Dr. Q. Bits (PhD) @drQbits
I separate quantum fact from crypto fiction. Joined August 2021-
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@EmersonDickie Agreed. This project is much more interesting to me: x.com/QbitDotOrg 0% pre-mined (actually set difficulty = 100M implied FDV to avoid anyone getting cheap coins/instamine) 100% distribution through mining
@tulipking Much more interesting quantum project IMO: x.com/QbitDotOrg
@punk9059 Counterpoint: no real store of value can have a real existential threat
What do you think about the inactive coin problem? Even if the Bitcoin community creates a viable plan before we overlap with the possibility of a CRQC, there will still be hundreds of billions (10%+) of Bitcoin supply that will not upgrade. Likely leads to a debate/fork more controversial than the block size wars. I think the drag on price is going to be much worse than most realize.
No amount of quantum upgrades to signatures can fix the inactive quantum vulnerable coins which represent up to 25% of supply on major coins, including ZEC. The philosophical question of to do with these coins breaks the neutrality of the chains.
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
@sashahodler x.com/drQbits/status…
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
We haven’t even started talking about the non-technical problems caused by quantum computing. The philosophical problem is the most controversial, as there is no true solution.
@intangiblecoins While I tend to agree, quantum is the first and only existential threat to Bitcoin. Difficult reality for a SOV. While most UTXO's will be in PQ infrastructure by the time it happens, there is also a large non-technical problem. The key philosophical challenge of whether
@crypto_iso x.com/drQbits/status…
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
@prottlegang8 x.com/drQbits/status…
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
@_jonasschnelli_ x.com/drQbits/status…
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
@notthreadguy x.com/drQbits/status…
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
@stephanlivera x.com/drQbits/status…
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
@QuintenFrancois x.com/drQbits/status…
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
@KookCapitalLLC x.com/drQbits/status…
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead
Arguably more concerning than Google reducing the number of qbits required to break ECC is the response from Bitcoin core devs. Google's findings materially advance the Quantum timeline and narrow the window for Bitcoin to upgrade it's infrastructure/create a plan for dead coins. It's more concerning the entire paper is focused on crypto. How do we know Google hasn't already broken ECC or that a Chinese competitor (who are often much more secretive) hasn't? No SOV can have an existential threat, let alone one that could be real in 2-3 years.
What decision do you think the Bitcoin core devs come to regarding whether vulnerable coins should be rendered unspendable or allowed to remain retrievable by quantum attackers? What is the game theory once a CRQC has cracked one of Satoshi's wallets? Will they wait until they've cracked multiple/all wallets before moving anything? Assuming multiple entities are doing this would the tx be RBF'd until the prize is near zero? How would the attacker(s) also calculate these decisions against the probability of Bitcoin significantly declining in value the second a UTXO from a Satoshi wallet is moved? Is a quantum computer taking vulnerable coins a crime?
While I tend to agree, quantum is the first and only existential threat to Bitcoin. Difficult reality for a SOV. While most UTXO's will be in PQ infrastructure by the time it happens, there is also a large non-technical problem. The key philosophical challenge of whether vulnerable coins should be rendered unspendable or allowed to remain retrievable by quantum attackers is likely to cause a debate bigger than the block size wars. Ultimately there is no perfect solution for these coins.
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