Read_875 - Against Allowing Quantum Recovery of Bitcoin

"Not your keys, not your coins."
I posit that the corollary to this principle
is:
'Your keys, only your coins.'


A quantum capable entity breaks the corollary of
this foundational principle. We secure our
bitcoin with the mathematical probabilities
related to extremely large random numbers. Your
funds are only secure because truly random large
numbers should not be guessable or
discoverable by anyone else in the world.


It seems almost inevitable, that at some point
quantum computing could reach the capacity to
break current cryptographic standards, so the
question is, what do we do about it? Do we allow
the first entities with a powerful quantum
computer, the already wealthy and powerful,
attack the keys to millions of BTC and dominate
the economic destiny of Bitcoin? Or should this
be treated like a vulnerability? A bug in the
code. Where we set a date to deprecate the old
signatures, and burn the coins that were lost to
vulnerable keys? The answer might not be as
simple as you first suspect, Jameson Lopp makes a
solid case in today's article.


Check out the original article: Against Allowing
Quantum Recovery of Bitcoin by Jameson
Lopp (Link: https://tinyurl.com/ysaz7va6)










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