3 Million Bitcoin in 2 Seconds: Google Quantum Computer

Miners Move 9,000 BTC, Quantum Computing Advances: The Bitcoin.com Weekl...

Miners Move 9,000 BTC, Quantum Computing Advances: The Bitcoin.com Weekl... submitted by swiftestcat to btc [link] [comments]

Miners Move 9,000 BTC, Quantum Computing Advances: The Bitcoin.com Weekly Update by Bitcoin.com - Official Channel

Miners Move 9,000 BTC, Quantum Computing Advances: The Bitcoin.com Weekly Update by Bitcoin.com - Official Channel submitted by cashman04 to FindBacklink [link] [comments]

The Crypto Lark - Bitcoin Price Falls on Panic over Quantum Computers, Bakkt Failure, & Miner Exodus

The Crypto Lark - Bitcoin Price Falls on Panic over Quantum Computers, Bakkt Failure, & Miner Exodus submitted by Yanlii to cryptovideos [link] [comments]

A use for quantum computing in bitcoin: Traveling Salesman for node and miner distribution /r/Bitcoin

A use for quantum computing in bitcoin: Traveling Salesman for node and miner distribution /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Prediction: A bitcoin miner will invent the first usefull quantum computer for mining

submitted by mughat to Bitcoin [link] [comments]

Only 2.5 million Bitcoin left to mine

Only 2.5 million Bitcoin left to mine submitted by TeslaWatt to Bitcoin [link] [comments]

At this point, the chances of Bitcoin dying are next to impossible

The worst that could happen to Bitcoin was that it would become some obscure decentralized internet network with no real value. But at this point in the game, it's too big to shrink away into infamy. Wall Street is buying, hospitals are starting to accept it, banks are accepting it, stores are accepting it, PEOPLE are accepting it. It's too far adopted at this point for the dominos of adoption to stop falling. We're on a path that leans in an overwhelming direction towards Bitcoin's continued growth and adoption in this world. It was always a Binary equation when it started, and at this point, it's only got 1 way to go. Do you think Grayscale's clients who own the over 450 thousand Bitcoins are going to want to let them go? MicroStrategy who bought over 250 million dollars worth of Bitcoin as it's primary treasury financial reserve asset? Any of these guys who are, and will adopt in at the pro level of the financial world? We're at the brink of another parabolic run, and even if Bitcoin repeats history and 1000% jumps, then dumps 80%, do you think these guys would sell? Even after the drop, they'll still be over 200% on whatever they owned pre ATH(All-Time High Price). AKA, 20k$.

These guys are going to see what we all saw after our first parabolic runs. They're going to see what happened, look at the history, and see that it does this every halving, realizing as we all did once, what Bitcoin truly is, and where it is headed. And these are hodlers who are already experienced in holding over 10 years, 20 years, 50 years, 100+F'ing years. These are the same institutional buyers pumping the stock market right now despite this pandemic. Once they get a taste of Bitcoin, they won't stop doing everything they can to get more. The volatility will slow down, the growth will become more consistent, boring, and predictable even, just as the stock market is today. But the math holds true; once these guys are fully adopted, and all the adoption dominoes have fallen; Bitcoin will be over 10 million per coin. By then, growth will probably be as boring and predictable as the stock market. The math will dignify it to still grow faster than the stock market does today, but boring, with no massive price swings as we see today; where you can buy Bitcoin at a 50% discount just 1 day, or 1 week later. By then, most companies will probably have already converted their stocks into their own cryptocurrencies of sorts. It's the only logical next step; cuts out the stockbroker middlemen, just like Bitcoin cuts out the banks. But, regardless of all that stuff that is likely to come with this path that we're on now, the one thing I know for most certain is, before this next run happens, you'll want to get in. Like now. Before this next run even starts pricing over 20k$. Because, after this whole next run up and drop is said and done, you'll be lucky if we ever see a 20k$ Bitcoin again. The best chances will be a drop to 30k$ if we break just over 100k$, or 70k$ if we break just over 300k$. That's if we even get the 80% drop that history has shown this time around, now with these old school investors joining the game before the parabolic run up even starts.

Buy now, before we break 20k$. Hell, keep buying whenever you can until we hit 20k again. I can guarantee you; after 8 years of buying through these markets, there is no better time to buy than right before the start of a parabolic run. Sure, you'll wish you'd have bought when it was at an all-time low price period, but then, you'd have to wait potentially up to 4 years for the next parabolic run to start after a halving, in order to experience any of the crazy historical price run action you've heard so much about. Buying 6 months after a halving like now; puts you on the financial rocket ship that is Bitcoin, right before takeoff, making you able to experience the ride that has made thousands of people addicts to this decentralized network over the last 10 years. IN the next 10 years, it will be millions of addicts; in the next 30, it will be billions. And the price, well the price will be numbers we think today as impossible. Because if you think 10 million is where this bad boy is stopping, then you really don't understand what will happen when the owners of quadrillions in value, become addicted to a decentralized network that's capped out at 21 million coins, and those owners of those quadrillions in value begin to move their asset holdings into Bitcoin; in order to feed their addiction to this decentralized network that many of us have grown to know. Once they know what Bitcoin is, and they have experienced the supply shock that Bitcoin's halvings have on it's value, then they'll begin to move their assets into Bitcoin's network like a crackhead selling their mom's TV just to score an ounce of meth after experiencing its financial ride. Buy every chance you can, every paycheck; hop on this boat before it's too late and you miss another opportunity of insane ROI. Don't get me wrong, even in buying in on the next cycle, you'll still be exponentially profitable if you hold for the long run. But every time we have a parabolic run, that exponential potential becomes less and less. Although exponential none the less. The 10k$ dollars per Bitcoin range will be looked at in 30 years, just like we look at the days of Bitcoin being worth less than a penny per Bitcoin today. Hell, 10 years from now will be looking at a 10k$ per Bitcoin price range like we look at buying Bitcoin at 20$ a coin today.
submitted by PositiveResonanceSng to Bitcoin [link] [comments]

This is a public service announcement to anyone who's foolish enough to still be using windows

