Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Speculation
Re: Bitcoin price will go below 100 $ and then > 1,000,000 $
by
longtermbitcoin
on 23/01/2020, 15:08:18 UTC
https://cryptonews.com/news/how-much-of-a-risk-is-investing-in-bitcoin-5595.htm
Quantum Computing
Another risk that Bitcoin investors face is posed by quantum computing. There are many who believe that the immense power of the quantum machines currently under development could make brute force hacking private keys simple and effective. If this were possible, not a single wallet on the planet would be safe. Naturally, investors would attempt to sell en masse with hopes to retain whatever value they could. This would quickly result in a Bitcoin price of single digits or even zero overnight. For now, however, quantum computing does not pose a significant risk to investors. What’s more, the network of developers working solidly to improve the Bitcoin protocol have this threat on their radar and will attempt to circumvent it before it ever materialises.

Quote from: newBTCdecade on January 22, 2020, 03:09:48 PM
We are getting closer:

The boss of Google has warned that quantum computers will be able to break encryption within as little as five years, signalling the growing threat to privacy such technological advances.
https://www.telegraph.co.uk/technology/2020/01/22/googles-sundar-pichai-quantum-computing-could-end-encryption/
"In a five to ten year time frame, quantum computing will break encryption as we know it today."

But the Bitcoin network will still work.

Re: Bitcoin price will go below 100 $ and then > 1,000,000 $