Quantum Computing to end Crypto sooner than you think
(trendsandtrackrecords.com)
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Russians be emptying my E wallet from another dimension.
Are you saying they’ll hack through my passwords that end in 1234?
Yes. But those heavily invested in Bitcoin will be taking losses they could have avoided.
So would anyone with anything protected by a private key or password.
Yes, absolutely. -- And anyone with a bank account or a credit card or who wants a functioning market for, well, food or anything else. It'll be a mess for awhile. Everything is tied into the banks and other big organizations that use cryptography to enable at least some semblance of security. Strong quantum computing will make today's hacking dangers look like the Good Times.
Pretty sure that if a majority of all crypto where stolen over night, the majority would switch to a fork named <coin> (quantum secure), which just like the name suggests is an upgraded version of the coin, with a quantum secure algorithm, conveniently forked just before the hack.
Then the quantum hackers can sit there with their worthless crypto which is no longer secure, and therefore worthless. Exchanges and banks are the big losers.
Well, OK.
Doesn't quantum computing (and crypto mining) need a huge amount of electricity? We're in a grand solar minimum with electro-magnetic flares from the sun disrupting electrical systems.
Thanks. I would hope quantum technology uses sustainable energy or different energy otherwise what sets it apart from computers currently running large data sets of probabilities?