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03-15 17:13 - 'The day the banks got a quantum computer.' (self.Bitcoin) by /u/Serialnvestor removed from /r/Bitcoin within 11-21min

the day was like any other. I got up, got dressed, showered and then I went to work. I checked the btc price as I booted up my laptop and went to write a bit of angular code for an antiquated page that wouldn't work without angular.
I sighed. I went to check the btc balance... and wtf. That couldn't be right. There was simply no trading activity on bittrex. That was confusing. Bittrex was down, binance was not allowing logins, kucoin was saying that btc was "suspended" Well that was not good. I went to my old coinbase account, and tried to buy bitcoin. Coinbase wasn't selling. Gdax trading had stopped.
Well... shit. Time to look at the blockchain itself. I popped open block explorer, and I was horrified. There were millions of transactions that had all been triggered. The mempool was swamped. And every single transaction was sending the entire contents of their wallet to one of the btc eater addresses. The entire money supply of bitcoin had been... burned.
I sat back in horror. I searched the blockchain for my wallet. My measly hoard of 10.5 btc had also been burned. I now had... no money. This.... was bad.
I told my boss I was feeling ill, went to my bank, got my private key, booted up my bitcoin core wallet and looked at my balance. 0btc. This was... pretty terrible.
I turned on the television a month later. Apparently, wells fargo had bought a supercomputer from the nsa, because the nsa was broke, because their director had gotten into a fight with trump in 2021 over russian soldiers on us soil, and trump had gotten their funding reduced to zero dollars. So they had sold a quantum computer to wells fargo. Wells fargo had turned around and used that supercomputer to calculate the private keys of every bitcoin wallet in existence and then.... shut the network down. Burned it with fire. Boom. Gone.
They had gone through not just bitcoin but through thousands of alt coins.
There were only a few surviving cryptocurrencies that had survived the fiery attack by the banksters. Those were the quantum immune cryptocurrencies. They had changed their PoW algorithm, or they signed their addresses differently, or they used one time signatures.
There were congressional hearings, and several people went to jail, wells fargo disavowed use of a quantum device to destroy bitcoin but they were found out.
That was the day that bitcoin had a fork to bitcoin-q. It was a non contentious fork, but that was only the beginning of bitcoin's woes. People had lost faith in btc, and another crypto had risen to take its place in marketcap and individual coin price. It had been a small and insignificant alt before the quantum attack. It had been worth less than $5 before the quantum hack. Now, it was worth well over $5000 (in rubles). It had STOLEN btc's value.
And that all happened because on a forum post in 2018, 3 years before the btc hack went down, a lone cryptographer on the btc forums on reddit who was yelling at other redditors about the need for a quantum secure blockchain protocol had been ignored and the users had gone on without realizing the absolute horrifying quantum danger the good ship btc was sailing into...
We need to implement quantum secure wallets or some other method to prevent quantum attacks. This needs to have happened yesterday, because soon a quantum computer will emerge. And then a malicious person will get their hands on it. And they will use the quantum computer to steal bitcoin, burn the system down, or launch 51% attacks. Quantum is an emerging threat that can kill bitcoin in an instant if we don't fix the quantum loopholes in the blockchain's armor. So get off your thumbs, tweet to the devs, write proposals, write code and lets get to work implementing a patch of some sort.
The day the banks got a quantum computer.
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Author: Serialnvestor
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3 MILLION BITCOIN IN 2 SECONDS: GOOGLE QUANTUM COMPUTER  $1,000 BTC Price Analysis Bitcoin and Quantum Computing  Are Quantum Computers a Threat to Bitcoin ? Quantum Computing  The Biggest Threat to Bitcoin?? (Must Watch) Crypto News  Elon Musk Owns Bitcoin? Microsoft Quantum Computers To Kill Crypto Space In 5 Years? Quantum Computing 2019: Will Quantum Computers Break Bitcoin?! Bitcoin vs Quantencomputer / Wie sicher sind Kryptowährungen? Crypto News - Binance Hack and Bitcoin Over $6000. Where will we go from here? COMPUTER QUANTISTICO E LA FINE DEL BITCOIN Quantum Computing - Is Bitcoin In Danger? Binance hacked! 7000 BTC Stolen

Ripple’s CTO, David Schwartz, believes that quantum computer systems shall be a risk to the safety of Bitcoin, XRP and different cryptocurrencies. Schwartz predicts that quantum computer systems will begin to develop into an issue inside the subsequent 10 years. NSA Working To Develop Quantum-Resistant Cryptocurrency: Report (#GotBitcoin?) The United States’ National Security Agency (NSA) is allegedly working to develop a quantum-resistant cryptocurrency. The claim was made in a tweet by Bloomberg Technology reporter William Turton on Sept. 4, who was in attendance at the Billington CyberSecurity 10th annual summit in Washington D.C. The decentralized exchange (dex) built on Ethereum, Uniswap has accumulated a whopping $2 billion in total value locked (TVL) this week. Tuesday’s data shows out of all the dece Klassische Computer sind Digitalrechner, die Informationen über Nullen und Einsen verarbeiten. Ein Bit kann entweder 0 oder 1 sein. Komplexere Information wird über mehr Bits, Verarbeitung derselben über logische Schaltungen realisiert. Beispielsweise ergibt eine UND-Schaltung eine 1 nur dann, wenn über beide Eingänge eine 1 gesendet wird. Für eine UND-Verknüpfung ergeben sich also vier ... The NSA has been trying to build a quantum computer for a while now, and it’s no secret they are trying to crack all forms of the internet’s security. According to revelations told by former NSA employee Edward Snowden the intention to build a machine that cracks modern day cryptography is very real. So far the largest number factored by a quantum computer is 143 but Snowden says the ... Bitcoin mining is the process of adding transaction records to Bitcoin’s public ledger and it ensures that no amount of Bitcoin can be spent twice (i.e The double spend problem). Bitcoin miners help keep the Bitcoin network secure by approving transactions and monitoring the network and are rewarded for their services with Bitcoin block rewards. Posted in r/CryptoCurrency by u/Mquantum • 14 points and 49 comments If one tries to cross the borders with 1 KG gold ($50K in value) – they could face a lot of hardship, penalties, customs duties and so on. And in some cases, have their gold seized without reason, as DEA did to this woman who was carrying her dad’s retirement savings (and she wasn’t even crossing the border!). 4. Limited in supply: The biggest factor that works in the favor of bitcoin is ... The CTO at Ripple, David Schwartz has stated the reason why quantum computing is a risk to the future of Bitcoin, XRP, and cryptocurrencies at large. David Schwartz shared this thought on the Modern CTO Podcast. There, he stated that the cryptographic algorithms that secure digital currencies such as Bitcoin (BTC), Ripple’s XRP, and others […]

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