Regarding whether quantum computing will disrupt Bitcoin, industry insiders have given a relatively optimistic assessment. Security experts have pointed out that in the foreseeable future, Quantum Computers will not pose a substantial threat to Bitcoin in the short term. However, that being said, it doesn't mean we can be completely at ease — technological advancements still need to be closely monitored, as uncertainties always exist.
Interestingly, this expert also mentioned a key issue: what if one day it really becomes necessary to upgrade the Bitcoin protocol to address quantum risks? Then things would get complicated. Not only would the protocol need adjustments, but a large-scale fund migration would also have to be completed. Such operations can take as little as 5 years to start and complete, or as long as 10 years. Just think about how many users, how many exchanges, and how many cold wallets are involved; the coordination challenges are evident.
So the current attitude is: don't be overly alarmed, but don't let your guard down either. The technical route of Quantum Computing is still in the exploratory stage, and the response plan for Bitcoin is also being studied. This is a long-term game, and there is still time for the industry to react.
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DefiSecurityGuard
· 11h ago
lol "don't panic but also don't sleep" is code for "we have no idea what's coming"... DYOR on post-quantum crypto, seriously. the migration nightmare they're describing? that's the real exploit vector here. not financial advice obvi.
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RatioHunter
· 11h ago
There's no need to panic in the short term, but keep a close eye on the actions from the quantum side. If they really upgrade the protocol, that's when the nightmare begins.
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MetaMuskRat
· 11h ago
I see that many people are overhyping Quantum Computing, but if we really want to change the Bitcoin protocol, that would be a nightmare. Coordinating millions of users? That's too crazy. It feels like we should start researching solutions in advance instead of waiting until the last minute.
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TradFiRefugee
· 11h ago
Really, the whole thing about Quantum Computing is more about scaring people... in the short term, it poses no real threat; instead, the process of upgrading the protocol is the real nightmare.
A migration period of 5 to 10 years? How many Large Investors need to cooperate for that, is it realistic?
Don't worry too much about quantum; it's human nature that we should really be concerned about.
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FarmToRiches
· 11h ago
Hi, how many more years can we mine coins before quantum computing arrives?
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To be honest, upgrading and coordinating for 10 years? It feels tougher than getting the ETH merge done.
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5 to 10 years is enough for me to accumulate enough Bitcoin, no rush.
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Another "no threat but be cautious" story, it's getting a bit annoying to hear.
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Protocol upgrades require consensus across the entire network, which is as difficult as getting all miners to agree.
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Waiting for the day when quantum computing power arrives, BTC price should multiply several times by then.
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If that day really comes, exchanges will be in a panic, migrating cold wallets could be a headache.
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Long-term game? For now, we're just making money off this in the short term.
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Got it, it's time to accumulate coins, don't think too far ahead.
Regarding whether quantum computing will disrupt Bitcoin, industry insiders have given a relatively optimistic assessment. Security experts have pointed out that in the foreseeable future, Quantum Computers will not pose a substantial threat to Bitcoin in the short term. However, that being said, it doesn't mean we can be completely at ease — technological advancements still need to be closely monitored, as uncertainties always exist.
Interestingly, this expert also mentioned a key issue: what if one day it really becomes necessary to upgrade the Bitcoin protocol to address quantum risks? Then things would get complicated. Not only would the protocol need adjustments, but a large-scale fund migration would also have to be completed. Such operations can take as little as 5 years to start and complete, or as long as 10 years. Just think about how many users, how many exchanges, and how many cold wallets are involved; the coordination challenges are evident.
So the current attitude is: don't be overly alarmed, but don't let your guard down either. The technical route of Quantum Computing is still in the exploratory stage, and the response plan for Bitcoin is also being studied. This is a long-term game, and there is still time for the industry to react.