Post
Topic
Board Speculation
Re: Bitcoin will die at 2027
by
Dilerium90
on 02/11/2018, 16:51:00 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
 

I think that we should not worry about this, because technologies are developing gradually and by 2027 we will be safe with respect to super powerful computers. Otherwise, quantum computers - it's death of Bitcoin ))