Quote from: Z-tight on October 24, 2024, 09:40:32 PM

... before super computers become a threat to BTC, we would have moved to an algorithm that is resistant to it.

... BTC may even be of lower interest for attackers.

When would it be deemed that "okay, now quantum computers are a threat to bitcoin"? How easy is it to switch to quantum resistant computing? How backwards compatible is it?

https://x.com/whale_alert/status/1849685315218256097

I was going to make a thread but it's nice to have this thread already open about this. Would it not be sensible to consider that if quantum computing reaches a state where it's usable, that it wouldn't be made public until the people who reached that state benefit themselves first?

And the argument that "there are other things that are more interesting to attackers", is no longer really true anymore. Bitcoin's market cap is higher than that of silver, cracking old bitcoin private keys is inconspicuous, and even completely legal today. If by some miraculous chance you landed on the same private key as Binance's cold wallet, that money is completely yours for the taking, as there was no intrusion, social engineering, or breaking any law of any kind to access it.

When exactly would this "switch" to quantum resistant computing happen, wouldn't it be safer to do before it's publicly known that quantum computing is now an issue? Because once that happens it's probably weeks or months too late, depending on how long it'd take to switch.