Quote from: qubitasic on January 17, 2020, 03:36:16 PM

Quote from: Swordsoffreedom on January 10, 2020, 09:14:24 PM

Quote from: newBTCdecade on January 10, 2020, 02:59:56 PM

Quantum computing boost for IBM but Bitcoin stays safe https://decrypt.co/16211/quantum-computing-boost-for-ibm-but-bitcoin-stays-safe
IBM has doubled the power of its quantum computer but Bitcoin's encryption is still far from being broken.
"IBM has doubled the power of its quantum computer. At yesterday's CES 2020 conference, the company announced it had successfully achieved a Quantum Volume of 32 using its 28-qubit quantum computer known as Raleigh."
"As a network built entirely around cryptographically secured transactions, it stands to reason that a sufficiently powerful quantum computer could eventually crack the encryption used to generate Bitcoin private keys. However, according to a June 2017 paper by Martin Roetteler and several co-authors, such as a machine would need to command approximately 2,500 qubits of processing power to break the 256-bit encryption used by Bitcoin."

Interesting. I know 2500 is far from current 28 qubit but it still scares me a little. Not long ago I've read about 11-qubit quantum computer. How long do you think it will take to develop 2500 qubit computer? I hope Moore's law doesn't apply here.

Will Quantum Volume Be The Next Moores Law? https://www.designnews.com/design-hardware-software/will-quantum-volume-be-next-moore-s-law/62963653562205
Doubling performance every year is now the benchmark for quantum computers as designers look to EDA vendors for new automation tools.
IBMs Rasit Onur Topaloglu: "I am not going to project when we will reach 200 qubits, but we already have an 80 qubits architecture."

According to the chart: 2500 qubits reached by year 2025

We have to begin with the implementation of quantum resistant Bitcoin addresses soon.

@satoshi, your early mined coins will be moved soon and will have new owners.
Transfer your coins to P2PKH (or other than P2PK) addresses if you disagree.
We have no other opportunity (you created bitcointalk.org) to explain you the situation.
You don't need to answer, but if you want to give away your coins, thank you very much.
Otherwise move your coins, please.

qubitasic

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