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PowerElectronixtoday at 6:14 PM1 replyview on HN

As soon as activity is detected and reasonably atributable to sha256 being broken, bitcoin goes to zero.


Replies

some_furrytoday at 7:18 PM

What?

Quantum computers don't break SHA256, nor would this attack be "reasonably attributable" to a SHA256 break.

In fact, if you have funds in a wallet that has never spent a transaction before (only received), it's still reasonably difficult for a CRQC to steal your funds. The trick is, the moment you've ever spent a transaction, now your public key is known (and therefore breakable).

(Yes, I'm aware of the literature on quantum search vs hash functions, but it's not a complete break like RSA or ECC.)