BrikoX@lemmy.zipM to Technology@lemmy.zipEnglish · 4 days agoFear that quantum computing is on the cusp of cracking cryptocurrency's encryption spurs a global investment firm to remove Bitcoin from recommendationswww.tomshardware.comexternal-linkmessage-square28linkfedilinkarrow-up1157arrow-down16file-text
arrow-up1151arrow-down1external-linkFear that quantum computing is on the cusp of cracking cryptocurrency's encryption spurs a global investment firm to remove Bitcoin from recommendationswww.tomshardware.comBrikoX@lemmy.zipM to Technology@lemmy.zipEnglish · 4 days agomessage-square28linkfedilinkfile-text
The firm’s senior financial strategist is concerned the advancements in the field of quantum computing will break Bitcoin.
minus-squareHonse@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up58arrow-down3·4 days agoIt’s not even close lol why the panic. Did wall street read one of those clickbaity quantum computing research breakthroughs
minus-squarewhoever loves Digit 🇵🇸🇺🇸🏴☠️@piefed.sociallinkfedilinkEnglisharrow-up22·4 days agoIn trading, gotta react early to stuff everyone else will react to later I won’t though, I’ll just keep my Bitcoin until it’s worthless lol
minus-squarea_non_monotonic_function@lemmy.worldlinkfedilinkEnglisharrow-up6·4 days agoGuessing how close or far we are from any given computing breakthrough is bound to be wrong. I wouldn’t be shocked if some governments were pouring money into this in secret.
minus-squareClent@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up6arrow-down1·3 days agoIt’s also possible for bitcoin to switch algorithms so it would presumably switch to something quantum resistant. There are already chat clients that have switched to these types of algorithms, Signal and Apple messages being the most popular ones.
minus-squaretechnocrit@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·3 days ago It’s not even close lol why the panic The quantum grift is very similar to the “AI” grift.
minus-squareSmoothOperator@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·3 days agoWell, there’s grifters in both camps, but the quantum computing potential was scientifically proven with Shor’s algorithm decades ago, while nobody knows if AI will go anywhere from here. So also fundamentally dissimilar.
minus-squareBlue_Morpho@lemmy.worldlinkfedilinkEnglisharrow-up5·4 days agoDo you want to be the one holding the bag in 20 years?
It’s not even close lol why the panic. Did wall street read one of those clickbaity quantum computing research breakthroughs
In trading, gotta react early to stuff everyone else will react to later
I won’t though, I’ll just keep my Bitcoin until it’s worthless lol
💎
Guessing how close or far we are from any given computing breakthrough is bound to be wrong.
I wouldn’t be shocked if some governments were pouring money into this in secret.
It’s also possible for bitcoin to switch algorithms so it would presumably switch to something quantum resistant.
There are already chat clients that have switched to these types of algorithms, Signal and Apple messages being the most popular ones.
The quantum grift is very similar to the “AI” grift.
Well, there’s grifters in both camps, but the quantum computing potential was scientifically proven with Shor’s algorithm decades ago, while nobody knows if AI will go anywhere from here.
So also fundamentally dissimilar.
Do you want to be the one holding the bag in 20 years?