Comment by r33b33
3 days ago
So when does this break crypto and Bitcoin and how to best prepare for this?
Is there any way to secure at all?
3 days ago
So when does this break crypto and Bitcoin and how to best prepare for this?
Is there any way to secure at all?
If you can break bitcoin, you can also break all the encryption we use for banking and other transactions, so might as well stock up on SPAM and ammo.
It's an on issue, since bank can always switch to face-in-face verification. This is not an argument. Crypto is the problem here.
Beating face verification is quite honestly a far easier thing to break than encryption my friend.
2 replies →
Cryptocoins like Bitcoin only need DSA. Quantum-proof DSAs have been widely known since the 1970s*. Bitcoin only needs to change its DSA - and then everything will be fine.
* see Lamport signatures
Can someone fact check this?
Great question are people predicting we will have enough computing power to "break" bitcoin? How much is needed?
Some portions of bitcoin are immune. Most cryptographic hashes are believed to be quantum resilient, for example.
You just need enough to poison the blockchain
So how to prepare, when?
They can break 1-bit-coin. How's that for ya?