Will Quantum Computing Destroy Bitcoin?

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Название	:	Will Quantum Computing Destroy Bitcoin?
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WARNING: There are a number of scammers who are using my image andbrchannel name to try to connect with my viewers on WhatsApp and otherbrplatforms to scam them Just so you know, I will never refer you tobr"my personal trader" or try to connect with you personally to sell youbrsomething I am banning these scammers as quickly as they pop up, butbrif you could report them to YouTube, it would be very helpful You canbralways recognize a scammer by clicking on the image and seeing howbrmany videos he has All of these guys have zero videos, while I havebrhundreds I also now have a checkmark next to my name, so that you can distinguish the real Trader University from the imposters
Comment from : Bitcoin University

quantum will never kill bitcoin since bitcoin is designed to have an average number of blocks per hour and if they are being generated too fast, the difficulty increases
Comment from : Eli

Quantum computer will probably cut the block from 10 to a lower number like 4 minutes etc
Comment from : K Moore

GPT-5 already can crack Bitcoin brHardware wallets are broken into - by specialists already brElon already made Quantum computer to do this brbrThis video didn't age well
Comment from : Improved2022

Beautifully explained!!
Comment from : Riffs

Too optimistically telling crypto-users what they wanna hear
Comment from : Sauerkraut

Crazy watching with video after watching Andreas fork 3-4 year old videos and how much things have changed already regarding quantum and BTC
Comment from : Brandon Gentile

Summit was beaten by a quantum computer Quantum computing is closer than you are letting on
Comment from : brado jacko

The government already has quantum computers
Comment from : viaan

it will #pi (Math Rocks)
Comment from : C Adam A Maqavoy

Even Quantum computing will be made within this decade, not everyone can own them 😂😂😂
Comment from : Bruno Derek

Wouldn't quantum require a hard fork of the code?
Comment from : Noc Tis

Didn't China already use quantum computers to stop crypto there?
Comment from : hatemadness

If you look at tech development and adoption curves, I’d bet quantum will be here in sizable use by the end of the decade
Comment from : Ellewynn

Of course your professor was a liberal
Comment from : P4LJoe

You are always tops, Matt You have a way of making a lot of sense out of nothing Kudos!
Comment from : Adimchi Onyenadum

Stanford HUH?! Go Bears! 😄
Comment from : omax3852

Nexus is already Quantum resistant Good to go $NXS
Comment from : frutbum-p

A comment for that rhythm thing
Comment from : Brandon Carroll

what is the argument against the lighting network centralization through Adam Bak company? i know Adam Bak can be trusted but how do i respond to this talking point? The whole of point of crypto is trustless
Comment from : Harry Dee

It is decent of you to share your expertise with the world Bravo!
Comment from : Oliver Dashwood

Who decides which signature algorithm Bitcoin uses?
Comment from : sneakyweasel

Love this channel, thanks for the information
Comment from : StitchedBalls

Comment from : Theo Roy

Hi Matt, thanks for the awesome content Your videos are very informative and you explain things beautifully I wonder if you may have suggestions on what some good ways may be to track crypto gains Is there software to do this? Or do we need to manually track purchase price and amount spent on excel etc
Comment from : S

We do have cold fusion it's just not going to see light of day because the world is governed by psychopaths It's not the only technology that's being suppressed Look up Staley Mayer who invited an engine that ran on hydrogen Unfortunately he got assassinated That's what happens when you threaten the establishment But getting back to Bitcoin Don't be so sure that quantum computers are way out there in the distance future Don't just settle for one or two opinionsbrHowever a more immediate threat to Bitcoin and humanity is World War 3 The way things are going it unfortunately may be in the near future
Comment from : Wualli

Bitcoin will keep moving forward
Comment from : MrArrex

Can engineers create a quantum computer that can guess my private keys? I feel like it’s completely possible In total, there are a total of (almost) 2^256 combinations of private keys It’s completely feasible a computer can guess the keys with software programmed to attempt every possible combination of characters I’m a Bitcoin maximalist but this thought is always in the back of my mind If someone could help clarify that would be great
Comment from : Dread Pirate Roberts

WILL IT? Your headline is FUD
Comment from : Hawks Bill

“You can use Quantum to secure Bitcoin as well”
Comment from : Un-confiscate-able Money

