If hashes are safe, then why not simply base our signatures and other stuff on them? The only thing that may be missing is actual encryption / decryption, but that can be done by XORing with “one-time” pads built from peeling onion layers from hashes.
Quantum computing affects the distribution of symmetric keys using public key encryption (and so affects a large amount of encryption as used in people's daily lives) which is vulnerable to quantum computers with sufficient bits.
The only problem is that it seems to also have forward secrecy built in because once you’ve revealed the next onion layer, anyone could have constructed the transcript up to that point. So you can only be sure that the author signed something if you are sure they didn’t reveal the next private key to anyone else (to verify it).
https://crypto.stackexchange.com/questions/35809/whats-wrong...
Here is a basic explanation:
https://cryptography.fandom.com/wiki/Snuffle
Note however that you would need a nonce / salt transmitted with each message because otherwise decrypting messages encrypted with the same key would just be as easy as XORing them!
Still that’s plenty useful! It can be used for blockchains and crypto currency.
With the 1TB keysizes, what you are thinking of is Berstein et al.'s tongue in cheek paper "Post-quantum RSA": https://cr.yp.to/papers/pqrsa-20170419.pdf