Post
Topic
Board Speculation
Re: Bitcoin will die at 2027
by
btc_angela
on 03/11/2018, 19:18:42 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 ))


The problem is that quantum computing is like taking the world by storm and its touted to break "bitcoin algorithm". However, bitcoin is still foul proof and yeah it bitcoin core see's that there is a threat in the future then I'm sure some adjustments will be made by that time.