I've been hearing this since I was new to Bitcoin and that really scared the hell of me. But as time passes by, if there have been talks of it before about decrypting and destroying Bitcoin and its algorithm, it should have been done long ago.
As far as I know there have been in existence of quantum computers and for sure the agencies in the US and other top countries have been using it. So, why they shouldn't just use it for their own sake if they want to deal or destroy Bitcoin's network?
Because they can't, and these are all talk and it is going to cost them a lot of money to do so than whatever will benefit them after doing it.
Topic: Is Willow (Google new quantum computer chip) going to kill Bitcoin? - page 2. (Read 584 times)
December 10, 2024, 06:05:48 PM
December 10, 2024, 05:44:24 PM
Willow is Google's 2nd chip and Sycamore was their 1st one. Both are RESEARCH TEST ARTICLES made to test one specific thing - error correction. They are not something even close to what a fully functional QC will use. Details on the 1st chip: https://www.nature.com/articles/s41586-019-1666-5
Link to original Google news release https://blog.google/technology/research/google-willow-quantum-chip/
Opening summary of the article:
At the bottom of the article Google gives a roadmap to a real, functional, QC. So far Willow satisfies step-2 of 6 with step-6 being the 1st large scale true QC that is able to be used to solve real-world problems.
FYI: again per the article, it took Google 19 years to get from step-1 to step-2 so...
Link to original Google news release https://blog.google/technology/research/google-willow-quantum-chip/
Opening summary of the article:
Quote
Our new chip demonstrates error correction and performance that paves the way to a useful, large-scale quantum computer
At the bottom of the article Google gives a roadmap to a real, functional, QC. So far Willow satisfies step-2 of 6 with step-6 being the 1st large scale true QC that is able to be used to solve real-world problems.
FYI: again per the article, it took Google 19 years to get from step-1 to step-2 so...
December 10, 2024, 12:32:18 PM
Will this chip be able to break the cryptography behind BTC addresses so quickly that it will make the entire BTC network insecure?
The news broke out yesterday and threw bitcoin noobs in panic. Here's what you need to know about quantum computing as explained by one of the experts in bitcoin, andreas antonopoulos in his YouTube Channel Bitcoin Q&A: Is Quantum Computing a Threat?
I'll stop with this insightful sentence in which he made, We will know if quantum computing like Willow, Google's new quantum computer chip is a threat to bitcoin when Satoshi coins move.
December 10, 2024, 11:46:24 AM
The two biggest risks to crypto are 1) government outlaws it, and 2) quantum computing cracks it.
Quantum computing will make all traditional encryption obsolete, all crypto currencies will crash to zero. It's not a matter of IF the powers that be want to use it to crack crypto, but the mere possibility makes crypto a poor choice as a storage of wealth and the value will plummet very quickly to zero.
It is possible a quantum layer could be added to existing blockchain tech. It's also possible the coins we own will go extinct and be replaced by quantum blockchain.
Quantum computing will make all traditional encryption obsolete, all crypto currencies will crash to zero. It's not a matter of IF the powers that be want to use it to crack crypto, but the mere possibility makes crypto a poor choice as a storage of wealth and the value will plummet very quickly to zero.
It is possible a quantum layer could be added to existing blockchain tech. It's also possible the coins we own will go extinct and be replaced by quantum blockchain.
December 10, 2024, 08:37:45 AM
This is what I expect will happen to Bitcoin in the event of a Quantum Computer powerful enough to 'kill Bitcoin'. A solution will be found and we will simply move on after a few minutes, hours or days of panic. That is it.
With the additional benefit that we 're kind of prepared for that, in a sense that we know it is possible, so we can take the proper precautionary measures (if that's a proper term).
In 2010, the bug was discovered out of nowhere.
That's not the case with quantum computing.
December 10, 2024, 08:28:54 AM
Why are we speculating whether the chip is going to destroy Bitcoin? Did anyone here check the roadmap of Willow? Did anyone read the Google blog on Willow? I do not think so with the amount of replies I just read. I do not think they created this chip to destroy Bitcoin and I think what they have achieved is for improving their infrastructure and not destroying Bitcoin. It is crucial to understand that Bitcoin has now become a global digital asset for citizens of many countries and a few governments. It is speculative to think that quantum computing will be used to destroy something that is digitally precious for everyone.
December 10, 2024, 08:20:16 AM
There has been a lot of discussion about the threat of quantum computers to Bitcoin, but from all that I see it is just an assumption and unnecessary fear. If quantum computers are a threat to Bitcoin, then it will also be a threat to other technologies that use cryptography. And also the Bitcoin core devs must have solutions to future problems, I don't think they will just sit back and watch the potential that can destroy Bitcoin, they must have thought about mitigation and solutions to big things like that.
