Worst case scenario, my password is going to be about 24 characters long, and we’ll all be switching to 4096-bit encryption, right? Is this technology really go

Worst case scenario, my password is going to be about 24 characters long, and we’ll all be switching to 4096-bit encryption, right? Is this technology really going to functionally change encryption or is it just going to be like the switch to 64-bit computing, mostly a side-story?