Quantum Computing Threat to Bitcoin Debunked as Marketing Lies
Quantum Computing Threat to Bitcoin Debunked as Marketing Lies
A new 'Quantum Doom Clock' website projects that quantum computers could break widely used public key cryptography, including Bitcoin's, within two to three years. However, the article critically refutes these claims, labeling them as 'aggressive assumptions' and 'marketing lies' that exaggerate the immediate threat to Bitcoin's security.
Quantum Computing Threat to Bitcoin Questioned
A new quantum countdown website projects a two- to three-year window for quantum computers to break widely used public key cryptography, placing Bitcoin within its scope. Sites like The Quantum Doom Clock, operated by Postquant Labs and Hadamard Gate Inc., package aggressive assumptions about qubit scaling and error rates into a timeline that spans the late 2020s. Despite these alarming predictions, the article’s headline and content suggest a skeptical stance, dismissing these forecasts as 'marketing lies' and implying that the immediate threat to Bitcoin's cryptographic security from quantum computing is significantly overblown or unfounded.