Love your content, Matthew Thanks as always!
Comment from : Richard Hubbard

yesso will the unicorns and spacsand when you add in the SECbrthat is trying to save the collapsing bankswe all have a big big problembrESPEACILLY BECAUSE IT IS RIPPLE XRP THAT IS DISRUPTING THE BANKSbrAND CROSS BORDER PAYMENT SYSTEMPOOR SAD STUPID BANKSbr THEY WERE FAT PIGS THAT TURNED INTO HOGS AND NOW AREbrGETTING SLAUGHTEREDbr OH MY MY MY
Comment from : D Paul Sikand

I find that there are 2 types of people when it comes to tech "prediction" The ones for whom everything is 3 years away, and the ones for whom everything is 100 years awaybrBut objectively, just 5 years ago, today's level of technological advancement would have been 30 years away for Quantum Computing and for many other technologies for the 100 years camp brMost "experts", said that Quantum Computing is not something we should be concerning ourselves with for at least 50 years And here we are 5 years later, and investments and interest have grown exponentially, seeing that things are closer than previously thought While there is no correct answer until it happens, today's level of advancement in many technologies would have been 50 years away for the 100 years camp just 5 or 10 years ago So I will have to disagree with your "prediction"
Comment from : R2C2

God bless you TU and satoshi nakamoto and bitcoin, you know what? god bless us all amen
Comment from : KnowledgeHarvester

Glad to see all could join for some confirmation bias
Comment from : Michael Mills

The best info always
Comment from : LRoyArmstog2497

Or as Michael Saylor said : you can attack the Bitcoin network with a Quantum computer and destroy the value of Bitcoin and you will lose Our you start to mine Bitcoin, get rich and secure the network 1000x fold Game theory
Comment from : Sascha Sheva

Thank you for sharing your knowledge Imagine a Quantum computer cracking your wallet's 24 seed phrase? Is it doable?
Comment from : Luchador EMC

Bitcoin is a discovery not an invention! shitcoins are flawed as you can't discover the same thing twice: Resistance to replicability itself
Comment from : Skraggii

Segwit is already quantum resistant as long as you don't reuse an address Can't calculate the private key if you don't know the public key
Comment from : Westar

Quantum computing is a legit concern But it is equally if not more of a concern for the fiat systems in place And as someone who reaches near absolute 0 everyday I can say it is expensive to do but not too hard
Comment from : Shrimp and stuff

STANFORD - respect earned
Comment from : Human Being

next topic: Solar Storm Thanks
Comment from : Duarte

Who decides what signature algorithm is used for Bitcoin? Since Bitcoin doesn't have a CEO or a corporation how is this decision made and enacted?
Comment from : Ryan K

Love your channel but you seriously need to study XRP because your subtle digs will alienate so many Not because they are unwilling to see the good and bad but because it shows you have not given it your full consideration What are your thoughts on the inflation deflation argument? I see hyper inflation as inevitable considering the fiscal policy but I see deflation preceding first Thoughts?
Comment from : lentner3

I wonder when institutions will start reporting Bitcoin on their balance sheet
Comment from : Will Tomorrow

Hi Mattthank you for this video Quantum computing bothered me and this video was very insightful
Comment from : Mark Dunetz

what was that one chain that claimed to be quantum proof lol what stops another chain from copying it or doing a better job at it with an upgrade?
Comment from : Automate games

Damn, XYZ is a whole coiner
Comment from : isambo400

Right now BTC derivatives and quant traders are the big market manipulatiors The price action is algorithm driven Knowing this, makes me quite numb to the short term price
Comment from : Harvey Mushman

Thank you for the video My main takeaway is that quantum computing can be used to defend the network just as well as it can be used to attack it
Comment from : Robert Johnson II

Also assuming normal people will ever own Quantum computers in the next century - they will not It's just a non-story currently It is like fusion and antimatter lots of test rigs nothing that actually achieves anything useful yet And assuming Bitcoin miners won't pursue their own anti-quantum tech is evidently ridiculous that they won't keep up
Comment from : Michael Kavanagh

Thanks for another great presentation! I appreciate the time and effort you spend on the education for us 👍🏻👍🏻👍🏻
Comment from : KSWonder

Really!!?!? You think it can! 😄 i hope ill not see you again
Comment from : นาจารีย์ คณารักษ์

