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Showing 5 of 5 results by QuantumPenisJamesonLopp
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Board Development & Technical Discussion
Re: Bitcoin must upgrade or fall victim to quantum computing in 5 years
by
QuantumPenisJamesonLopp
on 07/08/2025, 21:56:26 UTC
This thread again?

5 more years meme has been around since 25 years. Quantum computing is still immature, overhyped, and needs physics defying hardware before even rivaling classical systems. No algorithm is going to fix the noise issue which is ultimately a boundary of physics. So unless we are hoping to discover new physics in the next 5 years, I do not see any danger to Bitcoin. Noise isn't just an engineering challenge, it's a physics limit.

No, that is not quite correct. One danger I do see:  Quantum FUD as a soft attack vector, used in social engineering to leverage consensus.

Quantum computing was and is nothing but a hype. I don't care about new algorithms which beat out the old ones.

https://i.imgflip.com/a2hpbl.jpg

You should really read https://bitcointalk.org/index.php?topic=5550298.msg65666459#msg65666459 and if you can please comment on the BIP on GitHub.
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Board Development & Technical Discussion
Re: Bitcoin must upgrade or fall victim to quantum computing in 5 years
by
QuantumPenisJamesonLopp
on 07/08/2025, 20:56:00 UTC
In order for a quantum-computer to pose danger to Bitcoin it would require to have between 100000 - 1million logical qubits!
https://eprint.iacr.org/2021/967.pdf shows that 2330 logical qubits suffice.


My bad, you're right. They are physical qubits.

Breaking Bitcoin's ECDSA requires ~2,300+ logical qubits (or millions of physical qubits), placing practical attacks decades away.

Requirement to break ECDSA:

Logical Qubits:~2,330–2,619
Physical Qubits (1-hour): 317 million
Physical Qubits (1-day): 13 million

Cointelegraph's recent article wrongly states the following:

Quote
Did you know? Hardware studies suggest that breaking a Bitcoin wallet’s ECDSA key within one hour would (optimistically) require around 13 million logical qubits (or more than 300 million physical qubits, depending on error correction regimes).

Regardless, today and in the next few decades (min 10, max 20 years) there will be no danger to Bitcoin. Anyone who pushing for "quantum-resistant" Bitcoin today is only cares about selling you "super secure Bitcoin wallets" so they can grab your Bitcoins. Not kidding. See for example this: https://bitcointalk.org/index.php?topic=5550298.msg65666459#msg65666459 Corporations who selling Bitcoin wallets are pushing to ban all non-quantum transactions in Bitcoin in the "next 5 years". Be aware!
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Board Development & Technical Discussion
Re: J. Lopp's Post-Quantum Migration BIP
by
QuantumPenisJamesonLopp
on 07/08/2025, 16:20:43 UTC
Also worth noting that the user murchandamus on GitHub banned an user for 7 days for criticizing Jameson Lopp's BIP proposal. Well, the user murchandamus is working for bitgo.com and Jameson Lopp who also worked for bitgo.com is his best buddy. There is a strong conflict of interest regarding the BIP and I have that feeling that is going to be forced on us, like it or not. If you dare to criticize it any way you will be banned like that user on GitHub.
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Board Development & Technical Discussion
Re: Bitcoin must upgrade or fall victim to quantum computing in 5 years
by
QuantumPenisJamesonLopp
on 07/08/2025, 15:58:48 UTC
In order for a quantum-computer to pose danger to Bitcoin it would require to have between 100000 - 1million logical qubits.
This kind of quantum-computers not going to exist for the next 20 years for sure.
Anyone else who claim otherwise is an idiot like this guy called Jameson Lopp: https://bitcointalk.org/index.php?topic=5550298.60
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Board Development & Technical Discussion
Re: J. Lopp's Post-Quantum Migration BIP
by
QuantumPenisJamesonLopp
on 07/08/2025, 15:35:26 UTC
This is from the #bitcoin IRC channel on Libera Chat:

Hi, I looking for someone to talk about this: https://github.com/bitcoin/bips/pull/1895

The header in the BIP at https://github.com/bitcoin/bips/pull/1895/files clearly shows that Jameson Lopp has very strong conflict of interest and the proposal may not be as independent as it's pretends to be.

Example, there is in the header as "AUTHOR" the "Pauli Group" along with the so called "Quantum Security and Defence" and "QB.TC". Pauli Group is nothing more than a company that SELLING Bitcoin wallets that claims to be "Quantum-Safe". The "Quantum Security and Defence" is a very generic description title that doesn't sound too promising or for that matter legit their domains Creation Date is 2024-05-31T13:25:02Z. "QB.TC"'s domain Creation Date is 2025-04-03T16:23:20.682Z. On the other hand "Pauli Group"'s domain registered early but apparently they don't know what is DNSSEC while claiming to be super cryptographers. I see a pattern here. I think the BIP proposal is nothing more than an attack on Bitcoin itself to serve the interest of a very few corporation that selling Bitcoin wallets and claiming to be amazing cryptographers etc.

Another interesting person who is an "AUTHOR" in that BIP proposal is no other than this guy: https://kitcaster.com/ian-smith/ who worked for  "NASA, Oracle, VISA, and Boeing" I wouldn't be proud if I was him for working for VISA and Boeing. Anyway he also doesn't look to be someone whose interest is improving Bitcoin without filling his pocket.

The last "AUTHOR" on that BIP is "Joe Ross" who also works for QB.TC but apparently he was too shy to use his company email address (just like the above mentioned Ian Smith who definitely only created that gmail address to use it on this BIP in order to hide who is him and what company he runs).

Here on Libera more than 300+ people sitting in the #bitcoin channel and I wonder if anyone else care about this or it's doesn't matter? Or just fck Bitcoin and we merge that PR with Jameson Lopp's and the other corporate fuckers BIP proposal? On BitcoinTalk I seen a topic about this BIP proposal and many people clearly against it.

NOTE: Jameson Lopp's WikiPedia page is under the process of deletion that is endorsed by a WikiPedia Admin and another user.