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28/10/19
13:27
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Originally posted by skypiliot
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Their are two different types of equations that are used googles computer is designed to crack the one that Bitcoin does NOT use . However it is only a matter of time before someone trys to build a quantum computer that cracks the bitcoin type of encryption . That is why work is already in progress on making bitcoin quantum resistant . I would expect proposals to start appearing in the next year or two.
What is really scary about quantum computing is it can crack central data bases in minutes or seconds . That means the following are unsafe
1. All government recors including defence
2. All Banks
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I know it's scary, the next 20 or so years will be fascinating, first time in modern history to have no cash, I wonder what people will do for jobs once those quantum computers are in.