Recently, as reports related to quantum computers have increased, public concerns about the security of bitcoin have also intensified. But is this topic really worth our close attention?
Quantum computers cracking bitcoin keys
It is believed that if quantum computers truly come into existence, they could not only crack bitcoin's encryption keys but theoretically could also break any password system globally based on letters, numbers, or character combinations. This means that sensitive information like bank keys, bank card balances, website login information, email accounts, and even corporate financial data, including nuclear weapon launch codes, could face the risk of being cracked.
Therefore, if there truly exists a quantum computer capable of cracking bitcoin keys, we should be more concerned about the threat it poses to global security, rather than just the security issues of bitcoin keys. So, we need not be overly anxious about the security of bitcoin.
We can consider whether the panic messages circulating in the market about quantum computers might be intentionally propagated by the media to facilitate market manipulation by certain large funds and institutions, a so-called 'market crash'? If you choose to panic sell due to these reports, you might fall into their trap. Therefore, when facing similar negative reports in the future, we should remain calm and avoid unnecessary panic.
Quantum computers are cracking Satoshi's wallet
When discussing the topic of quantum computers, we naturally think of Satoshi, the founder of bitcoin, especially considering the large amount of bitcoin held in his wallet. The P2PK (Pay to Public Key) technology used by Satoshi when creating the bitcoin wallet has lower security compared to the later P2PKH (Pay to Public Key Hash).
This has raised concerns that with the advent of quantum computers, Satoshi's wallet may be at risk of being cracked, threatening the security of the approximately 1 million bitcoins he holds.
In response to the potential threat quantum computers pose to Satoshi's bitcoin wallet, some suggest freezing Satoshi's wallet through BIP (Bitcoin Improvement Proposal) upgrades. However, this measure requires broad support from the bitcoin community, making it quite difficult to implement. Additionally, freezing Satoshi's wallet may violate the fairness and decentralization principles of bitcoin and go against its original intention. Therefore, whether to take freezing measures is a question that needs in-depth discussion.
Whenever there are panic reports about quantum computers and similar incidents in the market, it often triggers severe short-term fluctuations. However, these critical moments may actually be the best time for investors to seek bottom-fishing opportunities.
In summary, although quantum computers may pose a threat to bitcoin, the public need not worry excessively, as the development and practical application of quantum technology will still take a long time. Meanwhile, the bitcoin community and cryptocurrency market are continuously improving to address various challenges that may arise in the future.
What do you think about the potential impact of quantum computers on bitcoin security? How would you adjust your investment strategy when facing market panic news?