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> Yup, like Bitcoin going to zero. If the encryption on Bitcoin is broken, say goodbye to the banking system.
by sekai 2y ago
> Yup, like Bitcoin going to zero.
If the encryption on Bitcoin is broken, say goodbye to the banking system.
- nadahalli 2y ago[pedantic hat on] Bitcoin doesn't use encryption. You mean digital signatures - and yes, we use signatures everywhere in public key cryptography.
- socks 2y agonot really. banking systems have firewalls and access controls. quantum computations would be useless.
- webXL 2y agoThose don't really mean anything when an attacker can eavesdrop on customer and employee comms and possibly redirect transactions (MITM).
- kelnos 2y agoBanking communications and transactions will all be protected by quantum-resistant protocols and ciphers well before that will become a problem. Most of these already exist, and some of them can even be deployed.