I've been through tech hype cycles before. They always have a grain of truth in them (otherwise they're trivially refuted) but they don't always work out. I have been through three VR waves, for example.
I can't tell where Quantum Computing will land, though it has all the signs of needing a few more decades of occasional hype cycles.
But I *can* tell that all the proposed mitigating signature schemes for Bitcoin suck hard: they're technically impressive because they're 10x better than I expected, but they're still 10x worse than what we have now.
This means two things: I applaud and support the continuing research. And I won't support a soft fork any new cryptographic schemes until the someone demonstrates an extant QC that can factor faster than a classical one.
I can't tell where Quantum Computing will land, though it has all the signs of needing a few more decades of occasional hype cycles.
But I *can* tell that all the proposed mitigating signature schemes for Bitcoin suck hard: they're technically impressive because they're 10x better than I expected, but they're still 10x worse than what we have now.
This means two things: I applaud and support the continuing research. And I won't support a soft fork any new cryptographic schemes until the someone demonstrates an extant QC that can factor faster than a classical one.
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