Quantum Computers May Crack Bitcoin Keys In Just 9 Minutes, Here’s The Only Way To Protect Against It

Sell your Bitcoin.

I’m serious. This is a huge finding that will have massive repercussions (a quantum leap, if you will) for finance, Web3, NFTs and my bro Darren who put all his life savings into BTC when it hit its ATH.

So, yes, cyptophers (people who use crypto) knew this was on the horizon but they thought they had more time (don’t we all). But Google’s Quantum AI researchers have just published a white paper (what is with you guys and white papers?) that moves the date for the great quantum jailbreak (q-day) up to 2032.

What they found was that the number of quantum bits (qubits) required to break bitcoin, ether and most other cryptocurrencies isn’t in the millions, it’s more like 500,000.

Fuck.

Ok, ok, settle down everyone. Stop screaming. We’re still a long ways off. The most advanced quantum chip out there is Google’s own Willow which has a pathetic 105 qubits. (Wait, what’s stopping anyone from stapling 5000 of those to each other?)

RELATED ARTICLE: Google Simultaneously Unveils And Doesn’t Unveil Quantum Chip

Quantum Shmantum

If you’re wondering more about how this actually works, here’s a paragraph from the Forbes article that I’m cribbing, they explain it much better than I could:

“Bitcoin’s security relies on a single mathematical assumption: that deriving a private key from a public key is computationally impossible for any existing machine. The specific math is called the Elliptic Curve Discrete Logarithm Problem. Every time someone sends bitcoin, they reveal their public key. A classical computer would need longer than the age of the universe to reverse-engineer the private key from it.”

But quantum computers aren’t classical computers and they can compute far more complicated computational computations, the kind that could “derive a private key, forge a digital signature and drain a wallet.”

Bitcoin mining though wouldn’t be affected, that uses a different algorithm or something, idk, I’m not smart.

As expected, the markets reacted to this news with supposedly quantum resistant crypto coins surging a massive 50% in value. Guys calm down, nothing’s happened yet.

IF YOU’RE ONLY HERE FOR THE HOT TIP, TLDR;

Ditch the bit(coin), ETH and the standard cryptos and maybe have a look at Quantum Resistant Ledger (QRL) and Cellframe (CEL) which have ballooned 50%. Other quantum resistant tokens like Abelian (ABEL), up 25%, and Qubic (QUBIC) and QANplatform (QANX), both up 10%, and Zcash (ZEC), up 7%, are well worth a look. Geez, surely we’ve run out of three-letter acronyms by this point.

OH wait, sorry, should have said, this isn’t financial advice, ignore me! IGNORE ME! DELETE THIS MESSAGE!