, if this shit ever kicks off, it could actually be quite bullish for Bitcoin etc. The decentralisation should mean quicker fixes, while the traditional businesses lag behind.

Imagine if it was THE only secure digital payment medium.

That would be awesome!
Trust on banks would collapse and trust on Cryptocurrencies would skyrocket.

Just imagine $2.000.000 Bitcoin, $1.000 Nano and $10 Dogecoin...

Steal money obviously

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Just imagine all the dead kikes.

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This. Decentralized development is proactive. The traditional banks will wait for some (((professionals))) to host a conference to educate other (((professionals))) what to do 10 years too late.

i'd use it to generate exabytes worth of deep fake pornography for a lifetime of coom

whats a "classical" computer? a high end gaming rig? an overpriced mac? a black lady at nasa?

Run Witcher 3 on medium settings.

Thank you Sergey

they compared it to this exact computer. apparently the same task would take it 10k years
en.wikipedia.org/wiki/Summit_(supercomputer)

Time to up the difficulty of the problems I guess

except those encryption methods would be much slower to solve on regular computers, which is what the majority of miners have.
Meaning every miner would need a quantum machine. Not viable. Before that can happen every problem would be solvable by the few people who have one.

Praise Geraldo!

Make every private photo on the internet public for shits and giggles.

Use it to shitpost on Jow Forums

Oh fugg, what would you even shill if you control 99% of threads and replies on here.

>easily
We've already got 5 forks, it's going to get a lot worse when there's 10 quantum forks

nobody would believe it anyway, and you'd end up with a giant tax bill and the only way to pay it is by crashing the market

Shit plan m8

This is a good point.

no it's not, look up lattice cryptography

This
Retarded bobos will short it to death then lose all their money when their bank gets hacked kek

>pose as the real Satoshi
WTF is this faggotry?
You get access to possibly billions, and you use it to fucking LARP?
WTF biz

believing what they say

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no, you look it up, bitch

If I had access to Satoshi's wallets with over 1 million bitcoins in them, first thing I'd do is transfer them into quantum-proof addresses (basically any address that hasn't been reused).

Then I'd spend the entire day to find all other P2PK UTXOs (basically all the non-quantum-proof addresses) and all non-empty reused address, and crack all those and transfer them into quantum-proof addresses.

Then I'd start running TONS of join markets and mixes on Wasabi wallet, nonstop for YEARS, and run paid campaigns on Reddit and Jow Forums to shill these, until everything has been mixed beyond recognition.

I did the math, and it would take Google's computer 40 million years to crack a Bitcoin wallet. So it isn't exactly there just yet.

My nigga

I'm pretty sure they just update the encryption method. There are quite a few encryption methods that are supposedly quantum computing resistant.

Pretty sure Google is using this machine right now to access petabytes of personal data, if they don't have dirt on every head of state by now, they're doing this wrong

Make an AI so realistic that online games would just be against CPUs . Further enslaving everyone in solitude

lattice cryptography is just harder (or impossible) to hard-solve. But the whole point I'm making is that the algorithm NEEDS to be solvable for POW.
Which means that after quantum machines only POS will work (if it does). Unless they come up with a radical change to how POW works.

I, for one, welcome our new QuantCoin overlord.

imagine not being able to see the writing on the wall?

only if you reuse them and that is a big if, making a quantum computer larger than 20 qbits is extremely expensive and problematic. you would need 256 or more qbits to shor btc private keys.

this is the problem with quantum computing actually
making the algorithm to perform the calculation

you're sad, Craig LOL

It's bullish. Quantum decryption will kill 80% of banks, they can't even get their shit together for PDS2 and ISO standards in time. Imagine a bank hearing "We need to update our servers, a quantum attack is coming!" from their tech-gurus. They'd laugh in their faces. But this situation would be repeated at every bank, because there is no standardized rollout procedure for a network of banks.

its just a sha256 calc, im sure MIT has already fed millions of wallet seeds and keys through some sort of AI, I really dont think were more than 5 years away now.

The trick to breaking the encryption might be finding out how to calculate a key that works as opposed to the exact key intended to open the wallet

that's not how it works

hehehe, yeah that is a more likely approach however you need to be mindful of your magnitudes. there are more iterations you have to try than how many atoms are in the known universe.

>Which means that after quantum machines only POS will work
bullshit nigga, quantum computing will not pose a real threat to everyday cryptography for an other hundred years. and it's trivial to increase key sizes while it is mindblowingly exponentially difficult to add a single qbit to a quantum computer.

>Shor’s algorithm for integers large enough to unlock a standard 128-bit encryption key, for instance, would require thousands of qubits — plus probably many thousands more to correct for errors.
you know what they are struggling today with? 50 qbits.

Play vidya

The threat to the US is absolutely worse.

it's over for BTC, that's why Google is allin on LINK