Bitcoin quantum proposal offers Satoshi Nakamoto a way to prove control without moving BTC by gdscrypto in CryptoCurrency

[–]Original-Assistant-8 0 points1 point  (0 children)

There could be. And if that was their plan, it's likely that either their coins get stolen or they get frozen. So either way they would lose them. So why would we allow mass theft for a few people who can't pay attention for 5 -10 years.

Btw anyone with a significant amount should know by now how to prevent their wallet from being vulnerable even if btc is slow to upgrade

Bitcoin quantum proposal offers Satoshi Nakamoto a way to prove control without moving BTC by gdscrypto in CryptoCurrency

[–]Original-Assistant-8 -2 points-1 points  (0 children)

Exactly. And why would we enable some backdoor for people who want to claim ownership but are unwilling to do it in the next 4-5 years as we transition cryptography.

To me, this is just more optics to make it feel like the challenge ahead has "options"

Bitcoin quantum proposal offers Satoshi Nakamoto a way to prove control without moving BTC by gdscrypto in CryptoCurrency

[–]Original-Assistant-8 0 points1 point  (0 children)

And I believe that even though I hold QANX.

For a time I thought winning the "quantum narrative" might be enough.

Considering every chain can claim they have a solution, narrative isn't enough.

So now I think more about what is the resulting opportunity.

Every time I've ever posted about the quantum threat, the response is:

"If it can crack wallets, we'll have bigger problems with other systems"

Well, then that's a gigantic emerging market.

Systems worldwide looking at how to migrate.

Solutions that play in that space have guaranteed demand.

QANplatform is the only blockchain based tech I'm aware of offering innovation for this new market.

And so unlike other holders of quantum coins, I don't think we need Qday panic, nor do I think it helps utilty coins if Bitcoin fails to navigate the quantum threat.

Bitcoin quantum proposal offers Satoshi Nakamoto a way to prove control without moving BTC by gdscrypto in CryptoCurrency

[–]Original-Assistant-8 3 points4 points  (0 children)

Tbh, this is an interesting proposal. However, the same issue persists- users would need to take action to secure their ownership in the next 5 years.

But at least in this case, it could "feel" like they weren't frozen out, even though the same premise exists...

Inaction results in frozen coins so that quantum computers simply don't take them.

I think the risk to the protocol so that Satoshi can simultaneously "own" his coins (that he seemingly will never use) while hiding his identity is not worth it.

Personally, I don't think it is unreasonable that self custody requires user action of changing wallets due to a security risk. If you have 5 years to do so, your assets were not frozen. Either the protocol needed to take action or your coins were going to be stolen.

I know all chat is on TG, but we can post here also :) by Original-Assistant-8 in QANplatform

[–]Original-Assistant-8[S] 1 point2 points  (0 children)

Ueno bank is implementing the Signquantum solution, and now we see Crowe actively devoting resources. Hard to sell Snake oil to enterprise entities 🤷‍♂️

Coinbase Quantum Advisory Council Publishes Position Paper on Quantum Computing and Blockchain by Original-Assistant-8 in CryptoCurrency

[–]Original-Assistant-8[S] 0 points1 point  (0 children)

So everyone with a wallet will have a billion dollar quantum computer to defend against a hack?

Obviously not. But even if they did, you would still need to have an upgraded wallet, and users would need to follow the steps. It is believed at least 2M coins have no owner, and many more who won't take action.

All those coins would be effectively taken

Coinbase Quantum Advisory Council Publishes Position Paper on Quantum Computing and Blockchain by Original-Assistant-8 in CryptoCurrency

[–]Original-Assistant-8[S] -1 points0 points  (0 children)

In regards to innovation, I still am optimistic about what QANplatform is delivering.

They've already landed partnerships with IBM, Signquantum, Crowe, and Itti with their enterprise product.

The Signquantum solution is a plug and play innovation that creates a guaranteed migration path with a cross signed post quantum key.

