Hello there, I have a question that annoying me last days.
Can anyone explain me please, what happen if Some organization (corporation or country or maybe even some group of people) create Quantum Computer?
How it could affect on Bitcoin if this (let say group of people) want to destroy the whole system.
As I understand with the Power of such computer you could easily select private keys or create a 51% attack?
And probably give advice what to do in that case, I mean it would be enough to store my Bitcoin on cold wallet(It would be safe?), or panic sell in physical gold))
Thank you in advance.
This has been discussed many times in the past and the answer is always the same, quantum computers are not going to appear from nowhere so there is going to be time for the developers to take measures against that risk, why don't we take those measures now? Because it is unnecessary, bitcoin has now the backing of a lot of powerful people and changing it just because is not going to sit well with them, so only when the threat of quantum computers becomes realistic that is when the change will be made in bitcoin to resist those attacks, so as you can see there is no need to panic at all.