RE: Are Quantum Resistance Blockchains About To Boom?
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I wonder how something like Monero would do... It would take a while before the SHA256 would be cracked, I am thinking more along that 10 year mark, but I assume it would be possible. My thing is, how many of these chips are going to be out there and would there be enough to be able to attack BTC, being it is the biggest network? I don't know, but it is something that has always been a concern of mine since I entered the space. It's only a matter of time I guess.
I can tell you this, I know that the Core devs would have to get off their ass and actually do something if they want to protect their fortunes, if not, then it will go to zero.
Stuff like this is why I still go into silver and eventually into gold when the ratio is right. Well that and bullets, lol. You can never have enough of those, lol.
With the way a quantum computer works it would be nearly instant for the crack to take place or a few minutes. Plus it depends on how large (many) quantum's there were and how long they could stay in that state.
Yeah, some people way smarter than I need to be trying to come up with a solution for that. But at the same time, they could be just trying to FUD to get people to dump their crypto so they can pick it up cheaper, so I don't know, lol. Guess only time will tell.