This is a public service announcement to anyone who's foolish enough to still be using windows 10, windows 8, windows 7, vista, and also windows xp. your operating system is now fully compromised, and no, this isn't the same as indian scammers trying to hold your data hostage for google play cards or pictures of bobs and vagene or the cia backdooring your operating system so that they can spy on you it is far worse then that the international hacker known as 4chan has successfuly reverse engineered your operating system they know the sorce code, they've observed all of windows xp's vulnerabilities which means they know the vulnerabilities of all windows operating systems that have come after it because let's face it ever since windows xp all microsoft has really done is create some new themes for your desktop and add more spyware to windows and also forcefully push out updates, and things are about to get even worse, you thought viruses like wannacry caused a lot of damage? that's childsplay. the viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system but now microsoft's spaghetti code is out in the open everybody can see it and your computer is more screwed then an unchaperoned toddler on epstein's island dring a bill clinton visit your kernel is going down faster then a golden retriever at the atf's headquarters. now before you go into full panic mode and start freaking out there are some solutions for you to continue using your computer, my personal recommendation is to load up dban, completely remove any trace of windows, or any other proprietary bullshit operating system that came with your computer, and then install gentoo and use that for the rest of eternity to do your computing. if you can't figure out how to use gentoo then you have the option of using linux mint which is another approved gnu/linux operating system that is more noob friendly and kind of similar to windows in the layout just minus all the horrible bullcrap and spaghetti code that makes up windows. if you can't figure out how to use linux mint then you should just sell your computer, purchase a horse and buggy, and go be amish in a field somewhere because it's no longer safe for you to have a computer or really any electronic device for that matter. hopefully the many years of you beating off to cam girls will translate into good butter churning skills so you can earn a living as an amish person. if you fail to comply you are going to get updates forcefully pushed to your operating system which has been happening for a while now because let's face it, microsoft has never even heard of the word consent, but instead of these updates coming from microsoft themself, bill gates himself, they are going to be coming from the hacker known as 4chan and you will soon experience strange behavior in your operating system, internet explorer or microsoft edge or whatever the hell they're calling that crap these days will be replaced with pale moon or a similar furry browser. every day the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on all of your home videos will be replaced by forceful tentacle hentai, all of your family photos are going to be replaced with pepes that become more and more racist as time goes on, oh and also your webcam will permanently live stream to liveleak so watch out for chinese truck drivers and off-duty brazzilian police officers. now i don't want to hear any of you wondering all of a sudden oh woe is me why does something like this have to happen to me no you've been warned for years and years about the dangers of proprietary software and yet you did nothing, richard stallman went out of his way to make speeches at college campuses all across the world even doing some in spanish so that he can reach a wider audience and going days without a proper meal this man had to subsist on nutrients from the bottom of his foot and yet you did nothing, edward snowden revealed that bioluminescent goverment agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of reddit all under the guise of stopping terrorism and had to flee the united states and go live in a russian airport bathroom and yet you continued using windows purchasing a new copy every few years making bill gates a gorillianare in the process so that he could get ot his end goal of injecting windows updates directly into the bloodstream of every person in the world and newborn babies and yet you kept on using windows even though each new version removed more and more of your rights and became more and more bloated but now 4chan, the hacker, has taken it to the extreme. you will no longer be using your operating system it will se you, it will require a minimum of 2 terabytes of ram and a quantum cpu just to load up the crypto miner that's going to be required to boot your operating system. now alternatively i have heard directly from the hacker known as 4chan that for one bitcoin you can purchase a subscription of windows xp yotsuba edition which will have most of the restrictions removed however your wallpaper will still be set to a lewd vaguely underage anime girl and your browser will be permanently set to 4channel.org, uh, also microsoft word is going to be replaced with vim so good luck doing your homework on there hopefully you know how to quit out of it. you have been warned now go install gentoo or suffer the consequences or like i said sell all your electronics and go be amish because the amish don't get computer viruses
submitted by bobbyboob6 to copypasta [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

This is a public service announcement to anyone who is foolish enough to still be using Windows 10, Windows 8, Windows 7, Vista, and also Windows XP. Your operating system is now fully compromised and no, this isn't the same as Indian scammers trying to hold your data hostage for Google play cards or pictures of bobs and vagene or the CIA backdooring your operating system so that they can spy on you, it is far worse than that. The international hacker known as 4chan has successfully reverse engineered your operating system. They know the source code, they've observed all of windows XP's vulnerabilities which means they know the vulnerabilities of all Windows operating systems that have come after it because let's face it, ever since Windows XP all Microsoft has really done is create some new themes for your desktop and add more spyware to Windows, and also forcefully pushed out updates, and things are about to get even worse. You thought viruses like wannacry caused a lot of damage? That's child's play. The viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system, but now Microsoft spaghetti code is out in the open, everybody can see it, and your computer is more screwed than an un-chaperoned toddler on Epstein's island during a Bill Clinton visit. Your kernel is going down faster than a golden retriever at the ATF headquarters. Now before you go into full panic mode and start freaking out, there are some solutions for you to continue using your computer. My personal recommendation is to load up DBAN to completely remove any trace of Windows or any other proprietary bullshit operating system that came with your computer, and then install Gentoo and use that for the rest of eternity to do your computing. If you can't figure out how to use Gentoo then you have the option of using Linux Mint, which is another approved GNU/Linux operating system that is more noob friendly and kind of similar to Windows in the layout just minus all of the horrible bull crap and spaghetti code that makes up Windows. If you can't figure out how to install Linux Mint then you should just sell your computer purchase a horse and buggy and go be Amish in a field somewhere, because it's no longer safe for you to have a computer or really any electronic device for that matter. Hopefully the many years of you beating off to cam girls will translate into good butter churning skills so that you can earn a living as an honest person. If you fail to comply you are going to get updates forcefully pushed into your operating system which has been happening for a while now because let's face it, Microsoft has never even heard of the word consent. But instead of these updates coming from Microsoft themself, Bill Gates himself they're going to be coming from the hacker known as 4chan, and you'll soon experience strange behavior in your operating system internet explorer or Microsoft edge or whatever the hell they're calling that crap these days will be replaced with pale moon or a similar furry browser. Every day the wallpaper on your desktop is going to become an anime girl that gets more lewd and vaguely under age as time goes on, all of your home videos will be replaced by forceful tentacle hentai, all of your family photos are going to be replaced with Pepes that become more and more racist as time goes on. Oh, and also your webcam will permanently live stream to liveleak so watch out for Chinese truck drivers an off duty Brazilian police officers. Now I don't want to hear any of you wondering why is this happening all of a sudden "woe is me why does something like this have to happen to me?" No you've been warned for years and years about the dangers of proprietary software and yet you did nothing. Richard Stallman went out of his way to make speeches at college campuses all across the world, even doing some in Spanish so that he can reach a wider audience, going days without a proper meal. This man had to subsist on nutrients from the bottom of his foot, and yet you still did nothing. Edward Snowden revealed that bioluminescent government agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of Reddit, all under the guise of stopping terrorism, and he had to flee the United States and go live in a Russian airport bathroom, and yet you continued on using Windows, purchasing a new copy every few years making Bill Gates a gorillionaire in the process, so that he could get to his end goal of injecting Windows updates directly into the bloodstream of every person in the world in newborn babies, and yet you kept on using Windows even though each new version removed more and more of your rights and became more and more bloated. But now 4chan the hacker has taken it to the extreme. You will no longer be using your operating system, it will use you. It will require a minimum of 2 terabytes of ram and a quantum CPU just to load up the crypto miner that's going to be required to boot your operating system. Now alternatively, I have heard directly from the hacker known as 4chan on that for one bitcoin you can purchase a subscription of Windows XP Yotsuba Edition, which will have most of the restrictions removed. However your wallpaper will still be set to a lewd vaguely under age anime girl and your browser's homepage will be permanently set to 4channel.org. Also Microsoft Word is going to be replaced with Vim, so good luck doing your homework on there, hopefully you know how to quit out of it. You have been warned. Now go install Gentoo or suffer the consequences. Or like I said, sell all of your electronics and go be Amish, because the Amish don't get computer viruses.
submitted by dogecharger3000xd to copypasta [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

