Will Quantum Computing KILL Bitcoin??
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- Опубликовано: 2 июн 2024
- The threat of quantum computing is one of the most common concerns raised regarding the security and longevity of the Bitcoin network. Find out if Bitcoin is at risk and what can be done to prevent it.
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Timestamps:
00:00 Intro
00:09 What is Quantum Computer?
00:56 Quantum Computing vs Blockchain Technology
01:39 Types of Qbits
02:15 Protection against Quantum Computer
03:57 Outro
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#quantum #quantumcomputer #quantumcomputing #quantumtechnology #bitcoincryptocurrency #bitcoin #cryptocurrency #animation #crypto #blockchain #coingecko
Do you think Bitcoins are safe around Quantum Computing?
Yes I do and the devs will make upgrades to safeguard bitcoin for sure
I'm not sure about that. And thats enough for me to accumulate QANplatform's QANX instead of Bitcoin. DYOR!
there's already quantum resilient algorithms for blockchains to use and it is just a matter of update. And no, bitcoin is not the best (yet it is most valued), it is not cutting edge, it is already obsolete.
Just search via Pieter Wuille's talking about "All PQC Schemes have larger keys &/or signature compared with ECC", and think it over why Pierter, as one of the most famous bitcoin developers, have said so!
Is that a first barrier for bitcoin to upgrade to quantum resistant? or how hard for these "larger" to be implemented on bitcoin?
Then you can figure out a little bit how hard it'll be bitcoin to be quantum-proof!
Actually, bitcoin is the hardest staff to migrate to quantum resistant, not only including that "algorithms have larger" tech side, but also including consensus! @@nitemare1525
No
There is a saying amongst Bitcoiners.
If quantum computing can break bitcoin blockchain, it probably can break banking systems too. To which, we have bigger problems to worry about.
It can’t. An attacker could never control the majority of the network. We are so passed that threat in my opinion
Why is that?
@@thebiglebowski6965 because the attacker would have to outpower the majority of the network to have power over it. The miners and those who run a node are far too fast of a network to be outdown by an outsider at this stage. You couldn’t change the proof of work unless you could go back and re-mine all the other blocks ever mined. The blockchain is an immutable trust network at this point it won’t be unwoven it could only at best be slowed down temporarily by the largest of threats. Even if the internet went offline the blockchain could be rebooted and all the proof of work would be there where they last left off.
Industry already has those figured out. All it takes for systems to stay ahead of quantum computers is to rotate encryption keys faster than the quantum attackers can factor and break them. Tech is already here.
This is so wrong. A bank can migrate easily to post quantum cryptography. BTC is hard to fork and there's no way to migrate all the coins in dead or sleeping wallets (millions!) to wallets encrypted with pqc private keys.
Check out QANplatform for answers.
If they can atack BTC ... your bank, computer, email is also not safe ... why people speak only about BTC
Btc can be mined, not your bank 💀
@@JustRallax THey talk about your Private keys, to steal satoshis 1 million coins.
There are already quantum resistant algorithms in the wild. Any system that can be updated can implement them now.
@@JustRallax true banks print at will (central ones) 😂😂😂
All or most banks and email providers will probably update their encryption to be quantum proof before they get exploited. Can the same happen for BTC?
if quantum computing will be used to disrupt Bitcoin. it can be used to protect Bitcoin as well.
Please explain how. There is no way to stop someone cracking your key and it happens even these days, see the bitcoin puzzles where people crack keys to obtain btc. As soon as the Computing power and electricity cost benefit is there, it's over for bitcoin.
@@ChineseRatfaceCHANG If quantum computers are powerful enough to crack Bitcoin hash, then we can use it to secure the blockchain as well. grade school explanation. no need for complex examples.
@@ChineseRatfaceCHANG you're referring to hardware wallets, aren't you? that's a different story. I'm referring to Bitcoin's blockchain. you can control it if you can have the 51% of the hash rate. controlling this needs high computing power or a huge amount of money.
@@ddddaaddaaaaso basically you mean the network of bitcoin can be hacked if "someone" Controlling the 51% hash rate?