That being said - I don't worry about it
Comment from : P D

Wouldn't the quantum technology just get integrated by the miners like their hardware has done over the past 12 yearsstarted with using only a PC and now far more advanced hardware is needed I mean the argument itself that Quantum will destroy Bitcoin is a ridiculous one Hence why it uses POW (Energy) for its security brbrPerhaps maybe the question should be can Quantum technology destroy any of the AltCoins using POS?
Comment from : Kodi Dude

Since your Bitcoin address is not your public key, Bitcoin is inherently Quantum resistant The address comes from the public key which goes through 2 separate hash functions So a Quantum attacker wouldn't have a place to start, since the public key which is connected to the private key is not revealedbrbrI believe that in Bitcoin, your public key is revealed only when you spend a transaction which is another reason to use separate addresses for each transaction
Comment from : MintChocolateChip

Speaking of how the blockchain is "a list of who owns what" that is my answer whenever it is said that Bitcoin just sits there and yields nothing Wrong It yields all network transaction data which is verifiable by anyone and can be altered by no one The price reflects the value of that end product
Comment from : Lord Binky

How about the reverse question in more detail? Can Quantum computing help bitcoin either from a speed, processing logic, security, mining, or energy?
Comment from : G H

Lol This reminds me of some of the hypothetical conversations my friends and I would have in high school like "Batman vs Spider-man: Who wins?" Some arguments for Batman would be that he could take time to train and research about Spider-man to possibly gain the advantage, but the counterargument was always, "Well what do you think Spider-man is doing all his time, sitting on his ass?" So hopefully, as you say, any threat quantum computers would pose in the future would be offset by more powerful protective measures
Comment from : Skybound FPV

Bitcoin is open source software The programmers must work together and agree on updates, correct? All these programmers have skin in the game and will work together to secure the network more and more as time goes on Making Bitcoin stronger as time goes on
Comment from : BURSAMAN

Maybe this is not the right video for me to post this comment But you sir have changed my life for the better, thanks to your videos and your books I can say that I have become a better trader, and more financially responsiblebrMy financial futures doesn’t look as grey anymore, thank you for passing on all your great knowledge
Comment from : Wilfredis Castillo

I have been wondering about this for soo long
Comment from : Oddvar Austrått

Are quantum computers always going to be 10 years away?
Comment from : todmann67

Bitcoin was tanking this morning so I couldn't hardly wait for your daily video to restore my confidence With that being said, I am aware that cognitive bias can distort our views so I try to also listen to those with a negative opinion of bitcoin So far there are no overwhelmingly compelling negative arguments against BTC brI was listening to Lyn Alden, and she brought up a scenario that what would happen if the US, or UK would disallow banks to do business with crypto exchanges?brThis has happened with smaller counties but not the elephants in the roombrAny thoughts or opinions?
Comment from : Dan Wilhelm

Quantum Computing will be interesting when it gets here one day
Comment from : JD Wagner

The people who bring up the quantum computing concern probably have no idea what a quantum computer is or how it works, not even on the surface Matt, do you think that a larger block size would eventually be in the conversation as our computers are able to hold much more data and as quantum signatures may be necessarily utilized? I think if a larger block size could eventually be introduced at some point without sacrificing decentralization
Comment from : das boot

because the COBOL systems currently underpinning the Financial world would outperform blockchain in a Quantum environment
Comment from : Jack Brown

You went to Stanford Now all your knowledge and the simple way you present things makes sense Thank you again for sharing your great knowledge to the rest of us
Comment from : sean farias

If quantum computing becomes functional and gets misused, why would they go for bitcoin, when they can go for a much bigger pot such as financial and military institutions We have a much bigger problem to deal with at that point
Comment from : Jay L

if quantum computing becomes widespread and practical, btc will simply adjust and incorporate quantum-based encryption
Comment from : SDsc0rch

For the algo Great content as usual, Matthew
Comment from : ExNihilo

Hi Matt, I love watching your videos and am a big fan of bitcoin However, a couple of concerns I have is that if everyone views bitcoin as an asset that will appreciate, and thus wont spend it, how will it function as a currency (eg as a medium of exchange) Moreover, lots of bitcoin is controlled of very few individuals - do you think this poses a risk of manipulation? Thanks
Comment from : Tyler Edwards