BrikoX@lemmy.zipM to Technology@lemmy.zipEnglish · 2 months agoFear that quantum computing is on the cusp of cracking cryptocurrency's encryption spurs a global investment firm to remove Bitcoin from recommendationswww.tomshardware.comexternal-linkmessage-square25linkfedilinkarrow-up1147arrow-down16file-text
arrow-up1141arrow-down1external-linkFear that quantum computing is on the cusp of cracking cryptocurrency's encryption spurs a global investment firm to remove Bitcoin from recommendationswww.tomshardware.comBrikoX@lemmy.zipM to Technology@lemmy.zipEnglish · 2 months agomessage-square25linkfedilinkfile-text
The firm’s senior financial strategist is concerned the advancements in the field of quantum computing will break Bitcoin.
minus-squareHonse@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up56arrow-down3·2 months agoIt’s not even close lol why the panic. Did wall street read one of those clickbaity quantum computing research breakthroughs
minus-squarewhoever loves Digit 🇵🇸🇺🇸🏴☠️@piefed.sociallinkfedilinkEnglisharrow-up22·2 months agoIn trading, gotta react early to stuff everyone else will react to later I won’t though, I’ll just keep my Bitcoin until it’s worthless lol
minus-squarea_non_monotonic_function@lemmy.worldlinkfedilinkEnglisharrow-up6·2 months agoGuessing how close or far we are from any given computing breakthrough is bound to be wrong. I wouldn’t be shocked if some governments were pouring money into this in secret.
minus-squareClent@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up6arrow-down1·2 months agoIt’s also possible for bitcoin to switch algorithms so it would presumably switch to something quantum resistant. There are already chat clients that have switched to these types of algorithms, Signal and Apple messages being the most popular ones.
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkEnglisharrow-up5·2 months agoDo you want to be the one holding the bag in 20 years?
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·2 months ago It’s not even close lol why the panic The quantum grift is very similar to the “AI” grift.
minus-squareSmoothOperator@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·2 months agoWell, there’s grifters in both camps, but the quantum computing potential was scientifically proven with Shor’s algorithm decades ago, while nobody knows if AI will go anywhere from here. So also fundamentally dissimilar.
It’s not even close lol why the panic. Did wall street read one of those clickbaity quantum computing research breakthroughs
In trading, gotta react early to stuff everyone else will react to later
I won’t though, I’ll just keep my Bitcoin until it’s worthless lol
💎
Guessing how close or far we are from any given computing breakthrough is bound to be wrong.
I wouldn’t be shocked if some governments were pouring money into this in secret.
It’s also possible for bitcoin to switch algorithms so it would presumably switch to something quantum resistant.
There are already chat clients that have switched to these types of algorithms, Signal and Apple messages being the most popular ones.
Do you want to be the one holding the bag in 20 years?
The quantum grift is very similar to the “AI” grift.
Well, there’s grifters in both camps, but the quantum computing potential was scientifically proven with Shor’s algorithm decades ago, while nobody knows if AI will go anywhere from here.
So also fundamentally dissimilar.