Quantum Computers Won't Steal Bitcoin
that's retarded
Seeing a lot of FUD these days that OMG QUANTUM COMPUTERS ARE GOING TO STEAL BITCOIN.
This is a retarded take by people who don’t understand quantum computers and what they are for.
All countries scoop up mass surveillance data to the extent they are capable. Some more than others. The bigger (or better placed) the country, the more passive SIGINT collection they can do.
A lot of that data is encrypted. Using ciphers that are vulnerable to a quantum computer.
But it’s all encrypted so they just store it for a rainy day. We’re talking super sensitive stuff from government and industry all around the world.
The first country to build a quantum computer is going to use it to 1) crack all of their passive SIGINT for the last three decades, and 2) crack quantum-vulnerable encryption in real-time going forward.
This is the geopolitical effect of building an atom bomb.
You just got a MASSIVE huge power boost on the world stage. And this power lasts so long as no one knows you have it.
As soon as people find out you have a quantum computer, they will switch to quantum-safe ciphers at an emergency pace and now you just lost most of the power you just had.
We’re talking geopolitical power that far exceeds financial measurement. Even at a $2T market cap, this is peanuts compared to the power you get from a quantum computer.
That’s why the first rule of quantum computing is you don’t tell anyone you have a quantum computer.
So any time you hear someone say OMG THE CHINESE ARE GOING TO STEAL SATOSHI’S BITCOIN or YO MURKKA WE SHOULD STEAL SATOSHI’S BITCOIN, you should roll your eyes.
This is retarded. Literally no one in their right mind in possession of a quantum computer would use it to steal Bitcoin. No matter what the price.
Quantum computers create all sorts of risks we should absolutely be freaking out about, but stealing Bitcoin ain’t one of them, folks.
Peace out.