Oh my god. WHY DIDNT ANYONE THINK OF THIS BEFORE?!?!
coinfeeds-bot on
tldr; BlackRock, the world’s largest asset manager, has highlighted quantum computing as a potential risk to Bitcoin in its updated prospectus for the iShares Bitcoin Trust ETF (IBIT). The company warns that advances in quantum computing and other technologies could compromise Bitcoin’s cryptography, rendering it flawed or ineffective. This could lead to security breaches, reduced confidence in digital assets, and diminished demand for Bitcoin. Currently, BlackRock’s IBIT holds $70.1 billion worth of Bitcoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
tianavitoli on
but just to be safe we’ll buy your bitcoin from you for 50 cents on the dollar, let us take that risk.
fullofsmarts on
Yes because bitcoin is totally static and has never evolved to meet a threat.
OderWieOderWatJunge on
I wonder why all this comes up now lol.
justletmesignupalre on
They’re adding it to their T&C now? Didn’t they do their fucken research before launching their ETF?
CrypTom20 on
lol… the are buying, i call bullshit. Quantum computing wont be able to access any btc on cold wallet. You think bank account are safer? Nope
Ares2k9 on
Then btc migrates to a higher sha level to combat it like all other programs will…
kahnindustries on
If Bitcoin is crack able then all banks are, all networks are and all governments are, data is meaningless and we are back to swapping rocks for chickens
TehGutch on
Been saying this for a long time. Bitcoin is dated. It’s only a matter of time… it’s 17 years old
itsdabtime on
Dang BlackRock about to get margin called
No-Entrepreneur-4720 on
Then Blackrock has to sell so I buy the dip
FederalMonitor8187 on
Haha black rock pulling out everything to scare people. Clowns
critiqueextension on
BlackRock’s recent filings highlight concerns that quantum computing could potentially compromise Bitcoin’s cryptographic security, but current quantum technology is not yet capable of posing an immediate threat. Researchers believe Bitcoin will evolve to address quantum risks, making the threat more long-term than imminent.
The race to chase retail out. There will be big swings at brooming retail over the next 6-8 months. The more corporate and government interests that grows the more fud your going to see.
Regret-Select on
Wouldn’t just… 1 other quantum computer, counteract this, and fix this. Lol
We’re supposed to assume there will only ever be 1 single quantum computer. There won’t ever be…. another? Another counteracting, resolves the issue
Let’s continue the larp that there will only be 1 single quantum computer. Just like Nintendo releasing only 1 single game system Switch2. The whole world would only have 1 single Swirch2 to share and play! Sounds super believable
Eder_120 on
Newbies may take this „risk“ seriously. Study Bitcoin for real. Read the Bitcoin standard. Then you’ll understand how malicious attacks against the Bitcoin network are virtually impossible. You’d need more energy than exists in millions of galaxies like ours combined.
Jayrovers86 on
Yawn
partymsl on
Many may view it as a joke and it often is.
But it is a real threat to BTC going forward and there needs to be quantum protection, which has often been proposed by devs.
SophonParticle on
Bitcoin issues Blackrock warning, says Blackrock’s entire existence could be rendered flawed by quantum computing.
23826 on
So Blackrock wants cheaper prices to buy. Got it.
607beforecommonera on
It’s true. I’ve been looking into this for a while. Bitcoin uses a single old elliptic curve called secp256k1 that is relatively dated and could potentially have a backdoor.
There are ways to fix this. Elliptic curve cryptography (what Bitcoin uses) is no longer considered state-of-the-art in the cryptography community; lattice-based cryptography is the solution. It’s considered quantum-resistant.
The US government is moving away from elliptic curve schemes for this reason. NIST released a list of algorithms that are considered to be quantum-resistant to be used in replacement for the current functions in place now.
It is unclear whether old wallets (that used a slightly less-secure method that exposed the wallet public key) are able to be cracked at the current moment and every time I see an old wallet that “wakes up,” I notice everyone always jumps to the conclusion of “someone got out of prison” instead of a potential exploit.
