https://www.reddit.com/gallery/1casndt
Monday, April 22, 2024
Can someone explain why quantum computing is not a threat?
For the record, I’m a big believer in bitcoin and plan to hold for the long term. However, I do think quantum computing poses a significant risk. I hear people discuss that we will simply switch to a quantum proof hashing algorithm when the time comes which is fine.
However, everyone seems to gloss over the dead coins that will not be updated to these algorithms making them vulnerable. These coins (including satoshis) will most likely be stolen and dumped on the market crashing the price. (Governments will likely have incentive to do this as well.) I understand banks and every other software would be compromised, however, all other centralized softwares can upgrade once this vulnerability is discovered/exploited. My question primarily is focused on what happens with the dead addresses that we can’t upgrade.
I understand this won’t happen until at least 5-10 years from now, but knowing that the event WILL occur at some point does seem to be concerning. Can someone please explain why this is not a threat for a long term investor (my plan is to never stop DCAing).
New names for wall of shame
Important to keep a mental note of journalists that have a grudge against BTC. Latest addition to the wall of shame is one Mr. Patrick McGimpsey scribbling in the establishment rag Forbes Advisor. He entitles his piece: Bitcoin Halving Event 2024: Not With A Bang, But A Whimper. We’re watching you Patrick McGimpsey.
Host Your Next Tokenized Event In Web5, Pay Attendees in Bitcoin For Their Time
https://www.linkedin.com/pulse/host-your-next-tokenized-event-web5-pay-attendees-bitcoin-terry-w4hre?utm_source=share&utm_medium=member_ios&utm_campaign=share_via
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