Topic: the quantum computer will crack the btc private key and destroy Blockchain ? (Read 240 times)

Developers should take precautions . bitcoin has a market value of more than 1000 billion dollars . this computer is expensive also so it is not for general people who will use this computer is very low amount also it will not available for everyone in society.

yepp, this is entirely possible, the quantum computer can unlock the BTC quickly.

Hi, can and can not. Quantum computer still in the future, although the forecasts are positive, but it should also be developed and launched into work. I think that by this time the nag of the bitcoin wallets will change.

hands crossed . this is an important issue . this post reminded us . developers should take precautions . bitcoin has a market value of more than 1000 billion dollars . so much money is enough to buy a lot of quantum computers .

No I don't think so that the quantum computer crack the BTC private key and destroy blockchain. But it hampers blockchain but not bitcoin private key.

quantum computer is not child's play mate. getting freaky with quantum computer then, calculate the private key of all bitcoin wallets is not easy. it won't happened. and if happens there will new deference system also. 

Yes I do realize that, and I actually keep saying that myself. For me, one of the greatest advantages over any other crypto out there, besides the obvious in terms of technical aspects, is that for me, they have the best team working on it.

As for my comment, I would like to start by saying that quoting someone and ending his sentence on a comma (without even displaying it) is really not a very good practice as it might induce anyone that reads it in error.

Bitcoin is not quantum attack safe as far as I know, and I will continue saying that I think that is not a problem, because I'm sure that if devs consider that will be an imminent problem for BTC they will focus on that and solve the problem.

There are other coins that are already quantum attack safe. Not an expert here, so I'm just believing in what their devs say. Of course they were not put to the test, so who know if they are safe or not. In theory, these should be some of the safe coins:
QRL – The Quantum Resistant Ledger; NEO; IOTA; and even Cardano is close to that as far as I know.

Are these coins better than BTC? Of course not, and I've never said that. Am I worried that BTC is not quatum safe? Of course not, because like I've said before I believe in bitcoin devs. So if they did not address this yet, it's because they are probably no worried about it right now.

Yes its said that quantum computers would be able to read the private key of a bitcoin wallet from its public key itself.But its also said that it would take almost twenty more years to come in to existence.

The main thing is quantum computer is not for everyone also it will be released after few years later. Based on this, this computer is expensive also so it is not for general people who will use this computer is very low amount also it will not available for everyone in society. So it is not important or it’s not a matter of headache that it will crack and stole bitcoin because the bitcoin team are very much concern about it and they will find solution very soon also.

This could happen. That's an issue to think about as Bitcoin is getting popular more and more this days. It will not be that easy to crack the bitcoin algorithms and scripts. But still, we must be cautious.

So, you think that something that can't happen will break Bitcoin? Your words and not mine. Anyone who doesn't understand quantum computers and how Bitcoin works will likely be a little concerned, but honestly the developers will be ready for when this becomes a issue, and encryption will get better due to it anyway. This isn't a realistic concern.

And when that happens I think it will break the bitcoin, but it will not happen, and I think it's not as easy as we think.

There's a simple answer to this. Before quantum computers are a thing Bitcoin will of undergone a hard fork which would change the current algorithm to a more suitable one. Consensus will be reached due to everyone involved in Bitcoin will want to secure their Bitcoin.

I'm almost certain that this will never really be a problem, and if it did become a issue then Bitcoin wouldn't be the only thing susceptible to abuse. Remember, that quantum computers only out perform most modern day computers slightly, although they would be exceptionally fast at certain tasks.


Right, and how did you come to this conclusion? You do realize that Bitcoin has some of the leading minds behind it, and if quantum computers were to become an issue to the current algorithm then they would likely be the first ones to know, and prevent any issues. Most alternative coins these days are just copy and pasted versions of one another changing certain variables, and I for one question the technical knowledge of those behind the projects.

I hear a lot of people talking about this, but the truth is that this is not really a problem. There are several coins out there that should be safe against quantum computers. I know bitcoin is not one of them, but if the solution is already known, then developers will make the necessary improvements to the network if necessary. I think this is not an issue, and that is the only reason why an update wasn't released yet. If it ever becomes a problem, maybe in three years from now like you mentioned, then developers will address it before it causes any harm.

Well we can never tell. The developers should take this into consideration. But i don't think that will be easy. Also, it will be very expensive. No ordinary people can afford it. And since technology is evolving, im pretty sure the developers would work their way out to protect our wallets from such an invasion.

It will never happen... Surely it possible to hack the private but it is not possible to destroy blockchain people designing the quantum computer will design it in a way that it will be use in a legal way or what do you think?

Who says we are going to stay with the same encryption for years? If any system reaches the point where it's able to solve it within a couple hours (which still wouldn't compromise the network because people would be able to move coins around and change addresses frequently without the computer being able to interfere) we are going to improve the security. Also, nice explanation by franky1.

the difference between binary vs quantum. is not about folding space or entring extra multiverses.. its simply to go from 2dimenion(options) to 4dimension(options)

so when you heard them talking about extra dimensions. they were not talking about a multi verse. they were talking about
binary 0 . 1
quandum 0 . 1. 2, 3

imagine it this way
before 0 meant 0volts and 1 meant 1 volt. and by using the patern of voltage /lack of voltage peopl could create messages.. (like morse code) which is where binary first developed from.

with quantum its
0 volts, 0.33volts  0.66volts 1 volt which is is less like pulses of electric/noise/data.. but more like waves/sound pitches/data

so instead of just having 0 meaning stand still and 1 being move forward. now using quantum you can have 0.33 as left and 0.66 as right.. or even 0.33 move back and 0.66 as move forward and stand still.

it opens up new possibilities of options within a same transister holding the same maximum voltage as before. but now with a 'dimmer' switch to have different levels that can mean different things.

...
with that said . when trying to solve a binary problem you cannot just use a quantum qbyte to give out a qbyte solution.. because a binary system would not understand that.
and as such a quantum system is limited to its multi option approach to brute forcing because the end goal has to be binary acceptable

so for a binary logic problem it works out that quantum is only 2x faster at solving (sha256 hash)
as for vector problems(ecdsa), well they can be solved faster.
but knowing the maths of how many possible combinations there are. and how many millenia it would take.. even with a quantum computer, its still going to be beyond your great great great grand childs life before an address is bruteforced.

I do not think that will happen. Including because this ability of quantum computers is still in theory, but in practice, while their creation is in question. However, if such computers are invented, they will not be immediately in mass production. At this stage it will be very good, for example, under the control of the society to decipher the bitcoins, to which access is lost for various reasons. And there are more than six million such beatcoins.

Nothing gona happen like this because it is not easy as you are thinking. Those quantam computers won't be available for common people as its price will be out of reach for the common people. Without this signing schemes and cryptography will be more secured when this computer will be adopted.