In r/CryptoMarkets, the quantum cracking discussion centers on how public key cryptography could be impacted and why the practical risk depends on upgrade paths and which coins are exposed.
Google says quantum computers could crack Bitcoin in 9 minutes. Here's what actually matters.
Google estimates fewer than 500,000 qubits in about 9 minutes, Caltech says maybe 10,000 qubits in 10 days.
Because Public-Key-Cryptography is what it is, and it is what sits at the lowest level, there is hardly any way around it.
So basically instead of needing burner phones, we’d need burner public keys.
This isn’t a bitcoin specific issue Its a whole of IT and internet infrastructure issue
Sounds terrifying until you remember today's quantum computers have maybe thousands of qubits, not hundreds of thousands.
Google says quantum computers could crack Bitcoin in 9 minutes.
But wouldn't this also crack every encryption out there and make nothing on the Internet secure anymore if they didn't adopt new encryption before then?
Why do people single out Crypto when talking about quantum?
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