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Quantum Won't Replace Your Computer

bawolff

Sometimes i feel like there are more people debunking the "quantum revolution" than people who actually believe it.

Yes there are some charlatans trying to sell quantum bullshit, but for the most part this is debunking a myth that doesn't exist.

gsf_emergency_2

Sometimes I feel that I should think of 98% of funded research as slop, and get on with life.

But (boring) engineering research, most of math, and (some academic) CS publications seem much less sloppy, I'll give you that

082349872349872

https://www.researchgate.net/publication/2843975_A_Partial_O... is v interesting, but only goes to 7, so it lacks a 10.5.1?

gsf_emergency_2

Ah sorry

chapter 10 of similar title from the book https://extras.springer.com/?query=978-3-642-12820-2

pp491 is the autobio

(I'd thought for a moment it'd be more prudent to offer the proceeds from UK-based web-intrigue than Russian ;)

bawolff

For quantum computing the real bullshit comes from private companies like D-wave and IBM.

gsf_emergency_2

That's even more likely to be funded research :)

Sorry there should be an "ear-marked" somewhere

timhigins

good points, but partly ai generated?

rvz

Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography.

But there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets. The higher the bounty grows, the more urgent it is to break Bitcoin to claim Satoshi's wallet.

(Unless Bitcoin forks into a quantum-resistant hashing method).

bawolff

> (Unless Bitcoin forks into a quantum-resistant hashing method).

Aren't the hash functions bitcoin uses already quantum resitant?

> Well quantum computing's only economically valuable use-case is cracking RSA and other weak quantum-vulnerable cryptography.

The exciting use case is simulating quantum systems for physics & chemistry research. Cracking RSA is mostly a meme use case since the moment it looks like someone is about to get one everyone immediately switches algorithms.

ameliaquining

The hash function used for proof-of-work is, but the signature schemes for authenticating transactions aren't. So you can't make a bunch of counterfeit bitcoins out of thin air, but you can steal other people's bitcoins, which isn't really better.

proto-n

Not exactly. You can't steal anything unless the person revealed the public key. Addresses are just hashes of public keys, therefore qc resistant. However, you can't ever reuse an address, as signing reveals the public key.

Otoh, afaik either it wasn't like this in the satoshi era or satoshi revealed the public key. In any case, satoshi's wallets are crackable by qc.

bigyabai

> there is a $100B+ (and growing) bounty to crack satoshi's Bitcoin wallets

That's like saying there's a $100T+ bounty on robbing the IMF. Bitcoin is backed by nothing, if you pull out a Jenga block that big then the whole thing is tits up worthless.

It will also (incidentally) make you the enemy of some particularly powerful people with connections to criminal networks.

fnord77

won't Bitcoin become worthless the millisecond any wallet gets cracked?

hattmall

Not necessarily, the majority of Bitcoin trades, which are it's entire source of value, are never even executed in the block chain at all. Neither the block chain nor the exchanges could actually handle the volume of a significant percent of holders withdrawing in a short duration. Now I don't know what that percent is but it's likely significantly less than 20%.

As long as there's unaudited exchanges minting so called stable coins at will. The entire crypto sphere is valuated fully devoid from any actual underlying fundamental. Cracking a wallet could be the catalyst for its undoing but it could also be something else or nothing at all.

Nevermark

Uh, no.

The moment there is good reason to believe Bitcoin's on-chain accounts are vulnerable, there will be a run on the whole chain.

Nobody will buy more Bitcoin, and Bitcoin holders will be competing with every other holder to sell what they have.

Bitcoin's value will go to zero, quickly/instantly.