this post was submitted on 18 Jan 2026
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The firm's senior financial strategist is concerned the advancements in the field of quantum computing will break Bitcoin.

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[–] Honse@lemmy.dbzer0.com 55 points 1 month ago (5 children)

It's not even close lol why the panic. Did wall street read one of those clickbaity quantum computing research breakthroughs

[–] iloveDigit@piefed.social 22 points 1 month ago (1 children)

In trading, gotta react early to stuff everyone else will react to later

I won't though, I'll just keep my Bitcoin until it's worthless lol

Guessing how close or far we are from any given computing breakthrough is bound to be wrong.

I wouldn't be shocked if some governments were pouring money into this in secret.

[–] Blue_Morpho@lemmy.world 5 points 1 month ago

Do you want to be the one holding the bag in 20 years?

[–] Clent@lemmy.dbzer0.com 5 points 1 month ago

It's also possible for bitcoin to switch algorithms so it would presumably switch to something quantum resistant.

There are already chat clients that have switched to these types of algorithms, Signal and Apple messages being the most popular ones.

[–] technocrit@lemmy.dbzer0.com 2 points 1 month ago (1 children)

It’s not even close lol why the panic

The quantum grift is very similar to the "AI" grift.

[–] SmoothOperator@lemmy.world 1 points 1 month ago

Well, there's grifters in both camps, but the quantum computing potential was scientifically proven with Shor's algorithm decades ago, while nobody knows if AI will go anywhere from here.

So also fundamentally dissimilar.