npub1l7…epah7 on Nostr: I was briefly super worried about future quantum computing advancements allowing ...
I was briefly super worried about future quantum computing advancements allowing anyone to spend anyone else’s bitcoins by breaking elliptic curve cryptography, but then I learned that when output addresses are hashed, the public key corresponding to the spender’s private key isn’t known, so they can’t be spent. So in the worst case scenario everyone with active bitcoin could move it into hashed addresses with public keys never revealed. I THINK this means avoiding address reuse keeps you safe, but I’m not sure how the public keys work for Hierarchical Deterministic wallets work. Can anyone confirm?
We still need quantum resistant cryptography, preferably with a soft fork if that’s possible, to make Bitcoin fulfill Saylor’s claim of teleporting a billion dollars of value a thousand years into the future.
We still need quantum resistant cryptography, preferably with a soft fork if that’s possible, to make Bitcoin fulfill Saylor’s claim of teleporting a billion dollars of value a thousand years into the future.