This is a public service announcement to anyone who is foolish enough to still be using windows 10, windows 8, windows 7, vista and also windows xp.
Your operating system is now fully compromised and no this isn't the same as indian scammers trying to hold your data hostage for google play cards or pictures of bobs and vageen, the cia backdooring your operating system so that they can spy on you, it is far worse than that.
The international hacker known as 4chan has successfully reverse engineered your operating system.
👏They 👏know👏the 👏source👏code!
They've observed all of windows xp vulnerabilities, which means they know the vulnerabilities of all windows operating systems that have come after it because let's face it ever since windows xp all microsoft has really done is create some new themes for your desktop and add more spyware to windows and also forcefully push out updates and things are about to get even worse, you thought viruses like wannacry caused a lot of damage that's child play, the viruses of old were created by much less skilled hackers that didn't even had the source of your operating system but now microsoft spaghetti code is out in the open every body can see it and your computer is screwed than a unchaperoned toddler on epstein's island during a bill clinton visit your kernel is going down faster than a golden retriever at the etfs headquarters
now before you go into full panic mode and start freaking out there are some solutions for you to continue using your computer, my personal recommendation is for you to load up dban, completely remove any trace of windows or any other proprietary bullshit operating system that came with your computer and then install gentoo and use that for rest of eternity to do your computing, if you can't figure out how to use gentoo then you have the option of using linux mint which is another approved gnu/linux operating system that is more noob friendly and kind of similar to windows and the layout just minus all of the horrible bullcrap and spaghetti code that makes all of windows.
if you can't figure out how to install linux mint then you should just sell your computer purchase a horse and buggy and go be amish in a field somewhere because it is no longer safe for you to have a computer or really any electronic device for that matter,
hopefully that many years of you beating off to cam girls will translate into good butter churning skills so that you can earn a living as a amish person if you fail to comply you are going get updates forcefully pushed to your operating system which has been happening for awhile now because let's face it microsoft has never even heard of the word consent but instead of these updates coming from microsoft themself,bill gates himself, they are going to be coming from the hacker known as 4chan you will soon experience strange behaviour from your operating system internet explorer or microsoft edge or whatever the hell they are calling that crap these days will be replaced with pale moon or a similar furry browser every day the wallpaper on your desktop is going to become a anime girl that is more and more lewd and vaguely underage as time goes on, all of your home videos will be replaced by forceful tentacle hentai, all of your family photos will be replaced with pepes that become more and more racist as time goes on
oh and also your webcam will permanently livestream to live leak so watch out for chinese truck drivers and off duty brazilian police officers
now I don't want to hear any of you wondering
“why is this happening all of a sudden
oh always me why do something like this have to happens to me”
no you have been warned for years and years about the dangers of proprietary software and yet you did nothing, richard stallman went out of his way yo make speeches in college campuses all across the world even doing some in spanish so that he could reach a more wider audience and going days without a proper meal this man had to subsiste on nutrients from the bottom of his foot and yet you still did nothing
edward snowden revealed that bioluminescent government agents were living in your computer watching you watch camgirls and browse old memes that washed up on the shores of reddit all under the guise of stopping terrorism and he had ot flee the united states and live in a russian airport brathroom and yet you continued on using windows purchasing a new copy every few years making bill gate a grilionaire in the process so that he could get to his end goal of injecting windows updates directly into the blood stream of every person in the world and newborn babies and yet you kept on using windows even tough each new version removed more and more of your rights and became more and more bloated
but now 4chan the hacker has taking it to the extreme you will no longer be using your operating system it will use you it will require a minimum of 2 terabytes of ram and a quantum cpu just to load up the crypto miner that's going to be required to boot up your operating system
now alternatively i have heard directly from the hacker known as 4chan that for 1 bitcoin you can purchase a subscription of windows xp yotsuba edition that will have most of the restrictions removed however you wallpaper will still be set to a lewd vaguely underage anime girl and your browser homepage will be permanently set to 4chan.org also microsoft word is going to be replace with vim so good luck doing your homework on there hopefully you know how to quit out of it
you have been warned now go and install gentoo or suffer the consequences or like I said sell all of your electronics and go be amish because the amish don't get computer viruses!!
Sources: https://imgur.com/a/nqiyQ
https://youtu.be/iqRj7cW-vjs
submitted by thesuperiordalek to copypasta [link] [comments]

How does bitcoin scale in performance? (CPU and RAM usage, usually ppl talk about disk space)

I am currently reading "Mastering Bitcoin" and I learned a lot of news things. But a questions keeps bugging me:
If bitcoin grows around 1 terabyte each decade (i know, this is not yet the case), that is completely fine. But the fullnodes store the whole history and validate against the whole past, right? Also wallets, that "restore from a private key" (you setup a new wallet with an old private key, so it has to check the full bitcoin history for your funds).
Won't those be extremely slow mechanisms in the future? What is bearable now, will it be super cpu-intensive in several years? The mempool takes unconfirmed transactions, but in the end, it only "accepts" them, if they are valid. So the node has to validate all of them right? The longer the chain, the longer that takes, right? (not sure if a node really validates all of them, or if he just validates the block that a miner delivers. I read conflicting information on this topic or misinterpreted one.)
Disclaimer: I could be wrong on some things, please go easy on me. :)
submitted by TrudleR to Bitcoin [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

