RE: STEEM Sink #2: Resource Credit Pool by raycoms

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Viewing a response to: @taskmaster4450/re-yogajill-pye1xy

steemleo · @raycoms · Sep 25 '19

Yeah, as far as I know we're at least 10 years away from having quantum computers which are powerful enough to crack any modern cryptography and Universities are already going strong in terms of quantum proof encryption. At my university there is for example a team working on converting a company blockchain to be quantum proof.

More difficult than finding quantum proof algorithms, I believe, will be fixing existing chains. Imagine, all bitcoins which are in "lost wallets" could become accessible even if all the active wallets are converted to the new encryption system.

👍 taskmaster4450pa, taskmaster4450le

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@ackza · Sep 27 '19

im renaming you RAY CORNS

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@taskmaster4450 · Sep 25 '19

Somewhere between 3-5 million BTC open for the taking under the scenario you mention.

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@raycoms · Sep 25 '19

Yeah, as far as I know that'd be a problem. I don't much more about it though, didn't follow up on their research

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@steemstreems · Sep 26 '19

Or maybe it would help those of us idiots who have BTC on old hard drives, but can't remember the passwords to recover them :-)

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