Bitcoin devs scramble to protect $2.2tn blockchain from looming quantum computer threat
Bitcoin devs scramble to protect $2.2tn blockchain from looming quantum computer threat
People will continue their commitment to Bitcoin and accept that they will be robbed in the year 2039 when Q-Day happens. You can tell the holders to move to the new fork or move to a superior coin, but they will still want to get fucked rather than spend the time doing 6 mouse clicks, pasting a new address, and then pressing Send.
Good luck, cryptolords.
Honestly the most likely outcome is that they fix it with plenty of time to spare, the headline of this article is needlessly sensational. Post-quantum encryption is already a thing and Bitcoin has the backing to solve this
People think the year 2000 bug / issue was overhyped because all businesses worked incredibly hard to prevent it from happening. Same thing.
At the current rate of development, quantum computers could start threatening Bitcoin within five to 10 years
Ahh yes, "scrambling" to meet this urgent deadline.
Honestly, it would require a scramble if they were starting from zero right now. Software development takes time, especially when quantum is involved and double-especially when money is involved.
The bigger threat to Bitcoin Core (BTC) is the lack of usage. The miner subsidy will run out long before quantum comes about.
They crippled the chain back in 2017 to only process 7 transactions per second and all the activity moved to other chains.
There was no technical reason to do this and that is why Bitcoin Cash (BCH) was born, it is the sane and logical Bitcoin.
