Without a suitable algorithm, will Bitcoin be able to upgrade in time? Even if a suitable algorithm is found, will the Bitcoins in long-term inactive addresses be frozen or deleted? What conditions will Bitcoin compromise when choosing a suitable algorithm? What problems will Bitcoin encounter when upgrading to a quantum-resistant algorithm? Are the problems anticipated first or are they addressed as they arise? The probability of Bitcoin going to zero is far greater than the probability of it surviving!
Go mine Raqcoin #Raqcoin
Without a suitable algorithm, will Bitcoin be able to upgrade in time? Even if a suitable algorithm is found, will the Bitcoins in long-term inactive addresses be frozen or deleted? What conditions will Bitcoin compromise when choosing a suitable algorithm? What problems will Bitcoin encounter when upgrading to a quantum-resistant algorithm? Are the problems anticipated first or are they addressed as they arise? The probability of Bitcoin going to zero is far greater than the probability of it surviving!
@adam3us Trump has accelerated the development of quantum computers, and Bitcoin cannot be upgraded to quantum-resistant algorithms! Large institutions must know something! That's why they are selling off Bitcoin!
@adam3us Bitcoin is doomed. By 2028, tens of millions of people will realize that it has no chance of being fully upgraded to a quantum-resistant algorithm!
@CryptoTice_ Bitcoin is doomed. By 2028, tens of millions of people will realize that it has no chance of being fully upgraded to a quantum-resistant algorithm!
#Raqcoin
🇫🇷 A GOVERNMENT JUST DECLARED BITCOIN'S ENCRYPTION OBSOLETE
France's cyber agency won't certify any security product without quantum-safe encryption after 2027.
It never mentions crypto. Not once.
But Bitcoin and Ethereum run on the exact algorithm France just rejected.
Elliptic curve cryptography.
The clock on "harvest now, decrypt later" just started ticking louder.
This is a list I compiled several years ago outlining the obstacles to Bitcoin’s migration to quantum-resistant, for your reference.
The obstacles to migration are as follows.
1. No suitable quantum-resistant algorithm
2. Hash-based and lattice-based algorithms have excessively large public keys and signatures
3. Migrating to quantum-resistant algorithms could cause severe on-chain congestion and even paralysis
4. Quantum-resistant algorithms result in a significant reduction in transaction efficiency
5. Increased node and transaction fees
6. Who has the authority to freeze or burn Satoshi’s addresses and other lost addresses
7. The aggregation threshold in quantum-resistant algorithms is challenging
8. Taproot makes the transition to quantum-resistant even more difficult
9. High hardware upgrade costs
10. 1MB block size is not suitable for quantum-resistant algorithms
11.Achieving global consensus is extremely difficult
and more...
@SenLummis Pls postpone or cancel bitcoin as a reserve, Sen Lummis! or not keep it 20 yrs!
As it's obviously getting an endless controverse on quantum-safe algo, its migration could be lasting for decade, It'll probably get to 0 in next 10/20 yrs for failure in migration/tackle to q-safe.