This is a public service announcement to anyone who is foolish enough to still be using Windows 10, Windows 8, Windows 7, Vista, and also Windows XP.
Your operating system is now fully compromised. and no, this isn't the same as Indian scammers trying to hold your data hostage for Google play cards or pictures of bobs and vagens or the CIA backdooring your operating system so they can spy on you, it is far worse than that.
The international hacker known as 4Chan has successfully reverse-engineered your operating system, THEY KNOW THE SOURCE CODE, they observed all of Windows XP vulnerabilities which means they know the vulnerabilities of all Windows operating systems that have come after it, because, let's face it, ever since Windows XP all Microsoft has really done is create some new themes for your desktop and add more spyware to Windows and also push out updates. and things are about to get EVEN WORSE, you thought viruses like WannaCry cause a lot of damage? that's child's play, the viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system but now, Microsoft spaghetti code, it's out in the open, everybody can see it and your computer is more screwd than an unchaperoned toddler on Epstein's island during a Bill Clinton visit.
YOUR KERNEL is going down faster than a golden retriever at the ATF's headquarters.
Now, before you go in full panic mode and start freaking out, there are some solutions for you to continue using your computer.
My personal recommendation is to load up DBAN, completely remove any trace of Windows or any other proprietary bullshit operating system that came with your computer and then, install Gentoo, and use that for the rest of eternity to do your computing, if you can't figure out how to use Gentoo, then you have the option of using Linux Mint, which is another approved GNU/Linux operating system that is more noob friendly and kind of similar to Windows and the layout just minus all of the horrible bullcrap and spaghetti code that makes up Windows.
If you can't figure out how to install Linux Mint then you should just sell your computer, purchase a horse and buggy and go be amish in a field somewhere because it's no longer safe for you to have a computer or really any electronic device for that matter, hopefully, the many years of you beating off to cam girls will translate into good butter churning skills so that you can earn a living as an Amish person.
If you fail to comply, you are going to get updates forcefully pushed to your operating system which has been happening for a while now, because, let's face it, Microsoft has never even heard of the word consent, but instead of these updates coming from Microsoft themself, Bill Gates himself, they are going to be coming from the hacker known as 4chan, and you will soon experience strange behavior in your operating system.
Internet Explorer or Microsoft Edge or whatever the hell they're calling that crap these days will be replaced with Pale Moon or a similar furry browser.
Every day the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on, all of your home videos will be replaced with forceful tentacle hentai, all of your family photos are going to be replaced with pepes that become more and more racist as time goes on.
Oh and also, your webcam will permanently live stream to live league so watch out for Chinese truck drivers and off-duty Brazilian police officers.
Now, I don't want to hear any of your wondering "why is this happening all of the sudden oh woe ways me, why does something like this have to happen to me", no, you've been warned for years and years about the dangers of proprietary software, and yet, you did nothing.
Richard Stallman went out of his way to make speeches at college campuses, all across the world, even doing some in Spanish, so he can reach a wider audience, and going days without a proper meal, this man had to subsist on nutrients from the bottom of his foot and yet, you still did nothing.
Edward Snowden revealed that bioluminescent government agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of Reddit, ALL under the guise of stopping terrorism, and he had to flee the united states and go live in a Russian airport bathroom, and yet, you continued on using Windows.
Purchasing a new copy every few years making Bill Gates a grillionaire in the process so he could get to his end goal of injecting Windows updates directly into the bloodstream of every person in the world, in newborn babies, and yet, you kept on using Windows, even though each new version removed more and more of your rights and became more and more bloated, but now, 4chan the hacker has taken it to the extreme, you will no longer be using your operating system.
It will use you, it will require a minimum of 2 terabytes of ram and a quantum CPU just to load up the crypto miner that's going to be required to boot your operating system.
Now alternatively, I have heard directly from the hacker known as 4chan that for one bitcoin, you can purchase a subscription of Windows XP Yotsuba edition which will have most of the restrictions removed, however, your wallpaper will still be set to a lewd vaguely underage anime girl and your browser's homepage will be permanently set to 4channel.org, also Microsoft Word is going to be replaced with Vim, so, good luck doing your homework on there, hopefully, you know how to quit out of it, you have been warned, now go, install Gentoo or suffer the consequences or like I said, sell all of your electronics and go be Amish because the Amish don't get computer viruses.
submitted by E404NNF to copypasta [link] [comments]

Quantum computing = bitcoin death?

Don’t take anything i say here as fact, i am in no way qualified to talk about quantum computing or bitcoin at all. i’m just trying to ask a question and learn more. thank you.
Someone with a physics and cybersecurity background please inform me
I’m going to try my best with my limited knowledge to ask this question but the idea of quantum computing is using the superposition of an electron in place of a “bit” correct? meaning one “bit” can store potentially endless data correct? so couldn’t a single quantum computer completely overtake all of the miners and power being put into mining today? It would at least have a significant advantage over everyone else to the point where a single person could hold ungodly amounts of bitcoin. Quantum computing would pretty much mean the death of encryption and therefor bitcoin and blockchain technologies wouldn’t it?
submitted by Shr1mpoholic to BitcoinBeginners [link] [comments]

ATTENTION WINDOWS USERS, ITS TIME TO STOP!!

this is a public service announcement to anyone who is foolish enough to still be using windows 10 windows 8 windows 7 vista and also windows xp your operating system is now fully compromised and no this isn't the same as indian scammers trying to hold your data hostage for google play cards or pictures of bob's and vagine or the cia backdooring your operating system so that they can spy on you it is far worse than that the international hacker known as 4chan has successfully reverse engineered your operating system they know the source code they've observed all of windows xp's vulnerabilities which means they know the vulnerabilities of all windows operating systems that have come after it because let's face it ever since windows xp all microsoft has really done is create some new themes for your desktop and add more spyware to windows and also forcefully push out updates and things are about to get even worse you thought viruses like wannacry caused a lot of damage that's child's play the viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system but now microsoft's spaghetti code it's out in the open everybody can see it and your computer is more screwed than an unchaperoned toddler on epstein's island during a bill clinton visit your colonel is going down faster than a golden retriever at the atf's headquarters now before you go into full panic mode and start freaking out there are some solutions for you to continue using your computer my personal recommendation is to load up d-band completely remove any trace of windows or any other proprietary operating system that came with your computer and then installed gentoo and use that for the rest of eternity to do your computing if you can't figure out how to use gentoo then you have the option of using linux mint which is another approved gnu slash linux operating system that is more noob friendly and kind of similar to windows in the layout just minus all of the horrible bullcrap and spaghetti code that makes up windows if you can't figure out how to install linux mint then you should just sell your computer purchase a horse and buggy and go be amish in a field somewhere because it's no longer safe for you to have a computer or really any electronic device for that matter hopefully the many years of you beating off to cam girls will translate into good butter churning skills so that you can earn a living as an amish person if you fail to comply you are going to get updates forcefully pushed to your operating system which has been happening for a while now because let's face it microsoft has never even heard of the word consent but instead of these updates coming from microsoft themself bill gates himself they are going to be coming from the hacker known as 4chan and you will soon experience strange behavior in your operating system internet explorer or microsoft edge or whatever the hell they're calling that crap these days will be replaced with pale moon or a similar furry browser every day the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on all of your home videos will be replaced by forceful tentacle hentai all of your family photos are going to be replaced with pepes that become more and more racist as time goes on oh and also your webcam will permanently live stream to live league so watch out for chinese truck drivers and off-duty brazilian police officers now i don't want to hear any of you wondering why is this happening all of a sudden oh woe ways me why does something like this have to happen to me no you've been warned for years and years about the dangers of proprietary software and yet you did nothing richard stallman went out of his way to make speeches at college campuses all across the world even doing some in spanish so that he can reach a wider audience in going days without a proper meal this man had to subsist on nutrients from the bottom of his foot and yet you still did nothing edward snowden revealed that bioluminescent government agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of reddit all under the guise of stopping terrorism and he had to flee the united states and go live in a russian airport bathroom and yet you continued on using windows purchasing a new copy every few years making bill gates a grillionaire in the process so that he could get to his end goal of injecting windows updates directly into the bloodstream of every person in the world in newborn babies and yet you kept on using windows even though each new version removed more and more of your rights and became more and more bloated but now 4chan the hacker has taken it to the extreme you will no longer be using your operating system it will use you it will require a minimum of 2 terabytes of ram and a quantum cpu just to load up the crypto miner that's going to be required to boot your operating system now alternatively i have heard directly from the hacker known as 4chan that for one bitcoin you can purchase a subscription of windows xp yotsuba edition which will have most of the restrictions removed however your wallpaper will still be set to a lewd vaguely underage anime girl and your browser's homepage will be permanently set to 4channel.org uh also microsoft word is going to repl be replaced with vem so good luck doing your homework on there hopefully you know how to quit out of it you have been warned now go install gen 2 or suffer the consequences or like i said sell all of your electronics and go be amish because the amish don't get computer viruses
submitted by mirak97 to copypasta [link] [comments]

