Re: Bitcoin will die at 2027

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 development of quantum computers is very slow so we have more time than that to implement algorithms that are resistant to quantum computers, so you are worrying for something that is not going to happen, it is very easy to think that something can destroy bitcoin but 10 years have passed and governments have been unable to find anything that comes close to that.

Yes, ten years have past and the government has unable find anything that will come close to destroy bitcoin and their FUDs also was unable to harm bitcoin. However, we must still not ignore the chance for any possibility and I'm sure the community are working and watching.

We must not ignore any possibility and this thread is the perfect example of that, people are worried about the possibility of something happening to bitcoin thanks to a technology that does not even exist yet and that in the best case will exist during the next 10 years, so the community is obviously very vigilant about the possible effects of technologies or laws that could affect bitcoin.