I have been developing a new digital currency scheme that combines classic key-based cryptography with multiple modern lattice-based cryptography schemes so this issue would be mitigated. I want to make this into a working prototype soon.
mothrfricknthrowaway on
THIS JUST IN. Cryptography is fucked post quantum computing. Anyways…
MattFirenzeBeats on
We’ve heard this before. If quantum computing can crack the Bitcoin source code, then it’s also strong enough to crack every banking system we know of and hack into world finance as we know it. I
CilicianKnightAni on
Just don’t receive into an address you previously ever sent out of, right?
Obsidianram on
Better get the BTC CEO on the phone, stat…
Great_Jellyfish_3435 on
Quantum Coin (Q) already has it sorted
Tebasaki on
Old news is old.
AKJ90 on
Now we just need quantum computing
BiteMaJobby on
BUY SIGNAL!!!!!
JannaSummer on
This is great news Steve/s
Hannibaalism on
don’t worry guys once quantum hits ill drain every bank account in the world and launch every nuke simultaneously so we won’t have to worry about our bitcoin
derkbarnes on
Hopefully. Someone designs a bigger lock next time
But seriously imagine some quantum computer can beat a Chinese miner at figuring out a code??
Ooooohhh…
FUuUUUUUUuUUUuUUUUUCK…
Frieza131 on
All cryptography is cooked post solved quantum computing lol
mc_schmitt on
I’d encourage people to check out the text of any Bitcoin/Ethereum filing for an ETF which I believe all mention quantum computing as a threat. Blackrock expanded their language to define it more concretely. The language is very similar between Bitcoin and Ethereum FWIW (worth noting because often only Bitcoin comes up here).
Anyone buying needs to evaluate the risk/reward of any asset. Will Bitcoin update in time and will everyone update their keys in time? How certain are you of that? 100%, 90%?
If you find there’s a 10% chance of failure, there’s also a bit of opportunity that can be found with blockchains that are post-quantum secure today. NFA
Mechanik_J on
Yeah, and that’s probably the least of your worries…
Leave A Reply
Du musst angemeldet sein, um einen Kommentar abzugeben.
37 Kommentare
Now they tryna crash price so they can buy more 💀
Oh my god. WHY DIDNT ANYONE THINK OF THIS BEFORE?!?!
tldr; BlackRock, the world’s largest asset manager, has highlighted quantum computing as a potential risk to Bitcoin in its updated prospectus for the iShares Bitcoin Trust ETF (IBIT). The company warns that advances in quantum computing and other technologies could compromise Bitcoin’s cryptography, rendering it flawed or ineffective. This could lead to security breaches, reduced confidence in digital assets, and diminished demand for Bitcoin. Currently, BlackRock’s IBIT holds $70.1 billion worth of Bitcoin.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
but just to be safe we’ll buy your bitcoin from you for 50 cents on the dollar, let us take that risk.
Yes because bitcoin is totally static and has never evolved to meet a threat.
I wonder why all this comes up now lol.
They’re adding it to their T&C now? Didn’t they do their fucken research before launching their ETF?
lol… the are buying, i call bullshit. Quantum computing wont be able to access any btc on cold wallet. You think bank account are safer? Nope
Then btc migrates to a higher sha level to combat it like all other programs will…
If Bitcoin is crack able then all banks are, all networks are and all governments are, data is meaningless and we are back to swapping rocks for chickens
Been saying this for a long time. Bitcoin is dated. It’s only a matter of time… it’s 17 years old
Dang BlackRock about to get margin called
Then Blackrock has to sell so I buy the dip
Haha black rock pulling out everything to scare people. Clowns
BlackRock’s recent filings highlight concerns that quantum computing could potentially compromise Bitcoin’s cryptographic security, but current quantum technology is not yet capable of posing an immediate threat. Researchers believe Bitcoin will evolve to address quantum risks, making the threat more long-term than imminent.
