Every time we keep hearing about quantum computers being a threat to bitcoin network, there have been lot of discussions that have been causing fear of missing out all because they don't want anything that could render their investment in Bitcoin to be taken away by a near threat or attack from the quantum system, maybe it is high time that we shift our concentration from some of these outlet that features with unnecessary information that could discourage us about our adoption with Bitcoin.

The threat is real, I am not going to pretend as if it's nothing, it's really something to look out for and if every Devs are going to pretend as if the threat isn't real there will surely be some damages.

But they are aware and preparing already, why should we now focus on such fear? People are investing in Bitcoin, including big people around the world, those who can find or sniff threat from afar if truly the QC threat is going to affect Bitcoin, yet they are buying.

What is that telling you? It's stupid to react to such things when the whole world is fully aware and preparing.

Quantum FUD? It is funny how we have gotten to the stage where even Bitcoin enthusiasts are now predicting the downfall of Bitcoin. I am not saying that the quantum threat is not real; I know that it is a threat we should all acknowledge, but definitely not to the point where we should consider dumping Bitcoin.

I am convinced that when we get to that bridge, we will cross it. Bitcoin has survived lots of challenges and threats in the past; the quantum threat would be just one of them.

The quantum threat doesn't only affect Bitcoin; other blockchains will also be affected. Developers won't just sit idle; they will work on stronger cryptography that can withstand the threat. Bitcoin will adapt.

Lol I would say they have balls
I doubt I can say all these with a straight face
They took a sad gamble and chose ethereum now they drowning
And trying to use the FUD if it can give them an edge.
Etheruem face as much risk if not worse than Bitcoin.

Next time you quote me, write in English!
Or, better yet, if you only want to shitpost your quota, don't quote me again!

FUD is the trend in crypto, just like influencer disputes are in X; everything is sensationalism these days. To break crypto, you wouldn't just need a quantum computer, but algorithms that know how to leverage it, since brute force, even with quantum computing or current algorithms, falls short. So, that's just because of sensationalism. I'm starting to think that not even the author of that news story believes what he wrote.

I seriously believe that the world of crypto currency is seriously gearing up for the so called doom day that has been prophesied by so called quantum experts. Which are said to be developing computers that will be able to breakdown the cryptography that is behind Bitcoin. In thesame way we are aware of quantum resistant computers, there is hope this issue of quantum threat is been over hyped if you ask.

I agree with you on the confusion of the author of the news story too because Bitcoin developers and hardcore believers understand the math better and that means it's ability to overcome whatever threat the introduction of quantum computers would cause. There would of course be anti quantum programming to combat the brute force quantum computers pose and that's just because the early and current Bitcoin developers are thinking way ahead before the arrival of quantum computers.

 

I don't think the "quantum risk" is FUD. It's a real threat to take into account. But this article is FUD. It omits deliberately all the effort Bitcoin developers (including Blockstream) have already dedicated to find a reasonable path to quantum resistance (SHRINCS, SHRIMPS, Tadge Dryja's recovery mechanism ...).

The nice thing is: Everybody can be reasonably safe for years if he simply stops to re-use addresses.

And then there is this sentence which is almost a caricature:

First, the "2028" date the article cites is NOT for a quantum computer that can break Bitcoin's ECC in 10 minutes. It's for a quantum computer which would be able to break a elliptic cryptography key, but probably would take years, or only be able to break small keys like the cryptographic puzzles. I have read no sources for such an early date for a full Bitcoin key. These QCs still need thousands of logical qubits and that's still quite far away.

Second, the Taproot outputs are almost all "d*ckb*tt" transactions (as PepeLapiu likes to call them, i.e. memecoins and NFTs based on Ordinals) and the resulting outputs are too small to be a real incentive for a quantum hacker.

P2PK and above all re-used addresses are the biggest targets. Both can be migrated now to a safe address.

Now the horror scenario the author paints is that in a few years quantum computers could exist that crack a key in 10 minutes. You would be trapped, right? Would never be able to move your precious coins, because they are on that olde ECDSA address!

Incorrect ... a simple softfork could provide a recovery mechanism for all coins on addresses where never a public key has been exposed. It's still better if people are able to migrate earlier to post-quantum cryptography. But even if Shor-capable QCs arrive before Bitcoin has post-quantum cryptography: between "a QC that cracked an old key in a year" and "a QC that cracked a key on the fly while transacting" there will be probably years of time to do that.