Coney_Croft on Nostr: Blackrock recently warned investors of the dangers of quantum computers to break ...
Blackrock recently warned investors of the dangers of quantum computers to break encryption on Bitcoin. Bitcoin can easily be made quantum resistant. The only problem, if you really feel it is one, is that only old lost, or Satoshi addresses will be able to be hacked. Personally, I don’t see that as a problem. Maybe even a blessing. These old coins will be recirculated into the economy. As they are bought up, the price may fall and then eventually recover. Always need to remember, there only can be 21 million coins in all. No matter how hard we try, there will always be more lost coins in the future. Not as many hopefully as there were originally, as we learn more about how to protect those valuable assets.
Published at
2025-05-15 19:13:31 UTCEvent JSON
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"content": "Blackrock recently warned investors of the dangers of quantum computers to break encryption on Bitcoin. Bitcoin can easily be made quantum resistant. The only problem, if you really feel it is one, is that only old lost, or Satoshi addresses will be able to be hacked. Personally, I don’t see that as a problem. Maybe even a blessing. These old coins will be recirculated into the economy. As they are bought up, the price may fall and then eventually recover. Always need to remember, there only can be 21 million coins in all. No matter how hard we try, there will always be more lost coins in the future. Not as many hopefully as there were originally, as we learn more about how to protect those valuable assets.",
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