#Quantum computers cannot crack Bitcoin.#
Hot Topic Overview
Overview
The debate about whether quantum computers can crack Bitcoin is still ongoing. While quantum computers have powerful computational capabilities, experts believe that Bitcoin's value relies on people's consensus. Even if quantum computers could crack encryption algorithms, hackers might not publicly attack, as this would cause Bitcoin's value to plummet. Furthermore, even if Satoshi Nakamoto's wallet were stolen, the network could recover to its pre-attack state through a hard fork. Therefore, the industry will adapt as technology evolves, and there is no need to be overly concerned about the threat of quantum computers to Bitcoin.
Ace Hot Topic Analysis
Analysis
The debate about whether quantum computers can crack Bitcoin is still ongoing. Some experts believe that the emergence of quantum computers will not pose a substantial threat to Bitcoin. For example, Ki Young Ju, founder and CEO of CryptoQuant, said that there is no need to be overly concerned about quantum computers being used to hack Bitcoin, as the industry will adapt as technology develops. Even if a hack occurs, hackers may choose to hide it to avoid a crash in Bitcoin's value. If Satoshi Nakamoto's wallet is stolen, the network could hard fork to a state before the hack. Ultimately, Bitcoin's value relies on people's consensus, and quantum computers cannot crack that consensus.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Quantum computers cannot directly crack Bitcoin's encryption algorithm because Bitcoin uses elliptic curve cryptography, which quantum computers cannot currently crack effectively.
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.
If Satoshi Nakamoto's wallet were stolen, the Bitcoin network could recover to its pre-hack state through a hard fork.
Bitcoin's value ultimately depends on people's consensus. Even if quantum computers could crack the encryption algorithm, it wouldn't change people's trust and value judgment of Bitcoin.