This is a public service announcement to anyone who's foolish enough to still be using windows

This is a public service announcement to anyone who's foolish enough to still be using windows 10, windows 8, windows 7, vista, and also windows xp. your operating system is now fully compromised, and no, this isn't the same as indian scammers trying to hold your data hostage for google play cards or pictures of bobs and vagene or the cia backdooring your operating system so that they can spy on you it is far worse then that the international hacker known as 4chan has successfuly reverse engineered your operating system they know the sorce code, they've observed all of windows xp's vulnerabilities which means they know the vulnerabilities of all windows operating systems that have come after it because let's face it ever since windows xp all microsoft has really done is create some new themes for your desktop and add more spyware to windows and also forcefully push out updates, and things are about to get even worse, you thought viruses like wannacry caused a lot of damage? that's childsplay. the viruses of old were created by much less skilled hackers that didn't even have the source code of your operating system but now microsoft's spaghetti code is out in the open everybody can see it and your computer is more screwed then an unchaperoned toddler on epstein's island dring a bill clinton visit your kernel is going down faster then a golden retriever at the atf's headquarters. now before you go into full panic mode and start freaking out there are some solutions for you to continue using your computer, my personal recommendation is to load up dban, completely remove any trace of windows, or any other proprietary bullshit operating system that came with your computer, and then install gentoo and use that for the rest of eternity to do your computing. if you can't figure out how to use gentoo then you have the option of using linux mint which is another approved gnu/linux operating system that is more noob friendly and kind of similar to windows in the layout just minus all the horrible bullcrap and spaghetti code that makes up windows. if you can't figure out how to use linux mint then you should just sell your computer, purchase a horse and buggy, and go be amish in a field somewhere because it's no longer safe for you to have a computer or really any electronic device for that matter. hopefully the many years of you beating off to cam girls will translate into good butter churning skills so you can earn a living as an amish person. if you fail to comply you are going to get updates forcefully pushed to your operating system which has been happening for a while now because let's face it, microsoft has never even heard of the word consent, but instead of these updates coming from microsoft themself, bill gates himself, they are going to be coming from the hacker known as 4chan and you will soon experience strange behavior in your operating system, internet explorer or microsoft edge or whatever the hell they're calling that crap these days will be replaced with pale moon or a similar furry browser. every day the wallpaper on your desktop is going to become an anime girl that is more and more lewd and vaguely underage as time goes on all of your home videos will be replaced by forceful tentacle hentai, all of your family photos are going to be replaced with pepes that become more and more racist as time goes on, oh and also your webcam will permanently live stream to liveleak so watch out for chinese truck drivers and off-duty brazzilian police officers. now i don't want to hear any of you wondering all of a sudden oh woe is me why does something like this have to happen to me no you've been warned for years and years about the dangers of proprietary software and yet you did nothing, richard stallman went out of his way to make speeches at college campuses all across the world even doing some in spanish so that he can reach a wider audience and going days without a proper meal this man had to subsist on nutrients from the bottom of his foot and yet you did nothing, edward snowden revealed that bioluminescent goverment agents were living in your computer watching you watch cam girls and browse old memes that washed up on the shores of reddit all under the guise of stopping terrorism and had to flee the united states and go live in a russian airport bathroom and yet you continued using windows purchasing a new copy every few years making bill gates a gorillianare in the process so that he could get ot his end goal of injecting windows updates directly into the bloodstream of every person in the world and newborn babies and yet you kept on using windows even though each new version removed more and more of your rights and became more and more bloated but now 4chan, the hacker, has taken it to the extreme. you will no longer be using your operating system it will se you, it will require a minimum of 2 terabytes of ram and a quantum cpu just to load up the crypto miner that's going to be required to boot your operating system. now alternatively i have heard directly from the hacker known as 4chan that for one bitcoin you can purchase a subscription of windows xp yotsuba edition which will have most of the restrictions removed however your wallpaper will still be set to a lewd vaguely underage anime girl and your browser will be permanently set to 4channel.org, uh, also microsoft word is going to be replaced with vim so good luck doing your homework on there hopefully you know how to quit out of it. you have been warned now go install gentoo or suffer the consequences or like i said sell all your electronics and go be amish because the amish don't get computer viruses
submitted by josephkeen0 to teenagers [link] [comments]

Quantum Resistance

Before jumping to conclusions about this post, know that I am not looking to spread any FUD but rather am trying to understand a forthcoming risk and potential solutions from an unbiased standpoint. My research has not yielded any definitive answer so I am turning here to seek direction from those more knowledgable than me.
--
When it comes to predicting quantum computing's ability to break Bitcoin cryptographically, I've seen estimates as small as two years and as large as 25 years. Either way, it is easily conceivable that quantum processors will improve to the point of threatening Bitcoin as a reliable form of currency and store of value.
One way to prevent vulnerability to quantum threats is by storing Bitcoin in an address that has only ever received Bitcoin and never sent it. Although, this is an unrealistic mitigant for an asset/currency that is intended to be bought and sold, for all trust will be lost in the network once quantum computing becomes powerful enough to hack Bitcoin. Nobody will place any value in a currency that can be hacked by sending a transaction.
Another argument I've seen is that once quantum computing is strong enough to hack Bitcoin's cryptography, Bitcoin will be a non-factor compared to the other digital security breakdowns that will have transpired. For example, nuclear codes, bank accounts, digital privacy, etc. However, those centralized networks will have the ability to preemptively update their internal security to the standard required in a quantum computing world. In a similar manner, cryptocurrency and blockchain as a whole will survive such transition via improved cryptography.
But when it comes to Bitcoin specifically, will it be possible to generate consensus among the miners to switch to a quantum resistant protocol? My research has found conflicting perspectives - one side being that in order to upgrade Bitcoin's security, it would require manual movement of coins to a new address by all users, and a burning of the coins that did not move after a "sufficient" amount of time. Burning one's assets would undoubtedly not hold in a court of law. Even if we are still several years away, an unsolvable existential threat on the horizon would be priced into the value of Bitcoin and drive it down to zero.
With that being said, are there any feasible solutions to bring Bitcoin to quantum resistance? How can Bitcoin survive this threat in the long run? What is being done currently to resolve such problem?
submitted by fuegoblue to Bitcoin [link] [comments]

Technical: Taproot: Why Activate?

