endofbitcoin

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Moyses Jadejishi
ยท
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What do you all think about the end of $BTC ? The idea that quantum computing could end Bitcoin is more dramatic than likely, but it's not entirely unfounded. The crux of the matter lies in cryptography: today, Bitcoin relies on algorithms (like ECDSA) that would be vulnerable to sufficiently advanced quantum computers. In theory, a powerful quantum computer could derive private keys from public keys, allowing for fund theft. The problem is the 'sufficiently advanced' partโ€ฆ Current quantum machines are still a long way from breaking the encryption used in Bitcoin on a practical scale. The network itself isnโ€™t static; developers are already studying alternatives for quantum-resistant cryptography, and a protocol upgrade could be implemented before the threat becomes real. Soโ€ฆ is there a risk? Yes, especially for wallets that have already exposed their public keys in old transactions. But talking about the โ€œend of BTCโ€ ignores the ecosystem's ability to adapt. If quantum computing evolves to the point of breaking Bitcoin, it will also impact banks, governments, and practically all digital infrastructure; making a global transition to security more likely than an isolated cryptocurrency collapse. Based on this reasoning, I've started to take a broader view on the upcoming halving and greater confidence to increase my position in the portfolio. Hope this helps you all too! #Endofbitcoin
What do you all think about the end of $BTC ?

The idea that quantum computing could end Bitcoin is more dramatic than likely, but it's not entirely unfounded. The crux of the matter lies in cryptography: today, Bitcoin relies on algorithms (like ECDSA) that would be vulnerable to sufficiently advanced quantum computers. In theory, a powerful quantum computer could derive private keys from public keys, allowing for fund theft.

The problem is the 'sufficiently advanced' partโ€ฆ Current quantum machines are still a long way from breaking the encryption used in Bitcoin on a practical scale. The network itself isnโ€™t static; developers are already studying alternatives for quantum-resistant cryptography, and a protocol upgrade could be implemented before the threat becomes real.

Soโ€ฆ is there a risk? Yes, especially for wallets that have already exposed their public keys in old transactions. But talking about the โ€œend of BTCโ€ ignores the ecosystem's ability to adapt. If quantum computing evolves to the point of breaking Bitcoin, it will also impact banks, governments, and practically all digital infrastructure; making a global transition to security more likely than an isolated cryptocurrency collapse.

Based on this reasoning, I've started to take a broader view on the upcoming halving and greater confidence to increase my position in the portfolio.

Hope this helps you all too! #Endofbitcoin
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