December 10, 2024, 07:57:56 AM
Millions of qubits is needed to break the block of Bitcoins, created by using SHA-256 and ECC, and Willow has generated only 105 qubits. At least for now, even though quantum computing has a lot of potentials according to Willow nevertheless, the criticisms regarding Bitcoin are exaggerated and in fact, the real-world applications differ considerably from the theoretical aspect.
https://blockonomi.com/googles-willow-quantum-chip-a-step-forward-in-computing-but-bitcoin-remains-secure/
https://blockonomi.com/googles-willow-quantum-chip-a-step-forward-in-computing-but-bitcoin-remains-secure/
December 10, 2024, 04:23:15 AM
From what I understand, Willow's 105 qubits still aren't enough to crack bitcoin's encryption which would require millions of qubits.
The fact that the crypto community has already anticipated this and is working on quantum-reistant solutions is reassuring.Post-quantum cryptography is already being explored to ensure bitcoin and other blockchains stay secure as quantum technology advances
The fact that the crypto community has already anticipated this and is working on quantum-reistant solutions is reassuring.Post-quantum cryptography is already being explored to ensure bitcoin and other blockchains stay secure as quantum technology advances
As it was said - even if it would happen, it wouldn't target only BTC.
And BTC would be probably ready for it by that time.
If not - there will be a little breach, and then - the problem will be solved.
No in-between.
December 10, 2024, 04:17:25 AM
Google has just announced Willow, their first quantum computer chip. It's incredibly powerful, having solved in less than five minutes a computational problem that would take the fastest computer available right now more than 10 septillion years (a number that vastly exceeds the age of the Universe). Will this chip be able to break the cryptography behind BTC addresses so quickly that it will make the entire BTC network insecure?
The fear following this quantum computer chip, Willow, soon to be introduced by google, is in its potential to break the cryptographic algorithm that ensures the Blockchain network is secured.Well, am sure that quantum computer chip is not designed to function with the sole aim of attacking Bitcoin or other cryptos or the Blockchain itself but if this is the case, am sure that Bitcoin and other crypto currencies would be upgraded to the core of their systems, inorder to resist any manipulation or tampering of the blockchain system.
Also, it is important to know that the decentralized system is a collection of work from both miners and nodes alike, which of course facilitates the efficiency of its operations, thus it might just be rather difficult for any individual or even a super quantum computer chip to easily attack the decentralized system with successful result.
December 10, 2024, 02:57:49 AM
Ok so we can be 100% certain Google are NOT the only ones chasing QC. Every
other chip manufacturer including those producing chips for Bitcoin mining are
chasing that goal too.
TSMC, Samsung, Intel, Nvidia, Broadcom inc, Qualcomm, Micron Technology, AMD,
Texas Instruments and Applied Materials are a list of the top manufacturers all
competing against each other.
https://www.mrlcg.com/resources/blog/top-10-semiconductor-companies-of-2024--market-leaders---innovators/
QC is a journey, we reach it over a long period of development, not overnight and
so while one manufacturer might get there as the first to create a QC chip, lets say
TSMC you can be damned sure Samsung for example could be a very close second.
I think a lot of people have this idea that the first QC will be so powerful all existing
computers will be just like Fax machines compared to it - which of course wont be
the case
Just like the gaming sector, while NVIDIA are probably on top, its just by a very
small margin, all the manufacturers are moving and developing
together and more than likely at the same pace.
other chip manufacturer including those producing chips for Bitcoin mining are
chasing that goal too.
TSMC, Samsung, Intel, Nvidia, Broadcom inc, Qualcomm, Micron Technology, AMD,
Texas Instruments and Applied Materials are a list of the top manufacturers all
competing against each other.
https://www.mrlcg.com/resources/blog/top-10-semiconductor-companies-of-2024--market-leaders---innovators/
QC is a journey, we reach it over a long period of development, not overnight and
so while one manufacturer might get there as the first to create a QC chip, lets say
TSMC you can be damned sure Samsung for example could be a very close second.
I think a lot of people have this idea that the first QC will be so powerful all existing
computers will be just like Fax machines compared to it - which of course wont be
the case
Just like the gaming sector, while NVIDIA are probably on top, its just by a very
small margin, all the manufacturers are moving and developing
together and more than likely at the same pace.
By using the search facility the answers to this query can be found in approximately 4 seconds.
Its one of the most popular topics here on the forum, I got bored of copying links so I stopped at around 20.
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Its one of the most popular topics here on the forum, I got bored of copying links so I stopped at around 20.