To protect the network or the btc wallet?
I think if we were not alive, nobody could believe the evolution's speed of tech at these times...
If u were noy alive u would.give absolutely zero f*cks about anything at all.
3:18 making nodes to support a fork is easy task when there's a valid reason. in this case quantum resistant algo is supported in a heartbeat in the main chain.
I enjoyed the video! It uses some of the results from my paper without reference - on the qubit requirements to break bitcoin. The paper is very technical but figured I would share it here anyway. I commented earlier but I think it was flagged or removed, not sure. Cheers! You can find the paper by searching its title - "The impact of hardware specifications on reaching quantum advantage in the fault tolerant regime"
Well made video nenn!!! 4:17
Nice video!
good explanation!
QANplatform is the real solution to quantum threat. BTC isn't really working on any solution and the threat is getting closer every day.
Bitcoin is an open source project, there are cryptographic algorithms resistant to quantum computers. They will probably fork to a Bitcoin version that incorporates this cryptographic algorithm
Yea but the problem is that all previous transactions will have been hashed with breakable encryption, therefore they can be altered.
Also its not just encryption Grovers algorithm can be used as a way to dominate all mining on the block chain with a sufficient size qpu
@@goodguy9787 So what?
@@goodguy9787 Why does this matter also? As long as the hash rate among miners is distributed and decentralised it doesn’t matter. E.g Everyone will just use Grover’s algorithm to mine Bitcoin.
@@goodguy9787As long as the hash rate is distributed…. It doesn’t matter
Cellframe coin working on quantum computing to help Bitcoin from this problem
Andreas Antonopolus..not Antony
awesome
is it iso 20020?
Why not use the quantum computers for blockchain? After the error issue is resolved it seems like going to the qubit is only an evolutionary step for cryptocurrencies.
Quantum computing is still very young, it currently consumes too much energy and too many resources to build one, and at this lvl there are too many errors to correct in the programming that you can't do like a traditional computer, takes a long time
That's the thing though. If you read any papers on the legitimacy of the industry of quantum computing itself. It's dubious at best. Cos everyone's is being all secrecy with each other. Everything is proprietary. Everyone is accusing each other of fraud. Companies are investing tons of money into it cos they don't have a choice. A couple of them could very well be pouring money into duds or the next Theranos. The middle ground could be neuromorphic computing which would be more powerful than traditional computing, but less powerful than qubit techs. Quantum + neuromorphic = we probably created an intelligent life.
Quantum computing is not in everything more efficent than actual computers. For example mining with quantum computer is not more efficient than mining with AISICS
Meanwhile my banks atm still using windows xp.
Yeah one of the scarier things 😢
Which are the quantum computing based cryptos?
loop network
the era of qbitcoin is coming
Yes
Hardfork will be needed
There will always be a learning curve with any new tech, so also newER tech will take it's place.
Yes it will
etuktuk is making waves in 2024! 🚗💵
The moment we have quantum computers that are commercially viable, there'll be no need for money.
🔥cellframe🔥
Qanx is the crypto tackling that issue 🎉
Hiw to program or how to make quantum computing
Oh you little bad boy :)) you want to break the btc?
You can build your own quantum computer by yourself, but I will keep my secret)
@ 😞
No need to crack the private keys. From the sratch, it could generate all the private keys in sequence, massive random private keys (hash) generation will keep connecting to some random bitcoin wallets. And they will only move the coin when the attacks will begin
Quantum computing will help to make thing faster, but btc will remain forever.
I dig the animation.
It's shit
Did I just see schrodingers cat?!😂
It will make faster transactiina
1) Сеть Bitcoin не взломать таким способом, потому в алгоритме заложен потолок на выпуск, периодичность и регулирование сложности,
а прощая комиссия добытчикам идёт от транзакций в сети (возможно это основной доход, потому что bitcoin почти весь выпущен и уже в дефиците, но он делится на части).
2) Через некоторое время QPU (квантовые вычислительные блоки) будут в составе обычных CPU, по аналоги с NPU, VPU и FPU.
