Post
Topic
Board Beginners & Help
Re: Quantum computing and Bitcoin cryptography
by
jjbliss
on 29/05/2013, 02:44:41 UTC
Precisely. People are already talking quite a bit about QCs and we're arguably dozens of years from practical general quantum computing. By the time they're on the near horizon, the hooks in Bitcoin and all other widespread forms of electronic cryptography will be undergoing major renovation. Think Y2K -- it's not something that can catch us off guard because we can see it coming as the research advances.

Definitely.  Any problem bitcoin has will be shared by any other system using cryptography.  If anything, upgrading mining systems to QC would provide a built-in safety advantage to Bitcoin over other electronic payments.