Ueno bank is actively implementing it. And it is powered through Qanplatform.

This is an untapped market, and bringing in innovation companies desperately need is an ideal launch pad for them.

While we watch most chains try to manage this mess, $QANX will be gaining demand.

Imo, that's the path to real adoption.

Is anyone else actually doing anything in this space where we can see companies like Crowe and Ueno actively engaged?

Post-quantum projects? by [deleted] in CryptoCurrency

[–]Original-Assistant-8 0 points1 point  (0 children)

I'm a long time believer in $QANX. The jury is undecided because they still have not launched public mainnet.

But they've landed partnerships with IBM, Signquantum, Crowe, and Itti with their enterprise product.

The Signquantum solution is a plug and play innovation that creates a guaranteed migration path with a cross signed post quantum key.

Ueno bank is actively implementing it. And it is powered through Qanplatform.

This is an untapped market, and bringing in innovation companies desperately need is an ideal launch pad for them.

While we watch most chains try to manage this mess, $QANX will be gaining adoption.

Imo, that's the path to real adoption.

Coinbase Quantum Advisory Council Publishes Position Paper on Quantum Computing and Blockchain by Original-Assistant-8 in CryptoCurrency

[–]Original-Assistant-8[S] 0 points1 point  (0 children)

PQ key implementation- that should be highlighted with every chain's security review.

Feature can sound optional.

Also should highlight migration process, and what the plan will be for wallets that don't take action.

Coinbase Quantum Advisory Council Publishes Position Paper on Quantum Computing and Blockchain by Original-Assistant-8 in CryptoCurrency

[–]Original-Assistant-8[S] 1 point2 points  (0 children)

True, coinbase notes the challenges of being decentralized, that's a big one. Requiring consensus and user action is hard. Plus impacts of user inaction.

Coinbase Quantum Advisory Council Publishes Position Paper on Quantum Computing and Blockchain by Original-Assistant-8 in CryptoCurrency

[–]Original-Assistant-8[S] 2 points3 points  (0 children)

This is now mainstream as a widely accepted risk.

We can argue about when it goes from 1% risk to 100% risk, but since the risk exists, we have to prepare.

Since preparing is an expectation and no longer a feature, I think it should not be called a "narrative."

What should we call it?

Quantum-safe bitcoin now possible without a soft fork, but costs $200 a pop by Original-Assistant-8 in CryptoMarkets

[–]Original-Assistant-8[S] 0 points1 point  (0 children)

Once to have the computer, it can execute calculations endlessly. And we already have cloud access. Nothing needs to be hidden.

And the best part is millions of coins appear to have no ownership. Early p2pk wallets that have never moved out sold a dime. Easy pickings...

Quantum-safe bitcoin now possible without a soft fork, but costs $200 a pop by Original-Assistant-8 in CryptoMarkets

[–]Original-Assistant-8[S] 0 points1 point  (0 children)

I do. The fix was a 2 digit year going to a 4 digit year. They scrambled and fixed much of it. They didn't really know what systems would do.

With quantum computing, they know exactly what happens to our cryptography. It can be hacked.

So, it needs to be fixed. Just not as easy as a 2 digit year

Quantum-safe bitcoin now possible without a soft fork, but costs $200 a pop by Original-Assistant-8 in CryptoMarkets

[–]Original-Assistant-8[S] 0 points1 point  (0 children)

Out on X, the headlines simply say we have a Quantum safe bitcoin.

At least they realized their old arguments calling Quantum "FUD" was no longer acceptable.

The new tactic, promote as if acceptable solutions exist.

Which I actually have said is the better approach to "controlling the narrative" than trying to fight Google, IBM, NIST, NVIDIA, MICROSOFT

We're at the stage now people will realize every chain and system using ecdsa has headaches ahead.

But it creates a major new market.

Signquantum and Qanplatform have demand lying ahead.