QPU будет использоваться в традиционных ЦП как ASIC для ускорения специфических задач.
Например GPU работает с полигонами, но это не мешает её вычисления адаптировать для кодирования (сжатия) звука и прочего, для ускорения при меньшем потреблении энергии.
Wrong
@@CitsVariants prove :)
They simply upgrade the wallet to 200 phrase instead of 12 whatever that is
Bro What if quantum computer do mining btc?
The last Bitcoin, the 21st million, will be mined before those computers become that powerful.
@@rufuspipemos they already are that powerful!!
Maby Qanx can help cryptos to be safe.
The banking system would be way more vulnerable than blockchain. So it would still be safer to have crypto
$Qubic 🚀
If you don't reuse your addresses (which you shouldn't), your coins are safe from any quantum computer
By that time, crypto engineers will have solved the issues posed by quantum computing.
i hope🙏🙏🙏🙏🙏
What happens when theres no more bitcoin to mine and miners have no incentive to carry on mining blocks? If there are no miners then there are no miners to validate transactions?
They also get paid to validate transactions.
In fact, there has been many times where the transaction pay out were greater then the reward for finding the next block.
the last block will be mined around 2140 so... we dont no
@@pedropimentel5486the last Bsatoshi is mined in 2140, but defenitly not the last block.
They will still get the transaction fees
His name is Andreas Antonopoulos.Not Anthony.
MCM will see its day 😊
Destroy the very thing that can monetise quantum computing?
That would be very dumb.
Mining btc with a quantum computer would be very bullish for the price and security of the network.
If someone was clever enough to build a quantum computer they would also understand that mining bitcoin with such a computer would make them one of the richest people on earth. Quantum computing as a threat to bitcoin is a very short sighted argument.
U dont know what ur saying
Nope…for mining you need shaders…
🎉🎉
Bitcoin dev will be amongst first users of quantum computers, and when they do we will have a wallet address that is quantum computer efficient.
don't worry by that time I'll make a quantum block chain!
XX Network is the solution, from David Chaum with love :)
Governments and banks are already doing a pretty good job of suppressing Bitcoin.
Yeah but game theory tho. Why attack a blockchain rather than mine on it?
Think North Korea. Bad actors have no intention of participating just stealing.
governments would make the impossible to use it to eliminate the blockchain world.
Mining it would be the whole reason it would be destroyed
Wow Bitcoin double since this video was posted
No need to worry because gaming theory came into play, there’s non advantage to hack btc network so even if one could there’ll be 0 reward in doing that.
Btc was safe even before quantum computing was invented.
Can Quantum computers run Minecraft Shaders?
LOL, only if you , like Intel, use Numberology !
1 volt bit minus 0 volt is 1 volt.
Highly unlikely 😊
Buy Quantum Résistant Legder coin ! 😉
Suggest me anyone of them
I don‘t make sense to do that
It’s impossible for a coin to be resistant to quantum computers, they can split their resources and make it seem like a bunch of smaller computers
the. Lament Satoshi’s wallet is cracked, I think people will be more afraid of the nuclear codes being hacked. There are tons of things more important than BTC at stake with quantum computers.
if they can break bitcoin, then banks are a piece of cake for them. Thats the bigger concern
Probably not. Quantum computing could be benefical for crypto world, like faster transactions
Imagine mining bitcoin with that thing.
This stuff getting too deep .Just let me know when to sell
Hahahahahaha
Why would you sell, lol...
You don‘t have to sell. When we see that quantum computing is near to break the algorithmus you safe have another 10 years to update Bitcoin. You need only a softfork. Than you send your Bitcoin to a new Adress and everything is safe again
just don't commercialize quantum computers...
Qanplatform will offer security against this problem as soon as mainnet is out.
How lol
Lol they get hacked by dusting in 2021
Wow😅
By the time we have quantum computers you will not be able to mine bitcoins anymore other crypto yes
Bitcoin: crypto impossible to crack
Quantum computing: crack every possible code
Be part of the space
Ethernity cloud,a crypto with great potential
#ECLD
What about mining bitcoin with quantum computers? Yeah boy!
