Post
Topic
Board Bitcoin Discussion
Re: In 10 years from now a quantum computer
by
aplistir
on 24/07/2019, 09:13:32 UTC
Quantum computers are computers which exploit quantum mechanics to do certain computations far more quickly than traditional computers. https://en.bitcoin.it/wiki/Quantum_computing_and_Bitcoin
generating the privatekey: yes
hashing the next block: no

Deriving the private key of old addresses that got reused and still have balance: eventually.

Deriving the private key of old address with no outgoing transactions: no.

The majority of "lost" coins fall in the latter category. Quantum computing can't bring back old coins just like it can't bring back your grandmother.

You forgot Satoshi's 1000000 bitcoins that have newer been moved, but still have their public keys visible.

Those addresses are difficult to protect from QC, because even if we implement a QC-resistant algorithm, those can't be protected or otherwise even Satoshi couldn't move them.