Post
Topic
Board Bitcoin Discussion
Re: Quantum computers: possible menace to Bitcoin?
by
GODLIKE
on 15/07/2014, 13:49:38 UTC
If quantum computers were actually available (at least to someone) and were effectively able to successfully attack cryptographic algorhitms, there would be a lot more profitable ways to use them; and, if one really wanted to use them against the Bitcoin ecosystem, cracking private keys would be a quite more useful target than mining.

The profitable way to use these kinds of technology would be to simply mine altcoins on a multipool, trying to do anything else would likely cost more then it would generate in revenue.

If they were a viable menace to cryptography in general, every secure communication in the world could potentially be compromised, including web sites, digitally-signed emails, and so on. If that stage was to ever be reached, I'd be a lot more worried about credit cards and bank accounts than Bitcoin wallets.

Because you are thinking like a robber, not like a central bank director.