That’s the whole point to why crypto is going to die
That means with 1000 qbits one private key can be cracked in 40 years
Yes, one random one
Ecaxtly, so you probanly will never f
f? @@wswilsch
@@wswilsch It will take only 1-3 years to crack it with 10,000 qbits. So I'm considering it as feasable. Or instead of cracking keys it can generate random private keys massively, it will connect to many important and non important wallets.
Don’t worry there’s already and very likely a backdoor. Like any other piece of software ever made😂
Just act like the code is not open source... find the backdoor yourself and use it, and you are a billionaire by tomorrow.
@@floriangoldschmied9231 imagine thinking you just read a code and find a backdoor (few individuals could do that because you need to be an expert) and also imagine believing once you found a backdoor you can access it freely…the possibilities are endless. And i have no doubt very smart individuals spent time searching for vulnerabilities in the code. But we can’t know for sure and recent history has shown the existence of backdoors where nobody could ever have imagined.
@@floriangoldschmied9231 imagine believing a not expert just look at btc code and discovers a backdoor 🤣 also I suppose you think the once you find a backdoor you just “enter” right?
Imagine RUclips not allowing me to answer to Florian because I touched a soft spot for bitcoiners🤣
so basically crypto aint for the longterm which is the only reason crypto is raising. so basically there is no reason for the crypto raise
Thats quite a big cashprize for whoever will invent quantum computing.
1 million bitcoin is...
At 70k and probably be way more then,
70 billion dollars
Bruh thats less than expected finally.
But probably will be way more when it will be digital gold.
If quantum computers can hack blockchain's then blockchain dev's upgrades their chains on Quantum Level
What nobody is telling that same way Bitcoin shall also be updated to make the system more cumbesome via 50%miners.Also who shall spend so much do disrupt Blockchain??Chyna tried once but honest nodes always beats dishonest nodes.
So the short answer would be...maybe? 😂
Imagine Quantum Bitcoin Mining...😂🤑😎
much magic is bitcoin to moon then to buy lambo
btc is unique
Luckily there’s Qanx
No problem. Gold is gold and will remain after BTC will go zero. There is no need of quantum nothing. It s enough to end up with Internet.
IF THEY BREAK BTC , ALL CRYPTO SPCE WILL BE END
Bye bye bitcoin let’s see who would try and attempt to stop ai right ? What a great way to find all of them 👁️💀👁️⚔️👁
If they can attack Bitcoin, the entire financial system is blowing up.
If you ever thought any form of digital currency is a path to freedom, you were deluded. Make some money off crypto while you can brother, but dont lie to yourself. Non-physical form money only serves as a means to control.
@@magicmike97mare you saying the dollar is the solution? When all the fed does is print more?
This next era will be cool because Ai with quatum computers and advanced cryptography will change everything we know about internet lol poor humans cant hide your passwords anymore 😂
I am 99% sure you stole the assets to make that thumbnail from Kurzgesagt.
🔥QANX🔥
yes, but we need a quantum computer with a millions of qubits to kill bitcoin
So many comments that have no clou what they are talking about^^
You failed to mention AI. At the speed of AI, we are on the precipice, the event horizon of the singularity. AI isn't one guy or a few guys using a qbit-run computer to hack but a powerful network-reaching AI equivalent to millions of hackers just casually focused on hacking the blockchain while computing other AI tasks. It'll be easy in about 5 years or less. You heard it here first, folks, but don't live in fear, it's just a control mechanism that's been the tool of the powerful since our Australopithecine ancestors. Quantum, AI, and Blockchain are only hammers. They can be used to build a kanawatsugi structure or used to bash someone's head in. We have the power. Get involved.
Yes, it's parasite.
not possible, it will only reduce by 1,000 years to bruteforce a wallet lmaoo
I dont Trust Digital Money
QANX
Lol 1b qbits lol yea we have time
yeah lol 1.9b qbits sure that will happen in the very near future
hhaaa