Quote from: Buff Mage on January 16, 2020, 04:05:54 PM

Quote from: darkangel11 on January 15, 2020, 06:12:01 PM

There's a lot of time to update Bitcoin to an even stronger encryption.

We will have a quantum resistant upgrade. People will transfer their coins to quantum resistant addresses, but a lot of coins (million+) won't be moved to these secure addresses as they are "lost" coins and nobody can move them.
Which fork will you use post quantum?
a) the fork with all Bitcoins where quantum computer owners will get the "lost" coins and will be the new owners.
b) the fork where "lost" coins are burnt and can't have new owners.

It seems the first choice (a) is inevitable. Once fork started, those addresses that did not follow instructions or left untouched will be vulnerable to being decoded by quantum computers. Unless the developers got the first hand on those coins, there is no other option but that first one (a).