This is a follow-up on https://old.reddit.com/Bitcoin/comments/hqzp14/technical_the_path_to_taproot_activation/
Taproot! Everybody wants it!! But... you might ask yourself: sure, everybody else wants it, but why would I, sovereign Bitcoin HODLer, want it? Surely I can be better than everybody else because I swapped XXX fiat for Bitcoin unlike all those nocoiners?
And it is important for you to know the reasons why you, o sovereign Bitcoiner, would want Taproot activated. After all, your nodes (or the nodes your wallets use, which if you are SPV, you hopefully can pester to your wallet vendoimplementor about) need to be upgraded in order for Taproot activation to actually succeed instead of becoming a hot sticky mess.
First, let's consider some principles of Bitcoin.
I'm sure most of us here would agree that the above are very important principles of Bitcoin and that these are principles we would not be willing to remove. If anything, we would want those principles strengthened (especially the last one, financial privacy, which current Bitcoin is only sporadically strong with: you can get privacy, it just requires effort to do so).
So, how does Taproot affect those principles?

Taproot and Your /Coins

Most HODLers probably HODL their coins in singlesig addresses. Sadly, switching to Taproot would do very little for you (it gives a mild discount at spend time, at the cost of a mild increase in fee at receive time (paid by whoever sends to you, so if it's a self-send from a P2PKH or bech32 address, you pay for this); mostly a wash).
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash, so the Taproot output spends 12 bytes more; spending from a P2WPKH requires revealing a 32-byte public key later, which is not needed with Taproot, and Taproot signatures are about 9 bytes smaller than P2WPKH signatures, but the 32 bytes plus 9 bytes is divided by 4 because of the witness discount, so it saves about 11 bytes; mostly a wash, it increases blockweight by about 1 virtual byte, 4 weight for each Taproot-output-input, compared to P2WPKH-output-input).
However, as your HODLings grow in value, you might start wondering if multisignature k-of-n setups might be better for the security of your savings. And it is in multisignature that Taproot starts to give benefits!
Taproot switches to using Schnorr signing scheme. Schnorr makes key aggregation -- constructing a single public key from multiple public keys -- almost as trivial as adding numbers together. "Almost" because it involves some fairly advanced math instead of simple boring number adding, but hey when was the last time you added up your grocery list prices by hand huh?
With current P2SH and P2WSH multisignature schemes, if you have a 2-of-3 setup, then to spend, you need to provide two different signatures from two different public keys. With Taproot, you can create, using special moon math, a single public key that represents your 2-of-3 setup. Then you just put two of your devices together, have them communicate to each other (this can be done airgapped, in theory, by sending QR codes: the software to do this is not even being built yet, but that's because Taproot hasn't activated yet!), and they will make a single signature to authorize any spend from your 2-of-3 address. That's 73 witness bytes -- 18.25 virtual bytes -- of signatures you save!
And if you decide that your current setup with 1-of-1 P2PKH / P2WPKH addresses is just fine as-is: well, that's the whole point of a softfork: backwards-compatibility; you can receive from Taproot users just fine, and once your wallet is updated for Taproot-sending support, you can send to Taproot users just fine as well!
(P2WPKH and P2WSH -- SegWit v0 -- addresses start with bc1q; Taproot -- SegWit v1 --- addresses start with bc1p, in case you wanted to know the difference; in bech32 q is 0, p is 1)
Now how about HODLers who keep all, or some, of their coins on custodial services? Well, any custodial service worth its salt would be doing at least 2-of-3, or probably something even bigger, like 11-of-15. So your custodial service, if it switched to using Taproot internally, could save a lot more (imagine an 11-of-15 getting reduced from 11 signatures to just 1!), which --- we can only hope! --- should translate to lower fees and better customer service from your custodial service!
So I think we can say, very accurately, that the Bitcoin principle --- that YOU are in control of your money --- can only be helped by Taproot (if you are doing multisignature), and, because P2PKH and P2WPKH remain validly-usable addresses in a Taproot future, will not be harmed by Taproot. Its benefit to this principle might be small (it mostly only benefits multisignature users) but since it has no drawbacks with this (i.e. singlesig users can continue to use P2WPKH and P2PKH still) this is still a nice, tidy win!
(even singlesig users get a minor benefit, in that multisig users will now reduce their blockchain space footprint, so that fees can be kept low for everybody; so for example even if you have your single set of private keys engraved on titanium plates sealed in an airtight box stored in a safe buried in a desert protected by angry nomads riding giant sandworms because you're the frickin' Kwisatz Haderach, you still gain some benefit from Taproot)
And here's the important part: if P2PKH/P2WPKH is working perfectly fine with you and you decide to never use Taproot yourself, Taproot will not affect you detrimentally. First do no harm!

Taproot and Your Contracts

No one is an island, no one lives alone. Give and you shall receive. You know: by trading with other people, you can gain expertise in some obscure little necessity of the world (and greatly increase your productivity in that little field), and then trade the products of your expertise for necessities other people have created, all of you thereby gaining gains from trade.
So, contracts, which are basically enforceable agreements that facilitate trading with people who you do not personally know and therefore might not trust.
Let's start with a simple example. You want to buy some gewgaws from somebody. But you don't know them personally. The seller wants the money, you want their gewgaws, but because of the lack of trust (you don't know them!! what if they're scammers??) neither of you can benefit from gains from trade.
However, suppose both of you know of some entity that both of you trust. That entity can act as a trusted escrow. The entity provides you security: this enables the trade, allowing both of you to get gains from trade.
In Bitcoin-land, this can be implemented as a 2-of-3 multisignature. The three signatories in the multisgnature would be you, the gewgaw seller, and the escrow. You put the payment for the gewgaws into this 2-of-3 multisignature address.
Now, suppose it turns out neither of you are scammers (whaaaat!). You receive the gewgaws just fine and you're willing to pay up for them. Then you and the gewgaw seller just sign a transaction --- you and the gewgaw seller are 2, sufficient to trigger the 2-of-3 --- that spends from the 2-of-3 address to a singlesig the gewgaw seller wants (or whatever address the gewgaw seller wants).
But suppose some problem arises. The seller gave you gawgews instead of gewgaws. Or you decided to keep the gewgaws but not sign the transaction to release the funds to the seller. In either case, the escrow is notified, and if it can sign with you to refund the funds back to you (if the seller was a scammer) or it can sign with the seller to forward the funds to the seller (if you were a scammer).
Taproot helps with this: like mentioned above, it allows multisignature setups to produce only one signature, reducing blockchain space usage, and thus making contracts --- which require multiple people, by definition, you don't make contracts with yourself --- is made cheaper (which we hope enables more of these setups to happen for more gains from trade for everyone, also, moon and lambos).
(technology-wise, it's easier to make an n-of-n than a k-of-n, making a k-of-n would require a complex setup involving a long ritual with many communication rounds between the n participants, but an n-of-n can be done trivially with some moon math. You can, however, make what is effectively a 2-of-3 by using a three-branch SCRIPT: either 2-of-2 of you and seller, OR 2-of-2 of you and escrow, OR 2-of-2 of escrow and seller. Fortunately, Taproot adds a facility to embed a SCRIPT inside a public key, so you can have a 2-of-2 Taprooted address (between you and seller) with a SCRIPT branch that can instead be spent with 2-of-2 (you + escrow) OR 2-of-2 (seller + escrow), which implements the three-branched SCRIPT above. If neither of you are scammers (hopefully the common case) then you both sign using your keys and never have to contact the escrow, since you are just using the escrow public key without coordinating with them (because n-of-n is trivial but k-of-n requires setup with communication rounds), so in the "best case" where both of you are honest traders, you also get a privacy boost, in that the escrow never learns you have been trading on gewgaws, I mean ewww, gawgews are much better than gewgaws and therefore I now judge you for being a gewgaw enthusiast, you filthy gewgawer).

