Post
Topic
Board Bitcoin Discussion
Merits 5 from 2 users
Re: Why people sending transitions to Satoshi's first bitcoin wallet
by
o_e_l_e_o
on 29/12/2021, 20:21:12 UTC
⭐ Merited by mynonce (3) ,BlackHatCoiner (2)
Regarding quantum computers and if they able to break Bitcoin cryptography, do you still think bitcoin would be worth any thing?
We will fork to a quantum resistant algorithm long before quantum computers pose a serious threat. And once quantum computers can break elliptic curve multiplication, then pretty much the entire internet will be at risk. If bitcoin isn't worth anything, then neither will fiat.

The danger with quantum computers concerns only those abandoned P2PK addresses most of which are doomed to be emptied maliciously in the future.
It concerns all coins in addresses with exposed public keys, which includes many reused addresses.