Tela Network

Borges: What's your opinion, StJohn? StJohn Piano: If quantum computing can crack public keys, that means all modern banking systems have a really bad time. People always do the "quantum computing will be the end of Bitcoin" interpretative dance, but seem incapable of making the mental connection to the existing banking system, which also runs on cryptography. Some version of this story has been published regularly since Bitcoin began. A lot of it is clickbait: combine "quantum" and "Bitcoin" for maximum effect, with a side order of "haha Bitcoin is going to break you guys". There's definitely a scenario where quantum computing becomes a problem for Bitcoin. But focusing on Bitcoin here is remarkably shortsighted, because that scenario would be a nuclear wasteland for the rest of the financial and digital infrastructure as well.