Taproot and Your Contracts, Part 2: Cryptographic Boogaloo

Now suppose you want to buy some data instead of things. For example, maybe you have some closed-source software in trial mode installed, and want to pay the developer for the full version. You want to pay for an activation code.
This can be done, today, by using an HTLC. The developer tells you the hash of the activation code. You pay to an HTLC, paying out to the developer if it reveals the preimage (the activation code), or refunding the money back to you after a pre-agreed timeout. If the developer claims the funds, it has to reveal the preimage, which is the activation code, and you can now activate your software. If the developer does not claim the funds by the timeout, you get refunded.
And you can do that, with HTLCs, today.
Of course, HTLCs do have problems:
Fortunately, with Schnorr (which is enabled by Taproot), we can now use the Scriptless Script constuction by Andrew Poelstra. This Scriptless Script allows a new construction, the PTLC or Pointlocked Timelocked Contract. Instead of hashes and preimages, just replace "hash" with "point" and "preimage" with "scalar".
Or as you might know them: "point" is really "public key" and "scalar" is really a "private key". What a PTLC does is that, given a particular public key, the pointlocked branch can be spent only if the spender reveals the private key of the given public key to you.
Another nice thing with PTLCs is that they are deniable. What appears onchain is just a single 2-of-2 signature between you and the developemanufacturer. It's like a magic trick. This signature has no special watermarks, it's a perfectly normal signature (the pledge). However, from this signature, plus some datta given to you by the developemanufacturer (known as the adaptor signature) you can derive the private key of a particular public key you both agree on (the turn). Anyone scraping the blockchain will just see signatures that look just like every other signature, and as long as nobody manages to hack you and get a copy of the adaptor signature or the private key, they cannot get the private key behind the public key (point) that the pointlocked branch needs (the prestige).
(Just to be clear, the public key you are getting the private key from, is distinct from the public key that the developemanufacturer will use for its funds. The activation key is different from the developer's onchain Bitcoin key, and it is the activation key whose private key you will be learning, not the developer's/manufacturer's onchain Bitcoin key).
So:
Taproot lets PTLCs exist onchain because they enable Schnorr, which is a requirement of PTLCs / Scriptless Script.
(technology-wise, take note that Scriptless Script works only for the "pointlocked" branch of the contract; you need normal Script, or a pre-signed nLockTimed transaction, for the "timelocked" branch. Since Taproot can embed a script, you can have the Taproot pubkey be a 2-of-2 to implement the Scriptless Script "pointlocked" branch, then have a hidden script that lets you recover the funds with an OP_CHECKLOCKTIMEVERIFY after the timeout if the seller does not claim the funds.)

Quantum Quibbles!

Now if you were really paying attention, you might have noticed this parenthetical:
(technical details: a Taproot output is 1 version byte + 32 byte public key, while a P2WPKH (bech32 singlesig) output is 1 version byte + 20 byte public key hash...)
So wait, Taproot uses raw 32-byte public keys, and not public key hashes? Isn't that more quantum-vulnerable??
Well, in theory yes. In practice, they probably are not.
It's not that hashes can be broken by quantum computes --- they're still not. Instead, you have to look at how you spend from a P2WPKH/P2PKH pay-to-public-key-hash.
When you spend from a P2PKH / P2WPKH, you have to reveal the public key. Then Bitcoin hashes it and checks if this matches with the public-key-hash, and only then actually validates the signature for that public key.
So an unconfirmed transaction, floating in the mempools of nodes globally, will show, in plain sight for everyone to see, your public key.
(public keys should be public, that's why they're called public keys, LOL)
And if quantum computers are fast enough to be of concern, then they are probably fast enough that, in the several minutes to several hours from broadcast to confirmation, they have already cracked the public key that is openly broadcast with your transaction. The owner of the quantum computer can now replace your unconfirmed transaction with one that pays the funds to itself. Even if you did not opt-in RBF, miners are still incentivized to support RBF on RBF-disabled transactions.
So the extra hash is not as significant a protection against quantum computers as you might think. Instead, the extra hash-and-compare needed is just extra validation effort.
Further, if you have ever, in the past, spent from the address, then there exists already a transaction indelibly stored on the blockchain, openly displaying the public key from which quantum computers can derive the private key. So those are still vulnerable to quantum computers.
For the most part, the cryptographers behind Taproot (and Bitcoin Core) are of the opinion that quantum computers capable of cracking Bitcoin pubkeys are unlikely to appear within a decade or two.
So:
For now, the homomorphic and linear properties of elliptic curve cryptography provide a lot of benefits --- particularly the linearity property is what enables Scriptless Script and simple multisignature (i.e. multisignatures that are just 1 signature onchain). So it might be a good idea to take advantage of them now while we are still fairly safe against quantum computers. It seems likely that quantum-safe signature schemes are nonlinear (thus losing these advantages).

Summary

I Wanna Be The Taprooter!

So, do you want to help activate Taproot? Here's what you, mister sovereign Bitcoin HODLer, can do!

But I Hate Taproot!!

That's fine!

Discussions About Taproot Activation

submitted by almkglor to Bitcoin [link] [comments]

Private key mining problem

It's not a secret anymore that people are trying to mine private keys.
Even if chances are astronomically low to find the right key, there is a chance. With a graphic card mining rig, a miner, with an investment of a few hundred $, can produce more than 300MH/s. Now imagine if someone is dedicating even more resources to find a private key.
As I said, chances are low to achieve that. That's the beauty of mathematics. But there is a chance, and right now, people are trying to do so.
There should be a way to prevent such behavior.
I was thinking of a solution to this problem:
A wallet should have a "wallet token/coin". When a user wants to make a transaction, let's say with Bitcoin, at first, it would need to make a transaction using the "wallet token". The "wallet token" has a private key of its own. The private key is a hash generated using a username, password, pin, and timestamp. The transaction would be automatically directed to the connected node if it's not specified differently. This transaction would produce a tx id. Just as now, when the user wants to make the Bitcoin transaction, the user would need to insert his private key. In this case, besides the private key, the wallet would ask for the tx id done with the "wallet token". Those two hashes would produce a unique, more extended, and one-time use, private key. This last private key would enable the wanted transaction.
The private key miner would need to make countless transactions before even being able to find out if he got the right private key. Economically, it would not be profitable, unlike now, when he can effortlessly guess and try if the private key "fits" until it succeds.
The "wallet token" would be created with some of these mechanisms:
  1. Proof of work - mining like BTC
  2. Proof of ownership - every wallet would produce small amounts of tokens over time.
  3. Proof of transaction - Every transaction you do, you generate a new token for future transactions.
This is not a light and user-friendly solution. Its sole purpose is enhanced security.
PS
I'm not a techy guy. I don't know if this would require a completely new blockchain or it could be implemented in already existing wallets, coins, and protocols.
Even if enormous numbers are reliable enough to keep our cryptocurrencies safe, faster and more efficient computers are being built every day. At this rate of progress, it not hard to imagine a super ASIC that could be able to mine a private key if left a few years to do its job. Not to mention the threat that quantum computers represent.
I hope this will open a discussion in the crypto community to find the best solution to this problem. Or at least someone could explain why this is not an option or is a bad idea.
Thank you Satoshi!
submitted by BlueBloodStrawberry to SatoshisPhilosophy [link] [comments]

Is quantum computing a real threat to Bitcoin?

