Quantum Computing and bitcoin - page 2.

vpitcher07

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Quote from: AzureEngineer on May 18, 2013, 06:18:16 PM

Quantum computing could destroy the security of the military, the internet, and the government. If quantum computing becomes available, Bitcoin will be the least of my worries.

While that's true, if quantum computers become available i would assume all of these things would get them first before they are made available to the public. It would also destroy public key encryption. I guess my question is, if this does happen, bitcoin is screwed Right?

AzureEngineer

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Quantum computing could destroy the security of the military, the internet, and the government. If quantum computing becomes available, Bitcoin will be the least of my worries.

vpitcher07

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Merit: 250

I don't know much about quantum computing and I'm still learning the little bits and pieces to bitcoin but understand the general idea. That being said, couldn't quantum computing essential destroy the bitcoin network and the entire idea of bitcoins? From what I understand, quantum computers will be able to crack encryption protocols extremely fast effectively making bitcoins useless. I also wouldn't doubt the US gov. having some type of top secret quantum computer that is functioning. Do you think they could destroy bitcoin if progress is made?

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