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Comment by r33b33 | Hacker News Reader

5 points·r33b33··7 comments

IMO scalable quantum computers are still more than 2 decades away.

Lack of security due to exponentially reducing block rewards and occasional periods of low tx volume could become a problem sooner.

You spelled 5 years wrong. Human brain for some reason has pathalogical inability to extrapolate accelerating advancements.

Bitcoin has viable ways to implement quantum resistance, but they require significant technical and social coordination. Ongoing research and Bitcoin's adaptability suggest it can evolve to counter quantum threats, provided the community acts proactively. - Grok

This is wrong. If you actually dug into the subject, you'd realize that due to decentralized nature of the asset there a myriad of nuances that will PREVENT smooth transition to quantum resistant protocol. It is simply not viable and it is absolutely NOT priced in. Believe me, I've read EVERYTHING I could on this topic and Bitcoin not being ready for quantum computers is the biggest elephant in the room right now.

Why don't you make a convincing long-form write-up about this then?

Start a discussion in any bitcoin forum like stacker news - I'm sure you'll get a lot of attention

Contrary to the popular myth, Bitcoin is not fully decentralized. Those who write the code and convince others to run it have the absolute power. For example, they can enforce US sanctions by including the GeoIP database and making each node refuse transactions from IP addresses of the "wrong" countries, if they can convince others that this code is the code to run.

Likewise, they have successfully enforced a number of protocol changes and hard forks in the past.

I'd be interested in your take on block lattice... I often hear that things like Nano are 'quantum-resistant', but I don't know enough about what that really means to be entirely confident about it.

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