Post
Topic
Board Development & Technical Discussion
Re: Quantum Computers Can Not Defeat Bitcoin, not even The Bitcoin Network
by
ETFbitcoin
on 03/11/2023, 10:47:40 UTC
Let's see,

There are several key arguments to consider:

Practicality and Timeframe,

The current state of quantum computing is far from being able to threaten Bitcoin.

The largest quantum computers today are still experimental and nowhere near the number of qubits required to break Bitcoin's cryptography.

This development is likely decades away, giving the Bitcoin community ample time to implement post-quantum cryptographic algorithms.

It's true, assuming nobody build Quantum Computer (QC) with far more qubits in secrets. Although it's hard to predict pace of QC (or any technology) development accurately in long term.

Network Consensus and Adaptation,

Any changes to Bitcoin's cryptographic algorithms would require network consensus,

which is a cornerstone of Bitcoin's decentralized ethos.

This consensus-driven approach means the community is unlikely to let Bitcoin become vulnerable to quantum attacks.

But on other hand, the exact change (such as which cryptography to be added or how exactly should it be implemented) makes consensus or upgrade more tricky.

Misplaced Priorities,

The worry about quantum computing breaking Bitcoin's cryptography often misses a larger point.

If quantum computing reaches such an advanced stage,

#Bitcoin will not be the only technology at risk.

The entire fabric of digital security, including banking, national security, and internet privacy, would be in jeopardy.

In such a scenario, #Bitcoin's vulnerability would be part of a much larger crisis.

I partially disagree with this argument. Since Bitcoin preserve backward compatibility, that means people need to move their coin to address which use better cryptography. There's also consideration new technology (such as SegWit and Taproot) took many years before it's activated on Bitcoin network.