So there’s this report from Coinshares that says we’re not really in any danger from quantum computers just yet. They figured out that if these quantum machines ever start messing with Bitcoin's security, it would probably only affect around 1000 BTC that could get dumped on the market due to hacked private keys.
What are your thoughts on this report?
The more we keep getting inclined by the incidence of quantum and possible threat to bitcoin network, the more we continue to lose more trust in bitcoin because we might want to prevent this possible attack from happening and therefore avoid considering bitcoin the the more, which is not good, quantum exist on its own the same way bitcoin and its protocols does.
As I have said before. If real QC ever gets out there BTC is going to be the least of our problems.
There are so many important systems that are encrypted with things that are on QC resistant, and will not be anytime soon.
Too many legacy systems out there that are vulnerable.
-Dave
This simply shows that we do not fully understand how Bitcoin technology works. Remember Bitcoin is created through code, upgraded through code and is developed resistance against risk through code. If QC is inevitable, then developers will surely develop codes that resist QC.
Bitcoin is an ever-evolving technology, so if there is an incoming risk, the developer will surely upgrade Bitcoin to resist such a risk. I bet right now the developers already have plans on how to mitigate QC risks if ever it realized.