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
The same was being said about the use of ASICS in the bitcoin mining industry that the use of ASICS will destroy the bitcoin mining industry but as we see now a days, all of the bitcoin farms use ASICS to mine bitcoins or any other mineable cryptocurrency. So now we see that the same is being said about the use of quantum computing and what I believe is that the case of quantum computing will still be the same as of ASICS.