Sovtoshi on Nostr: I don't know when quantum computing with break AES-256 but when it does: 1. All ...
I don't know when quantum computing with break AES-256 but when it does:
1. All Bitcoin that you want protected must be moved to a quantum resistant address which is not currently an option in the existing code
2. All lost Bitcoin that is currently unmovable will be captured by the first company to crack it easily, which could be as many as 6Million Bitcoin, or perhaps even more.
This will be upwards of 30% of all Bitcoin. This almost certainly will be captured at some point. Will there be a way of invalidating all unmoved Bitcoin with a fork? Is 30% too high for a large company/government to capture and will it invalidate the distribution?
Just considerations.
1. All Bitcoin that you want protected must be moved to a quantum resistant address which is not currently an option in the existing code
2. All lost Bitcoin that is currently unmovable will be captured by the first company to crack it easily, which could be as many as 6Million Bitcoin, or perhaps even more.
This will be upwards of 30% of all Bitcoin. This almost certainly will be captured at some point. Will there be a way of invalidating all unmoved Bitcoin with a fork? Is 30% too high for a large company/government to capture and will it invalidate the distribution?
Just considerations.