Quantum Computing: Threat to Crypto & Bitcoin Defense
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In this episode of the Coin Bureau, we delve into the world of Quantum Computing and its looming impact on the crypto industry. Quantum computers, with their cubits instead of bits, are like the supercars of the computing world - fast, powerful, and potentially game-changing. Google's latest Quantum chip, Willow, is like a turbocharged engine, pushing the boundaries of what's possible in Quantum Computing. But hold your horses, because these Quantum beasts are not yet ready to break the encryption codes that keep our data safe. It's like having a Ferrari in your garage but not being able to drive it on the roads just yet.
Now, the real concern here is how cryptos like Bitcoin can defend themselves against a Quantum attack. It's like trying to armor up a medieval knight to face a futuristic laser beam - a real challenge. Quantum proofing, changing encryption methods to outsmart Quantum threats, is the name of the game. It's like giving that knight a shiny new suit of armor that can withstand any attack. Bitcoin, with its robust encryption, is like a fortress standing strong against the Quantum storm. But with millions of lost BTC hanging in the balance, it's like having a treasure chest waiting to be cracked open by a Quantum pirate.
The clock is ticking, and the crypto world is on edge, knowing that a Quantum storm could be brewing on the horizon. The potential theft of lost BTC by a Quantum computer is a real threat, like a heist in progress with no security in sight. A hard fork to upgrade Bitcoin to a Quantum-proof standard may be the only way to secure the future of crypto. But beware, for tinkering with the core principles of Bitcoin is like playing with fire - one wrong move, and the whole system could come crashing down. It's a high-stakes game of cat and mouse, with the fate of the crypto world hanging in the balance.
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
Image copyright Youtube
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Viewer Reactions for Quantum Computing is Coming – Is Your Crypto Safe?
Some viewers are discussing the potential threats of quantum computing to various aspects of security beyond just cryptocurrencies.
There are comments questioning the accuracy of information presented in the video, such as missing combinations in explanations.
Suggestions for collaborations on topics related to blockchain security and quantum computing are being made.
A partnership between Qanplatform and IBM is highlighted.
There is a mention of a potential scam comment where people ask for help with wallets and give out their seed phrase.
The importance of Monero and 2 Factor Authentication is brought up in the comments.
Concerns about the broader disruptions quantum computing could cause in daily life are raised.
Some viewers express skepticism about the capabilities and implications of quantum computing.
The potential impact of quantum computing on various sectors, including government servers and encrypted communications, is discussed.
A comparison is made between the security of physical assets like silver and gold versus digital assets like cryptocurrencies in the context of quantum computing threats.
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