[As a paid subscriber, the exclusive Q&A session will begin on Sunday at 8:00AM PT][I listened to this song while writing this article] The basics of quantum computing Computers we use today have “classical process” which operate with bits to encode either a zero or one. Quantum computers use quantum bits, or “qubits.” These can encode a zero, one, or both states simultaneously, which allows for exponentially faster processing for certain types of math problems.
It's like you know the evolution of the journey of Newbie was listening to a podcast about this. So does it make sense to just use 24-word key seed instead of 12 just to be safe?
If Bitcoin’s encryption is ever broken, it won’t spell the end—it will mark the beginning of an evolution. Just as Bitcoin is disrupting existing financial systems, any disruption to Bitcoin itself would pave the way for a new, more advanced system. This constant cycle of disruption and adaptation is the hallmark of an evolving ecosystem. The rise of a new currency or protocol would naturally take Bitcoin’s market share, reinforcing the principle that no system is static, and progress always builds on the lessons of the past.
Hey Dan, can I get a link to this post (that doesn't require a sub) to reference it in a story for our newsletter? I am going to cover Willow etc and thought this would be a good addition. TX DH
i was wondering how quantum computing would effect us, thanks for addressing this concern!
It's like you know the evolution of the journey of Newbie was listening to a podcast about this. So does it make sense to just use 24-word key seed instead of 12 just to be safe?
Unfortunately that doesn't help!
If Bitcoin’s encryption is ever broken, it won’t spell the end—it will mark the beginning of an evolution. Just as Bitcoin is disrupting existing financial systems, any disruption to Bitcoin itself would pave the way for a new, more advanced system. This constant cycle of disruption and adaptation is the hallmark of an evolving ecosystem. The rise of a new currency or protocol would naturally take Bitcoin’s market share, reinforcing the principle that no system is static, and progress always builds on the lessons of the past.
Do we think the speed increase will be exponential over a short time rendering all encryption useless? Thanks Dan
Hey Dan, can I get a link to this post (that doesn't require a sub) to reference it in a story for our newsletter? I am going to cover Willow etc and thought this would be a good addition. TX DH