* [Is Bitcoin’s future at risk from quantum tech? – Cointelegraph](https://cointelegraph.com/explained/blackrock-issues-rare-warning-is-bitcoins-future-at-risk-from-quantum-tech)
* [Serious BlackRock Bitcoin Warning Fuels ‚Disaster‘ Fears As The …](https://www.forbes.com/sites/digital-assets/2025/05/15/serious-blackrock-bitcoin-warning-fuels-fears-of-disaster-as-the-price-suddenly-dives/)
^(This is a bot made by [Critique AI](https://critique-labs.ai). If you want vetted information like this on all content you browse, [download our extension](https://critiquebrowser.app).)
The race to chase retail out. There will be big swings at brooming retail over the next 6-8 months. The more corporate and government interests that grows the more fud your going to see.
Wouldn’t just… 1 other quantum computer, counteract this, and fix this. Lol
We’re supposed to assume there will only ever be 1 single quantum computer. There won’t ever be…. another? Another counteracting, resolves the issue
Let’s continue the larp that there will only be 1 single quantum computer. Just like Nintendo releasing only 1 single game system Switch2. The whole world would only have 1 single Swirch2 to share and play! Sounds super believable
Newbies may take this „risk“ seriously. Study Bitcoin for real. Read the Bitcoin standard. Then you’ll understand how malicious attacks against the Bitcoin network are virtually impossible. You’d need more energy than exists in millions of galaxies like ours combined.
Yawn
Many may view it as a joke and it often is.
But it is a real threat to BTC going forward and there needs to be quantum protection, which has often been proposed by devs.
Bitcoin issues Blackrock warning, says Blackrock’s entire existence could be rendered flawed by quantum computing.
So Blackrock wants cheaper prices to buy. Got it.
It’s true. I’ve been looking into this for a while. Bitcoin uses a single old elliptic curve called secp256k1 that is relatively dated and could potentially have a backdoor.
There are ways to fix this. Elliptic curve cryptography (what Bitcoin uses) is no longer considered state-of-the-art in the cryptography community; lattice-based cryptography is the solution. It’s considered quantum-resistant.
The US government is moving away from elliptic curve schemes for this reason. NIST released a list of algorithms that are considered to be quantum-resistant to be used in replacement for the current functions in place now.
It is unclear whether old wallets (that used a slightly less-secure method that exposed the wallet public key) are able to be cracked at the current moment and every time I see an old wallet that “wakes up,” I notice everyone always jumps to the conclusion of “someone got out of prison” instead of a potential exploit.
I have been developing a new digital currency scheme that combines classic key-based cryptography with multiple modern lattice-based cryptography schemes so this issue would be mitigated. I want to make this into a working prototype soon.
THIS JUST IN. Cryptography is fucked post quantum computing. Anyways…
We’ve heard this before. If quantum computing can crack the Bitcoin source code, then it’s also strong enough to crack every banking system we know of and hack into world finance as we know it. I
Just don’t receive into an address you previously ever sent out of, right?
Better get the BTC CEO on the phone, stat…
Quantum Coin (Q) already has it sorted
Old news is old.
Now we just need quantum computing
BUY SIGNAL!!!!!
This is great news Steve/s
don’t worry guys once quantum hits ill drain every bank account in the world and launch every nuke simultaneously so we won’t have to worry about our bitcoin
Hopefully. Someone designs a bigger lock next time
But seriously imagine some quantum computer can beat a Chinese miner at figuring out a code??
Ooooohhh…
FUuUUUUUUuUUUuUUUUUCK…
All cryptography is cooked post solved quantum computing lol
I’d encourage people to check out the text of any Bitcoin/Ethereum filing for an ETF which I believe all mention quantum computing as a threat. Blackrock expanded their language to define it more concretely. The language is very similar between Bitcoin and Ethereum FWIW (worth noting because often only Bitcoin comes up here).
Anyone buying needs to evaluate the risk/reward of any asset. Will Bitcoin update in time and will everyone update their keys in time? How certain are you of that? 100%, 90%?
If you find there’s a 10% chance of failure, there’s also a bit of opportunity that can be found with blockchains that are post-quantum secure today. NFA
Yeah, and that’s probably the least of your worries…