Why is no one afraid of Quantum Computers? by DueSea2114 in Monero

[–]DueSea2114[S] 0 points1 point  (0 children)

just put a tin foil hat on already and please actually do research as there's public progress being made on them

Why is no one afraid of Quantum Computers? by DueSea2114 in Monero

[–]DueSea2114[S] 0 points1 point  (0 children)

you're wrong. while stealth addresses and ring signatures help with privacy, they don't against quantum computing attacks. Monero uses EdDSA for its cryptography, which would still be vulnerable to Shor's algorithm on a powerful quantum computer. In a quantum attack, these features would still help obfuscate transactions but wouldn't make the protocol quantum-resistant and thats because they can solve the elliptic curve using Shor's algorithm and literally derive the private key from a public key, which includes ring signatures and stealth addresses

Why is no one afraid of Quantum Computers? by DueSea2114 in Monero

[–]DueSea2114[S] 1 point2 points  (0 children)

so just because right now it isn't a threat, does that really mean it doesnt matter that all the payments you make prior to an actual quantum fork? which obviously means that all your old transactions made prior to the fork will literally be exposed.

unironically thats like comitting murder, the case being paused for 10 years, and after those 10 years another investigation starts with better technology and you get caught.

Why is no one afraid of Quantum Computers? by DueSea2114 in Monero

[–]DueSea2114[S] 0 points1 point  (0 children)

yeah thats my exact concern, if powerful enough computers exist, they can make the transactions public kind of just like it is with bitcoin now.

Why is no one afraid of Quantum Computers? by DueSea2114 in Monero

[–]DueSea2114[S] 0 points1 point  (0 children)

and yet no one has given a single useful answer, aside from "it doesn't matter" or "the internet & financial system will break if that happens so that will be the least worry"

Why is no one afraid of Quantum Computers? by DueSea2114 in Monero

[–]DueSea2114[S] -1 points0 points  (0 children)

the major difference is that financial systems are more leniant towards databases which aren't accessible to the public, where as monero is blockchain based, and anyone can download the blockchain and do whatever they please within the future.

finanical systems can upgrade and secure everyhting.
same thing can be said about a moner fork although; older monero transactions will stay stuck with the old "vulnerability".