HODL til 2024 Crypto Bull Run

[Whale biologist]

Tell me more about this "quantum resistant algorithm",,,

Whatever the hell that is aside, quantum would definitionally be able to break sha-256 encryption

[Jibartik]

quantum computing is what the transistor computer was to paper.

Basically we're going to go from pigons and telegraphs to the internet, but from the internet to ::::::::?

It's quite literally the most exciting thing happening on earth and to be honest I am under describing the gigantic leap forward it will bring to humanity, we're talking the end of silicon valley level computing.

Dont believe hype about QC and BC being some political side you have to be on, if you believe in BC tech then you should def believe in QC because they're both as cutting edge, but one just happens to use a practice that all laws of physics that we follow seems to imply is not real, but it is.

This is like the Manhattan project during world war 2 and when it goes boom we're going to see some serious shit.

Math is meant to be solved. Sha will be solved that's inevitable IMO and there will be a crypto that replaces bitcoin because of it, because the "concept" behind bitcoin is invaluable.

Bitcoin doesn't have to be the one people use to transfer wealth from Kalaxian-9

But dont worry castle we have a long while to go, or you know you could wake up tomorrow and suddenly someone just withdraws all of satowishi's coins, and a lot of other peoples.

or maybe they would just take bits of coins over time and become a billionare without anyone noticing...

Either way, someone's going to crack it someday!

[Castle2.0]

Tell me more about this "quantum resistant algorithm",,,

I am glad you asked. You asked twice, so you must be serious. I deal with the serious, not the curious.

"Quantum Computing Will Ruin Cryptography and Privacy"

Is a click-bait, made for general population plebs, news article title. That caught your eye on CNN or Fox. It's okay. Now, your lesson.

What you might not know is there is an ENTIRE discipline of "post-quantum" and "quantum resistant" cryptographic research.

Let me google it for you.

https://en.wikipedia.org/wiki/Post-quantum_cryptography

In contrast to the threat quantum computing poses to current public-key algorithms, most current symmetric cryptographic algorithms and hash functions are considered to be relatively secure against attacks by quantum computers.

Sources:

• Daniel J. Bernstein (2009). "Introduction to post-quantum cryptography" (PDF). Post-Quantum Cryptography. (link: http://www.pqcrypto.org/www.springer...0887010-c1.pdf)
• Daniel J. Bernstein (2009-05-17). "Cost analysis of hash collisions: Will quantum computers make SHARCS obsolete?" (link: http://cr.yp.to/hash/collisioncost-20090823.pdf)

If you won't read Bernstein's Paper he summarizes it quite nicely in his slides when he talks on it:

Originally Posted by Daniel Bernstein

All known quantum algorithms are fundamentally slower than traditional collision circuits, despite optimistic assumptions re quantum-computer speed.

By the time quantum computing seriously being a threat is within even 10 years of possibility, you'll see bitcoin go to a "post-quantum" algo.

But let's mark this November 2021, so I can come back in 2024 to say I told you so. Quantum still decades away. Bitcoin is $500k+

[Whale biologist]

Originally Posted by Castle2.0 [You must be logged in to view images. Log in or Register.]

I am glad you asked. You asked twice, so you must be serious. I deal with the serious, not the curious.

"Quantum Computing Will Ruin Cryptography and Privacy"

Is a click-bait, made for general population plebs, news article title. That caught your eye on CNN or Fox. It's okay. Now, your lesson.

What you might not know is there is an ENTIRE discipline of "post-quantum" and "quantum resistant" cryptographic research.

Let me google it for you.

https://en.wikipedia.org/wiki/Post-quantum_cryptography



Sources:

• Daniel J. Bernstein (2009). "Introduction to post-quantum cryptography" (PDF). Post-Quantum Cryptography. (link: http://www.pqcrypto.org/www.springer...0887010-c1.pdf)
• Daniel J. Bernstein (2009-05-17). "Cost analysis of hash collisions: Will quantum computers make SHARCS obsolete?" (link: http://cr.yp.to/hash/collisioncost-20090823.pdf)

If you won't read Bernstein's Paper he summarizes it quite nicely in his slides when he talks on it:



By the time quantum computing seriously being a threat is within even 10 years of possibility, you'll see bitcoin go to a "post-quantum" algo.

But let's mark this November 2021, so I can come back in 2024 to say I told you so. Quantum still decades away. Bitcoin is $500k+

As of 2021, this is not true for the most popular public-key algorithms, which can be efficiently broken by a sufficiently strong quantum computer.

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[Jibartik]

investing in crypto is tantamount to being a rick & morty fan.

what he is saying is that as quantum computing grows so will bitcoins encryption algorithms, which I believe. but I think anyone who says that is true as a matter of fact is as credible as the guy who says bitcoin will destroy the environment.

Nobody knows if bitcoin go down it probably go up again just deal with it is my motto. But I suggest getting in peace by peace now because like I said 60k is still low considering 27k I thought was 60k 1 year ago its gonna be either at or over 100 next year castle will bring it up for sure

or jesus will be around the corner and it will be a little more obvious which do you think?

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[Whale biologist]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

investing in crypto is tantamount to being a rick & morty fan.

what he is saying is that as quantum computing grows so will bitcoins encryption algorithms, which I believe. but I think anyone who says that is true as a matter of fact is as credible as the guy who says bitcoin will destroy the environment.

Nobody knows if bitcoin go down it probably go up again just deal with it is my motto. But I suggest getting in peace by peace now because like I said 60k is still low considering 27k I thought was 60k 1 year ago its gonna be either at or over 100 next year castle will bring it up for sure

or jesus will be around the corner and it will be a little more obvious which do you think?

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it occurred to me that they wouldn't release the quantum if they had it, because it would be a serious advantage over their subjects.

spooky! 🇺🇲

[Jibartik]

Originally Posted by Whale biologist [You must be logged in to view images. Log in or Register.]

it occurred to me that they wouldn't release the quantum if they had it, because it would be a serious advantage over their subjects.

spooky! ����

yeah although as soon as someone figures out quantum computing suddenly either

a.

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b.

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or

c.

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will happen

[Whale biologist]

Looking forward to the death of encryption thanks to you dorks turning it into pizzas 💰🍕

Death by a thousand bytes

[Jibartik]

quantum computing meets gpt AI lmao

wtf do we think our bitcoin is going to do to out encrypt our money from terminators may as well invest though until then for these sweet pyramid scheme gains!

[Castle2.0]

As of 2021, this is not true for the most popular public-key algorithms, which can be efficiently broken by a sufficiently strong quantum computer.

Maybe you missed the point. If quantum computing may become a threat to bitcoin, they will change from ECDSA to a post-quantum way of doing keys.

Will quantum computing decades from now be able to crack ECDSA, which is already decades old today? Probably.

Will the computer savvy folks working on the tech of a 1+ trillion dollar market cap asset forget to switch to a "post-quantum" algo for keys, which already exists? No.

Checkmate. And thanks for playing.