Quantum Won't Replace Your Computer
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Quantum Won't Replace Your Computer
1–10 of 19 posts
Re: Quantum Won't Replace Your Computer
#2Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography.
But there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets. The higher the bounty grows, the more urgent it is to break Bitcoin to claim Satoshi's wallet.
(Unless Bitcoin forks into a quantum-resistant hashing method).
Re: Quantum Won't Replace Your Computer
#3Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography. But there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets. The higher the bounty grows, the more urgent it is to break Bitcoin to claim Satoshi's wallet. (Unless Bitcoin forks into a quantum-resistant hashing method).
won't Bitcoin become worthless the millisecond any wallet gets cracked?
Re: Quantum Won't Replace Your Computer
#4Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography. But there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets. The higher the bounty grows, the more urgent it is to break Bitcoin to claim Satoshi's wallet. (Unless Bitcoin forks into a quantum-resistant hashing method).
> (Unless Bitcoin forks into a quantum-resistant hashing method).
Aren't the hash functions bitcoin uses already quantum resitant?
> Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography.
The exciting use case is simulating quantum systems for physics & chemistry research. Cracking RSA is mostly a meme use case since the moment it looks like someone is about to get one everyone immediately switches algorithms.
Re: Quantum Won't Replace Your Computer
#5Sometimes i feel like there are more people debunking the "quantum revolution" than people who actually believe it.
Yes there are some charlatans trying to sell quantum bullshit, but for the most part this is debunking a myth that doesn't exist.
Re: Quantum Won't Replace Your Computer
#6Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography. But there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets. The higher the bounty grows, the more urgent it is to break Bitcoin to claim Satoshi's wallet. (Unless Bitcoin forks into a quantum-resistant hashing method).
> there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets
That's like saying there's a $100T+ bounty on robbing the IMF. Bitcoin is backed by nothing, if you pull out a Jenga block that big then the whole thing is tits up worthless.
It will also (incidentally) make you the enemy of some particularly powerful people with connections to criminal networks.
Re: Quantum Won't Replace Your Computer
#7Sometimes i feel like there are more people debunking the "quantum revolution" than people who actually believe it. Yes there are some charlatans trying to sell quantum bullshit, but for the most part this is debunking a myth that doesn't exist.
Sometimes I feel that I should think of 98% of funded research as slop, and get on with life.
But (boring) engineering research, most of math, and (some academic) CS publications seem much less sloppy, I'll give you that
Re: Quantum Won't Replace Your Computer
#8good points, but partly ai generated?
Re: Quantum Won't Replace Your Computer
#9Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography. But there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets. The higher the bounty grows, the more urgent it is to break Bitcoin to claim Satoshi's wallet. (Unless Bitcoin forks into a quantum-resistant hashing method).
won't Bitcoin become worthless the millisecond any wallet gets cracked?
Not necessarily, the majority of Bitcoin trades, which are it's entire source of value, are never even executed in the block chain at all. Neither the block chain nor the exchanges could actually handle the volume of a significant percent of holders withdrawing in a short duration. Now I don't know what that percent is but it's likely significantly less than 20%.
As long as there's unaudited exchanges minting so called stable coins at will. The entire crypto sphere is valuated fully devoid from any actual underlying fundamental. Cracking a wallet could be the catalyst for its undoing but it could also be something else or nothing at all.
Re: Quantum Won't Replace Your Computer
#10Sometimes i feel like there are more people debunking the "quantum revolution" than people who actually believe it. Yes there are some charlatans trying to sell quantum bullshit, but for the most part this is debunking a myth that doesn't exist.
Sometimes I feel that I should think of 98% of funded research as slop, and get on with life. But (boring) engineering research, most of math, and (some academic) CS publications seem much less sloppy, I'll give you that
https://www.researchgate.net/publication/2843975_A_Partial_O... is v interesting, but only goes to 7, so it lacks a 10.5.1?