#Quantum computers cannot crack Bitcoin.#
Hot Topic Overview
Overview
Quantum computers do not pose a significant threat to Bitcoin at present. While quantum computers could theoretically crack Bitcoin's encryption algorithms, industry experts believe that the Bitcoin network will adapt to this threat as technology advances. Even if a hack were to occur, hackers might choose to conceal their actions to avoid a crash in Bitcoin's value. Additionally, if Satoshi Nakamoto's wallet were to be stolen, the network could hard fork to a state before the hack. Ultimately, Bitcoin's value depends on people's consensus, which quantum computers cannot crack.
Ace Hot Topic Analysis
Analysis
The threat of quantum computers to Bitcoin is not insurmountable, and the industry will adapt as technology evolves. Ki Young Ju, founder and CEO of CryptoQuant, believes that even if quantum computers could crack Bitcoin's encryption algorithm, hackers might choose to hide their attacks to avoid a crash in Bitcoin's value. This is because Bitcoin's value relies on consensus, and if Satoshi Nakamoto's wallet were stolen, the network could hard fork to a state before the attack, thus preserving Bitcoin's value. Therefore, there is no need to be overly concerned about the threat of quantum computers to Bitcoin, as the industry will find ways to address it as technology develops.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Quantum computers cannot directly crack Bitcoin because Bitcoin's value relies on people's consensus, not the algorithm itself.
Even if a quantum computer attack is successful, hackers may hide the attack to avoid Bitcoin's value collapsing.
If Satoshi Nakamoto's wallet is stolen, the Bitcoin network can hard fork to restore to the state before the attack.
As technology continues to develop, the Bitcoin industry will adapt to the challenges posed by quantum computers.