Bitcoin invented by the US - SHA-256 decodable Quantum Computers (Read 113 times)
Quantum computers and cryptocurrencies (Read 273 times)
Quantum resistance (Read 293 times)
Quantum computers (Read 293 times)
Do you think that quantum computing could help or enhance blockchain technology? (Read 97 times)
What will happen if quantum computer owners start to move the early mined coins? (Read 371 times)
Bitcoin endangered b/c of quantum computers (Read 762 times)
Will Google's Quantum Computer Destroy Bitcoin? (Read 658 times)
Entanglement for Quantum Computing chips achieved, will Bitcoin keep up? (Read 137 times)
Quantum Computers Wallets, Encryption and and Bitcoin blockchain (Read 136 times)
Google Says That They Have Just Reached Quantum Supremacy - BITCOIN IN DANGER? (Read 332 times)
Quantum Computer Will Destroy Bitcoin (Read 255 times)
Do you think quantum computers would break Bitcoin's security? (Read 4143 times)
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Does Bitcoin Have A Quantum Computing Problem? (Read 191 times)
New Chinese Quantum Computer breakthrough - should we be concerned? (Read 176 times)
Quantum computers of NSA, advantageous to bitcoin or not? (Read 483 times)
Bitcoin and quantum computing dangers (Read 137 times)
quantum computing (Read 180 times)
Quantum computer could kill bitcoin (Read 286 times)
Will Quantum Computers Spell the Doom of Bitcoin? (Read 1206 times)
December 10, 2024, 02:51:49 AM
Is a new found exploit going to kill Bitcoin? Possibly.
Yet, in 2010 somebody was able to find a bug good enough to produce 184 BILLION BITCOINS for themselves. Did Bitcoin die? No, a solution was found and the problem was eventually solved.
This is what I expect will happen to Bitcoin in the event of a Quantum Computer powerful enough to 'kill Bitcoin'. A solution will be found and we will simply move on after a few minutes, hours or days of panic. That is it.
Yet, in 2010 somebody was able to find a bug good enough to produce 184 BILLION BITCOINS for themselves. Did Bitcoin die? No, a solution was found and the problem was eventually solved.
This is what I expect will happen to Bitcoin in the event of a Quantum Computer powerful enough to 'kill Bitcoin'. A solution will be found and we will simply move on after a few minutes, hours or days of panic. That is it.
Both you and outhue pointed out that the fix would be implemented right away - and I too think there should be no panic behind such developments because it's natural to think about things that - may - do something.
But in the end, BTC would endure, without a little breach or not. And that is what matters.
December 10, 2024, 02:49:46 AM
It seems that you all want Bitcoin to be the target of the first quantum computer, you people believe that breaking Bitcoin is why quantum computer will exist, you must be joking.
Any small quantum computer news you guys will run to the forum and make a topic about it targeting Bitcoin as if that's why it was built, enough with this nonsense already.
Let's say it might be possible, you think there won't be a solution? If the real reason why quantum computer will exist is because of breaking Bitcoin either one of these two will happen.
1. The quantum computer launch will never happen.
2. A fix to Bitcoin blockchain will be implemented right away.
Enough is enough with the delusions about Quantum computers and Bitcoin.
Any small quantum computer news you guys will run to the forum and make a topic about it targeting Bitcoin as if that's why it was built, enough with this nonsense already.
Let's say it might be possible, you think there won't be a solution? If the real reason why quantum computer will exist is because of breaking Bitcoin either one of these two will happen.
1. The quantum computer launch will never happen.
2. A fix to Bitcoin blockchain will be implemented right away.
Enough is enough with the delusions about Quantum computers and Bitcoin.
We hope that the BTC will be ready for such a development - and it's news and speculations, after all - we, people, are in for such things
If all the news would be constructive, there wouldn't be as much as them. And they wouldn't be discussed that much.
December 10, 2024, 02:48:03 AM
I have to agree with Fuzzy. Not sure why there is an assumption that those who, may potentially, wield said computational resources would just automatically try to "kill bitcoin"?
BTC has grown, exponentially, without a doubt. That doesn't mean that a company, to the likes of Google, would want to hinder it's evolution.
BTC has grown, exponentially, without a doubt. That doesn't mean that a company, to the likes of Google, would want to hinder it's evolution.
In the decades to come, maybe it would - become - such a target due to how big it will be and on the ear of the people all around the world too.
So it isn't without a reason to think that way - however, I think too much time is needed for that to happen, and, as it was said by Fuzzy again - other places would be targeted first and foremost.
December 10, 2024, 02:44:29 AM
It seems that you all want Bitcoin to be the target of the first quantum computer, you people believe that breaking Bitcoin is why quantum computer will exist, you must be joking.
Any small quantum computer news you guys will run to the forum and make a topic about it targeting Bitcoin as if that's why it was built, enough with this nonsense already.
It is not nonsense at all and I do not think any of us WANT Bitcoin to be the target.Any small quantum computer news you guys will run to the forum and make a topic about it targeting Bitcoin as if that's why it was built, enough with this nonsense already.