I often see articles such as this one saying that the computational power of a quantum computer could be so powerful that it could quickly control the blockchain.
I don't pretend to understand how quantum computing works or even fully understand how the blockchain works. My counter arguments to the threat of quantum computing are as follows: 1. Quantum computing means quantum security - Hacking and security is a constant cat and mouse game. One side doesn't make all the advancements, they build off each other. 2. Even if security doesn't keep up with quantum computers ability to decrypt, then wouldn't banks and businesses be even more vulnerable to attack than bitcoin? If the computer is so powerful as to take over the Bitcoin network, couldn't it brute force itself into anything? 3. Is this built on the assumption that there will be just one quantum computer? If all miners start using quantum technology then it becomes impossible for a single user to take over the network right? The threat only exists if the first quantum computer is built and for whatever reason they want to use that power to destroy Bitcoin?
Like I said, this stuff is mostly beyond me. Is my logic sound? Or is something going over my head here?
submitted by Cramson_Sconefield to Bitcoin [link] [comments]

Craig Wright plan on stealing old wallet balances (and "burned" coins) on BSV, and calls them "sunken treasure". I think this is how he will "recover" Satoshi's coins

In a step that goes beyond a level in insanity that I ever thought possible, Craig recently stated that he plans on stealing all of the coins that have been burned via OP_FALSE, as well as all the coins that have been "lost" in old wallet balances.
https://medium.com/@craig_10243/fixing-op-fals-fd157899d2b7
Here is the relevant quote:
" When a private key is lost, it is merely out of circulation. It may be many years, but all old addresses eventually become mine-able and can be recovered.
Returning “lost” money into circulation is a future means of miner revenue and analogous to salvage firms who seek lost bullion on ships that have sunk in the sea."
Or in other words, he plans on "returning", ie stealing, all of the money that is contained within old bitcoin addresses, at least on the SV chain.
submitted by stale2000 to btc [link] [comments]

What questions do you have about Blockchains and Cryptocurrency?

Hello CryptoCurrency, I hope you are all having an awesome Tuesday. I have come here to post a thread where you can ask any question you may have about blockchains or cryptocurrency and have it answered by an expert (full stack developer with over 5 years of blockchain/cryptocurrency experience).
I run Blockteq, an organization dedicated to providing free education on the topics of Bitcoin, Blockchains, and Cryptocurrency and just thought this might be a good place to go to see what all you fellow community members are curious about.
So, without further adieu, what do you want to know? What about crypto is feeling cryptic to you right now? There are no dumb questions, so whether you are a beginner or a seasoned veteran let those questions rip! I will do my best to answer them, and may even make a video response if the question warrants it.
If you want to learn more about cryptocurrency through blockteq, check out our free educational resources at blockteq.com or follow us on IG and Twitter @blockteq . I am excited to hear what questions you all have!

EDIT: Thanks for all the awesome questions!! They are all so great and deserve equally great and detailed responses. I will pop back in in the morning and do them all justice. For those of you just seeing this thread, keep em coming, I will answer them all!
submitted by blockteq to CryptoCurrency [link] [comments]

Satoshi Nakamoto - "Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."

"Lost coins only make everyone else's coins worth slightly more. Think of it as a donation to everyone."
He will never ever touch them for sure :)
submitted by momoax to Bitcoin [link] [comments]

Will Quantum Computing Destroy Bitcoin? 3 MILLION BITCOIN IN 2 SECONDS: GOOGLE QUANTUM COMPUTER  $1,000 BTC Price Analysis Can Quantum Computers Hack Bitcoin / Ethereum? - YouTube Quantum threat to Bitcoin and Ethereum  Programmer explains New quantum computer miner with using multiverse for Bitcoin mining.

Quantum computing is typically feared due to its potential to render bitcoin obsolete by cracking its cryptographically secured public keys. However, one analyst alleges that there may be a much simpler way to do it: by beating bitcoin at its own game. Bitcoin and quantum computing Louis Tessler2,6 and Tim Byrnes1,2,3,4,5 1 State Key Laboratory of Precision Spectroscopy, School of Physical and Material Sciences, East China Normal University, Shanghai 200062, China 2 New York University Shanghai, 1555 Century Ave, Pudong, Shanghai 200122, China 3 NYU-ECNU Institute of Physics at NYU Shanghai, 3663 Zhongshan Road North, Shanghai 200062, China ... Read news and updates about QUANTUM and all related bitcoin & cryptocurrency news. Displaying items 1 - 15 of 15 . Ethereum Will Have a Quantum-proof Wallet in the Form of EnQlave. 05/21/2020 - 18:00. Quantum (QRL) is Another Project that has Forked to RandomX . 04/15/2020 - 18:14. Why Quantum Computing’s Threat to Crypto May Be Further out Than Previously Thought. 12/22/2019 - 11:15. Is ... Through the sheer speed of computation, a quantum computer could overwhelm the rest of the miner nodes on the Bitcoin network and attain at least 51 percent of the network’s hash rate. This second method could also be achieved by a single powerful miner, acquiring most (51% of the network). It is important to note that not a single attack which happened was a result of a weak point inside ... But there is one opportunity for quantum computing. Touching the Bitcoin network would almost certainly be a touch of death. Even if a quantum computer mined merely 2016 blocks, in theory this would raise the difficulty so high that regular mining equipment would take an impossibly long time to create another 2016 blocks and reduce difficulty. In a recent Q&A, Andreas Antonopolous also ...

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Will Quantum Computing Destroy Bitcoin?

New quantum computer miner with using multiverse for Bitcoin mining. If you want know how it work, use me pool for mining https://zmining.in.ua/ PS:music Fringe - Theme. Can the Google Quantum Computer Hack Bitcoin? Trade Genius Stock Market News. Loading... Unsubscribe from Trade Genius Stock Market News? Cancel Unsubscribe. Working... Subscribe Subscribed ... The Most SHOCKING Interview You’ll Hear In 2020! - Robert Kiyosaki, Kim Kiyosaki, and Marin Katusa - Duration: 36:41. The Rich Dad Channel 239,533 views “The problem isn’t really Bitcoin. If we get quantum computers that can do thousands of qubits without a correction and consistent results, we have a much bigger problem. The bigger problem we ... Quantum computers are coming online this year - and they might pose a threat to bitcoin, ethereum, and even modern cryptography. Find out what they can do an...

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