Quantum computing is bitcoins y2k bug moment
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I remember when my mom was filling the bathtubs with water a couple of hours before midnight, in case the Y2K end of the world screwed up the piping systems π
True! Quantumβs the Y2K we didnβt see comingβ¦ Bitcoin will adapt
Beware of Kwantum Compoot β’
If that's true, it is true to the same extent or even moreso for all standard encryption, such as bank accounts, web services, nuclear codes, electrical grids, etc... I don't know why it is such a scare tactic for Bitcoin specifically. When (and if) quantum computing happens on a large scale, the world will have far more to worry about than whether our Bitcoin is safe.
Yes, but incredibly even more overblown
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ROFLMAO! And where, pray tell, is the threat other than in theory? Quantum computing doesnβt exist except in theory!
The point is that y2k wasnβt a big deal
You clearly didn't play solar realms elite. You still need to change your CMOS clock to run that software...
The threat is real. Look into it
QC , QT , QE, Y2Kβ¦ how about SHSSβs if you know what I mean π€
People are acting like quantum computing is being created by some hacker with ill intentions. The only people who are building quantum are trillion dollar companiesβ¦..π€·
That are composed of people with human incentives.
No, that'd be the 2106 problem.
At least in Y2K there was a clear date where the FUD ended....
the reason the Y2K bug was not disastrous was that people did not underestimate it (and eventually overreacted to it). hope same happens to Bitcoin
If only Bitcoinβs market cap were $200T and quantum was around the corner.
Oh yes, sir, would I freak then.
At $2T? Nobody cares, weβre not that important yet.
The Midwit's Crisis
View quoted note β
Better fix it too thenπ
Except we donβt have a concrete date
I had exactly zero concern for quantum until I listened to @preston and Charles Edwards on this pod. Now I'm less sure.
I'd love to hear someone lay out an explanation of why Charlie's take overblown.
The only people concerned about QC as it relates to btc are people that have no background or understanding of quantum mechanics
You are certainly correct in my case.
Would you care to elaborate on how you see the situation?
Havenβt updated since early this year but here are some thoughts.
Ten31 - Investors in bitcoin infrastructure and freedom tech
Quantum Leap?
Disentangling fact from fiction in bitcoin and quantum computing
Nobody understands time, including physicists. They have all assumed continuous time. If that assumption is wrong, all of physics would need to be renormalized. The answer is binary:
View quoted note β
re-formalized**
Conclusion: a short to mid term nothing burger.
Does this mean we can drop creed and bump to limp bizkit?
Y2K as it turns out was a nothing Burger, for those that coded it and lived through it.
π
