Post
Topic
Board Speculation
Re: Bitcoin will die at 2027
by
JohnBitCo
on 31/10/2018, 14:09:55 UTC
Hey, guys. This year I became seriously interested in quantum computers. I came across here a study of Australian and Singaporean scientists about the security of Bitcoin: https://arxiv.org/pdf/1710.10377v1.pdf There are a lot of figures and formulas in the report, I haven't understood everything, but the main idea I've caught is that if Bitcoin doesn't implement post-quantum algorithms, it won't survive until 2027.
Currently, I'm thinking hard about how I could minimize the risks - all of the sudden, it may be true about quantum computers. What do you think, guys?
Maybe, there are already some projects that make a crypto with post-quantum protection? I think it should be implemented in Bitcoin blockchain
 


Maybe this is true but 2027 is a lot of time and we have to see many phases of bitcoin before that time. I am not saying it can't die, maybe we have something more better than bitcoins or maybe bitcoin will become so expensive at that time that it is not imaginable to think at the present moment.