However. Algorithms and Math play a role in both Quantum Computing and Bitcoin. So there is a pretty significant chance that a scientist who is working on a Quantum Computer will also think about trying to break Bitcoin. And the reasons are very simple too. For one, they would break something that was thought to be unbreakable. And second of all. This would be a highlight of their career and would generate SIGNIFICANT numbers of articles in their name or the name of their company.
Bitcoin is not a target of Quantum Computers, but it may be broken even in a play attempt by scientists in the future. It does not have to be a vile attempt at breaking it but a quick experiment of 'What if?' ended in a huge success and break through.
Sounds more like it - and I rightfully believe that some would be having such thoughts behind it.
Maybe OP would be able to list his sources.
December 10, 2024, 02:28:30 AM
It seems that you all want Bitcoin to be the target of the first quantum computer, you people believe that breaking Bitcoin is why quantum computer will exist, you must be joking.
Any small quantum computer news you guys will run to the forum and make a topic about it targeting Bitcoin as if that's why it was built, enough with this nonsense already.
It is not nonsense at all and I do not think any of us WANT Bitcoin to be the target.Any small quantum computer news you guys will run to the forum and make a topic about it targeting Bitcoin as if that's why it was built, enough with this nonsense already.
However. Algorithms and Math play a role in both Quantum Computing and Bitcoin. So there is a pretty significant chance that a scientist who is working on a Quantum Computer will also think about trying to break Bitcoin. And the reasons are very simple too. For one, they would break something that was thought to be unbreakable. And second of all. This would be a highlight of their career and would generate SIGNIFICANT numbers of articles in their name or the name of their company.
Bitcoin is not a target of Quantum Computers, but it may be broken even in a play attempt by scientists in the future. It does not have to be a vile attempt at breaking it but a quick experiment of 'What if?' ended in a huge success and break through.
December 10, 2024, 02:16:23 AM
It seems that you all want Bitcoin to be the target of the first quantum computer, you people believe that breaking Bitcoin is why quantum computer will exist, you must be joking.
Any small quantum computer news you guys will run to the forum and make a topic about it targeting Bitcoin as if that's why it was built, enough with this nonsense already.
Let's say it might be possible, you think there won't be a solution? If the real reason why quantum computer will exist is because of breaking Bitcoin either one of these two will happen.
1. The quantum computer launch will never happen.
2. A fix to Bitcoin blockchain will be implemented right away.
Enough is enough with the delusions about Quantum computers and Bitcoin.
Any small quantum computer news you guys will run to the forum and make a topic about it targeting Bitcoin as if that's why it was built, enough with this nonsense already.
Let's say it might be possible, you think there won't be a solution? If the real reason why quantum computer will exist is because of breaking Bitcoin either one of these two will happen.
1. The quantum computer launch will never happen.
2. A fix to Bitcoin blockchain will be implemented right away.
Enough is enough with the delusions about Quantum computers and Bitcoin.
December 10, 2024, 01:38:53 AM
Is a new found exploit going to kill Bitcoin? Possibly.
Yet, in 2010 somebody was able to find a bug good enough to produce 184 BILLION BITCOINS for themselves. Did Bitcoin die? No, a solution was found and the problem was eventually solved.
This is what I expect will happen to Bitcoin in the event of a Quantum Computer powerful enough to 'kill Bitcoin'. A solution will be found and we will simply move on after a few minutes, hours or days of panic. That is it.
Yet, in 2010 somebody was able to find a bug good enough to produce 184 BILLION BITCOINS for themselves. Did Bitcoin die? No, a solution was found and the problem was eventually solved.
This is what I expect will happen to Bitcoin in the event of a Quantum Computer powerful enough to 'kill Bitcoin'. A solution will be found and we will simply move on after a few minutes, hours or days of panic. That is it.
December 10, 2024, 12:13:00 AM
Willow Can in no way affect BTC as it is in no way directly related to outshining Bitcoin.
Willow is just a quantum computer chip designed to enable time - to - market for quantum computing experts.
Googles focus with willow is on developing practical applications for quantum computers that cannot be done on classical computers .
I don't really see willow as a
Something that could affect Bitcoin in anyway.
Willow is just a quantum computer chip designed to enable time - to - market for quantum computing experts.
Googles focus with willow is on developing practical applications for quantum computers that cannot be done on classical computers .
I don't really see willow as a
Something that could affect Bitcoin in anyway.
December 09, 2024, 11:55:44 PM
I have to agree with Fuzzy. Not sure why there is an assumption that those who, may potentially, wield said computational resources would just automatically try to "kill bitcoin"?
BTC has grown, exponentially, without a doubt. That doesn't mean that a company, to the likes of Google, would want to hinder it's evolution.
BTC has grown, exponentially, without a doubt. That doesn't mean that a company, to the likes of Google, would want to hinder it's evolution.
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