Post
Topic
Board Bitcoin Discussion
Re: What will happen if quantum computer owners start to move the early mined coins?
by
dothebeats
on 09/01/2020, 18:56:06 UTC
The real question lies on how long quantum computers would be fully-functional and operational in large scale and not just existing in laboratory conditions. Anyway, I'm pretty sure the community and the developers working on bitcoin know the possible threat of quantum computing should it ever go live within the tech space. Before that goes full-blown, we may have moved to a completely quantum-resistant algorithm that deflects any sort of brute-forcing and/or possible exploits affecting P2PKH addresses.

Should coins that were mined early and are deemed inaccessible were retrieved by QC owners and the community knew about it, perhaps a fork would be proposed and we'd take it from there and accept the fact that these coins are permanently lost in the void without any chance of retrieval.

The bitcoin community is comprised of bright minds capable of coming up with solutions even to theoretical problems, so I'm banking on that fact heavily.