#Quantum computers cannot crack Bitcoin.#
Hot Topic Overview
Overview
The debate about whether quantum computers can crack Bitcoin continues. While the powerful computing capabilities of quantum computers could indeed pose a threat to existing encryption algorithms, experts believe that the Bitcoin network can adapt to technological advancements and take measures to defend against quantum attacks. Even if hackers successfully infiltrate the network, they may choose to conceal their actions to avoid a sudden drop in Bitcoin's value. Furthermore, Bitcoin's value relies on consensus among its users. Even if Satoshi Nakamoto's wallet were stolen, the network could potentially recover to its pre-attack state through a hard fork. Therefore, there is no need to be overly concerned about the threat of quantum computers to Bitcoin.
Ace Hot Topic Analysis
Analysis
The threat of quantum computers to Bitcoin is not insurmountable. Ki Young Ju, founder and CEO of CryptoQuant, believes that even if quantum computers could crack Bitcoin's encryption algorithms, hackers might hide their attacks to avoid a crash in Bitcoin's value. This is because Bitcoin's value relies on consensus, and if a hack caused a significant drop in value, people might lose faith in it, leading to its collapse. Furthermore, even if Satoshi Nakamoto's wallet were stolen, the network could potentially recover to its pre-hack state through a hard fork, preventing a loss in Bitcoin's value. Therefore, the industry will adapt as technology progresses, and there is no need to be overly concerned about the threat of quantum computers to Bitcoin.
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-attack state through a hard fork.
Bitcoin's value depends on people's consensus, so even if security vulnerabilities arise, its value will not be significantly affected as long as most people still believe in Bitcoin.