The claim: Quantum computers can hack bitcoin and its right around the corner.Reality:There is no known way that quantum computers can break SHA256 (only the signing elliptic curve/ECDSA). So cold wallets will always be safe (this means you have not made an outgoing transaction in that wallet)This also means you will always be safe in actively making transactions as long as wallet providers provide the functionality to constantly move your funds to a new address on each transaction (this already exists in several wallets).There is a larger discussion on upgrading bitcoin, the fact that quantum computers are not even close to being able to crack ECDSA, etc. But I'm just going to leave it at what I said above. Your Bitcoin is not at risk from quantum computing. The fud campaigns on quantum computing has been organized by traders half a dozen times over the past 5 years at the end of consolidation triangles, which is exactly what happened this time.
Submitted September 26, 2019 at 12:03AM
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