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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Just wait until quantum starts cracking wallets.  Then you'll sell.[/quote]

This is a risk for every single banking institution, and not limited to crypto. Sometimes critical thinking is helpful instead of regurgitating X and BlueSky influencer talking points.

https://www.bankingriskandregulation.com/quantum-computing-leap-gives-banks-hope-against-hacks/[/quote]

lol at regurgitating talking points.

Quantum is a real risk to asymmetrical encryption specifically.  Symmetrical isn't really at risk, but the risk to asymmetric means most/all of internet communications (stored data is usually symmetrically encrypted).  That said, q-day is generally estimated to be 5-10 years out.  Meaning that if the amount of time you need asymmetrically-encrypted data to remain secret is less than that, you're generally safe as long as the vendors supporting your tech stack get their asses in gear and implement the right quantum-resistant encryption algorithms prior to that time window expiring.

Blockchain-based cryptocurrency, however, is another story - at least to my understanding.  Per briefings I've received on the topic, a lot of people are watching Nakamoto's wallet that has about 1M bitcoin in it and has remained untouched for 15 years.  The speculation is that once that starts to move, the gig is up and cryptocurrency in general is at risk.

Of course, a lot of people are working on solutions to this but afaik there's no elegant fix that can be universally applied.

Either way, good luck.

Source: I'm not a talking point[/quote]

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